Government drops plan to use gold deposits as part of CRR, SLR

Last Updated: Monday, August 10, 2015, 19:01

The government has dropped plans to utilise gold mobilised under the proposed monetisation scheme for meeting mandatory liquidity requirements for banks, as it wants to avoid another confrontation with RBI.

Mobile phones, cameras can co-exist, says Canon

Last Updated: Tuesday, June 9, 2015, 15:51

Digital imaging major Canon expects the market for single-lens reflex (SLR) cameras to double in India this year to 400,000 units, and saw the industry co-existing with mobile phones, despite losing some share in the lower segments.

Good interest rate must for success of gold scheme: Nomura

Last Updated: Friday, May 22, 2015, 18:59

At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.

Banks may get nod to use gold deposits for meeting CRR, SLR

Last Updated: Tuesday, May 19, 2015, 19:20

The government is considering allowing banks to utilise gold mobilised under the monetisation scheme for meeting mandatory liquidity requirements set by the Reserve Bank.

SLR cut credit positive for banks, says Moody's

Last Updated: Monday, February 9, 2015, 19:05

The Reserve Bank decision to reduce the statutory liquidity ratio (SLR) is credit positive for banks as it would help them manage liquidity and increase profitability, Moody's Investors Service said today.

RBI keeps rate unchanged; hopes banks will cut lending rates

Last Updated: Tuesday, February 3, 2015, 22:41

Awaiting cues from the Budget, RBI Governor Raghuram Rajan left interest rate unchanged saying there was no case for a reduction now.

RBI keeps interest rate unchanged, EMIs on loans to remain same

Last Updated: Tuesday, February 3, 2015, 11:01

The Reserve Bank of India (RBI) on Tuesday kept the short-term indicative policy rate (repo rate) unchanged at 7.75 percent at its sixth bi-monthly monetary policy review.

RBI panel says abolish SLR norm gradually

Last Updated: Tuesday, January 7, 2014, 21:50

Statutory liquidity ratio refers amount that commercial banks require to maintain in the form of gold or government approved securities before providing credit to the customers.

TIMELINE: Changes to SLR for banks since 1949

Last Updated: Wednesday, December 18, 2013, 12:57

Here is a timeline on changes in the statutory liquidity ratio (SLR) since 1949.

South India important market for Nikon India: MD

Last Updated: Wednesday, September 11, 2013, 15:41

Nikon India distributes, markets and services complete range of Nikon imaging products.

RBI deregulates rates on NRI deposit, exempts it from CRR, SLR

Last Updated: Wednesday, August 14, 2013, 21:49

In a bid to attract foreign currency, the Reserve Bank Wednesday deregulated interest rates on NRI fixed deposit schemes and exempted such term deposits from CRR and SLR requirement.