The Uttar Pradesh industrial sector shall face more stringent financial constraints in coming days. This seems more likely in the wake of the recent hike in key policy rates of the Reserve Bank of India (RBI). The MSMEs in UP would be hit hard by this hike as it is expected that funds would get costlier for the sector. Central Bank ...

read more

In an article published smetimes.tradeindia.com,the Governor of the Reserve Bank of India (RBI) cautioned that the 2009-10 fiscal may prove to be more challenging as compared to 2008-09, which had seen the first two quarters unaffected by the economic recession. Also, while the green field projects continue, brown field projects requiring fresh investments remain suspended for 2009-10. There ...

read more

Rates were left unchanged in a meeting between the governor of the Reserve Bank of India (RBI) and bankers on February 27. The bankers cited comfortable liquidity levels and also informed the governor that though there was scope for reduction in lending and deposit rates, they would wait for at least a month before making a move. ...

read more

The Reserve Bank of India (RBI) and the government of India are requiring banks to double their 2005 credit flow by 2010 to support the Indian small business sector during the economic downturn. The mandate originated at a Officials of the State Level Bankers Committee (SLBC) meeting, held in Karnataka to discuss issues related to Small and Medium Enterprises (SMEs) during ...

read more