Banks recasting Rs 1,300 cr loan to Goa mining sector

Following the go-ahead by the Reserve Bank, banks have begun restructuring the loans worth around Rs 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines.

Reserve Bank to raise growth forecast for the year: Gokarn

Buoyed by better than expected
GDP growth of 7.9 percent in the second quarter, the Reserve
Bank said it will have to raise the country`s growth
outlook for 2009-10 from the current estimates of 6 percent.

RBI likely to keep interest rates unchanged: Moody`s

The Reserve Bank is likely to
keep interest rates unchanged in its quarterly monetary policy as there is little pressure on the central bank to further take liquidity easing measures, according to Moody`s.