Federal Reserve
Bernanke says Fed likely to reduce bond buying this year
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Full Article | Instant View
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
RBI deputy expects bank licence rules 'very soon'
Kashmiri people perform transactions at a bank in Srinagar August 19, 2008.
Credit: Reuters/Fayaz Kabli/Files
MUMBAI |
MUMBAI (Reuters) - The RBI is expected to issue new bank licence guidelines "very soon", deputy governor Anand Sinha said on Friday.
The Reserve Bank of India will arrive at a mutual decision on banking licence rules with the finance ministry, and consultations with the ministry are nearing an end, he said.
Sinha added that there were risks in giving licences to corporates. He was speaking on the sidelines of an event on Basel III.
(Reporting by Neha Dasgupta; Editing by Jijo Jacob)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters