Thursday, July 17, 2025

Banks' aversion to higher interest may hurt India plan to draw out gold stocks

Last Updated: Saturday, August 22, 2015, 14:55

Indian lenders do not want to raise interest on gold deposits much beyond 1 percent, bankers said, which could derail a government plan to cut massive imports by mobilising tonnes of gold now stored in households and temples.

PM to brainstorm with bankers on PSB reforms on Jan 3

Last Updated: Wednesday, December 24, 2014, 12:48

Prime Minister Narendra Modi will hold discussions with bankers on January 3 at Pune to draw an "action plan" for reforms in the public sector banks (PSBs).

Rupee pain may force RBI to maintain status quo: Bankers

Last Updated: Sunday, July 28, 2013, 14:19

A rate cut to prop up sagging growth is unlikely when the Reserve Bank unveils the first quarter monetary policy review on July 30 as focus will be more on supporting the battered rupee, said bankers and economists.