Jammu and Kashmir
RBI: bank lending rates to ease gradually
MUMBAI (Reuters) - Indian banks were still saddled with high-cost deposits and so lending rates would only soften gradually despite big cuts in official interest rates, Reserve Bank of India (RBI) deputy governor Rakesh Mohan said on Thursday Full Article
RBI cuts rates, prods banks to help growth
MUMBAI (Reuters) - The Reserve Bank of India (RBI) cut its key lending rate for the sixth time in 7 months on Tuesday and pushed commercial banks to follow suit to bolster growth which has taken a bigger-than expected hit from the global downturn. Full Article
As RBI seen pausing, banks may now cut rates
MUMBAI (Reuters) - The Reserve Bank of India may be near the end of a rate-cutting spree, but commercial bank lending rates look set to fall further as pressure grows to respond to abundant liquidity and near-zero inflation to stimulate credit and shore up economic growth. Full Article
RBI: current account deficit seen falling in 2009/10
MUMBAI (Reuters) - India's current account deficit in the 2009/10 fiscal year will be lower than 2008/09 and foreign direct investment flows will continue to be reasonable, central bank deputy governor Rakesh Mohan said on Tuesday. Full Article
