Search Results for 'RBI'

RBI warns banks against floating rate manipulation, prepayme...

The Reserve Bank of India (RBI) has warned banks against taking customers for a ride by manipulating interest rates on floating rate loans. The regulator also wants them to voluntarily waive the prepayment penalty on home loans. At the [...]

Posted On : Oct, 26 2011 | Comments : 0

RBI alters LAF timing to curb volatility in overnight rates

From August 16, the Reserve Bank of India (RBI) will hold reverse repo auctions between 4.30 and 5 pm on all working days, except Saturdays. The move will help curtail volatility in the overnight money market that emerged after the apex b [...]

Posted On : Aug, 10 2011 | Comments : 0

RBI's hawkish policy stance to hit auto firms, banks

The RBI Governor, D. Subbarao announced a steep 50 basis points hike in key short-term rates on Tuesday, as the central bank stepped up its fight against the inflation beast. The latest monetary tightening by the RBI reflects a change fro [...]

Posted On : May, 04 2011 | Comments : 0

RBI urges banks to keep lending to microfinance firms

The Reserve Bank of India (RBI) has urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh government curbed collections and new business. A delegation of banks [...]

Posted On : Dec, 23 2010 | Comments : 0

Banking licence: Realty strikes RBI

The Reserve Bank of India (RBI) may have to go easy on its suggestion of not granting new banking licences to those groups which have exposure to the real estate sector. The central bank had in a discussion paper indicated that the [...]

Posted On : Oct, 08 2010 | Comments : 0

Banks to take cue from RBI policy to decide rates - Kotak

Lending rates might move upward in the months ahead as credit growth picks up, but banks may take a cue from the RBI policy before effecting any change in their rate-structure, a top banker on Monday said. "It (intere [...]

Posted On : Jan, 04 2010 | Comments : 0

Largest gas turbine: 2,838 sensors, 90 GB data per hour of t...

Much is made of the benefits of modular design and construction but not often associated with the large scale of power plants. Yet, this is the path Siemens Energy has taken to bring online the world’s largest H-class gas turbine, ex [...]

Posted On : Feb, 13 2009 | Comments : 0

Earth-like planet orbits dwarf star

European astronomers have found the most Earth-like planet outside our solar system, and here’s what it might be like to live there: The “sun” wouldn’t burn brightly. It would hang close, large and red in the sky, gl [...]

Posted On : Apr, 25 2007 | Comments : 0

Human error caused Mars orbiter's loss: NASA

Human error was at the root of the loss in November of the Mars Global Surveyor that had orbited the red planet for nine years, NASA said on Friday. An error in programming of the onboard computer memory in June 2006 led to a battery failur [...]