RBI may hike CRR, policy rates soon: ABN Amro

A healthy 7.9 percent jump in GDP growth in Q2 FY 10 may prompt the Reserve Bank of India to hike the Cash Reserve Ratio (CRR) and key policy rates in the near future, a top banker on Wednesday said.

ABN AMRO posts first-half loss, RBS split on track

Nationalised Dutch bank ABN AMRO reported a large first-half loss on Wednesday and said the legal separation of certain assets owned by Royal Bank of Scotland is on schedule.