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Nations like India must allocate more resources to end extreme poverty: WB

Last Updated: Thursday, April 10, 2014, 21:37

Countries like India, which accounts for nearly one third of the people living in poverty globally, need to complement efforts to enhance growth with policies that allocate more resources to the extreme poor, the World Bank said Thursday.

India's economy to grow at 5.7% in FY'15: World Bank

Last Updated: Wednesday, April 09, 2014, 22:06

The World Bank Wednesday projected an economic growth rate of 5.7 percent in fiscal year 2015 for India on the back of a more competitive exchange rate and many large investments going forward.

Doha Bank to open 1st branch next month; eyes $5-b biz in 3 yrs

Last Updated: Thursday, April 03, 2014, 21:07

The second largest Qatari lender Doha Bank will be opening its first branch in India here next month and has set a target of USD 5-billion balance-sheet by the third year of operations.

FY14 home loans at Rs 1.6 tln; total book at Rs 9.6 tln: NHB

Last Updated: Wednesday, April 02, 2014, 19:31

Indians borrowed nearly Rs 1.60 lakh crore in housing loans in 2013-14, helping home finance firms' books move closer to the Rs 10 lakh crore mark, said a top official of the National Housing Bank.

Black money: Swiss exchanging 'lawful' info with India

Last Updated: Sunday, March 09, 2014, 12:54

With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests, but cannot help on enquiries based on stolen banking data.

'RBI target of 8% CPI inflation level in Jan 2015 attainable'

Last Updated: Thursday, February 13, 2014, 16:40

Ruling out incremental tightening of monetary policy, a Citigroup report has said the Reserve Bank's interim target of 8 per cent inflation in January 2015 seems "attainable", provided there is normal monsoon.

Government may borrow 5.8-6 trillion rupees next FY: StanChart

Last Updated: Thursday, February 13, 2014, 13:24

Standard Chartered Bank estimates the government will announce on Monday gross borrowing for 2014/15 of 5.8-6 trillion rupees, based on the government`s fiscal deficit target of 4.2 percent of GDP.

Inflation indexed bonds to be modified: RBI DG

Last Updated: Thursday, January 09, 2014, 17:21

Worried by the tepid response to inflation-indexed bonds, the Reserve Bank today said they will be modified and made more attractive to investors.

Doha Bank gets licence to commence banking ops in India

Last Updated: Thursday, December 12, 2013, 13:33

Doha Bank is the largest private commercial bank in the state of Qatar.

Q2 GDP encouraging, trend likely to continue: WB India head

Last Updated: Monday, December 02, 2013, 14:57

India's second quarter economic growth inched up to 4.8 percent during second quarter.

Manmohan Singh inaugurates India’s first all women Bharatiya Mahila Bank

Last Updated: Tuesday, November 19, 2013, 15:46

Speaking at the inaugural, finance minister P Chidambaram stated that an all-woman board of Mahila Bank was also constituted with the induction of eight women directors.

StanChart sees marginal breach in FY'14 fiscal deficit target

Last Updated: Thursday, November 07, 2013, 21:21

Standard Chartered Bank Thursday warned of a 0.2 percent slippage in fiscal deficit at 5 percent of India's GDP due to slower revenue growth.