Percentage | Corporate Law Reporter

RBI revises Bank Rates

RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More

Tags: Bank Rate, Central bank, Interest, Liquidity Adjustment Facility, Monetary policy, Percentage, Repurchase agreement, Reserve requirement

Sectoral Deployment of Bank Credit December 2013

Data for the month of December 2013 on sectoral deployment of credit collected from select 47 scheduled commercial banks accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks are set out in Statements I and II. These data are also available in the Real-Time Handbook of Statistics… Read More

Tags: Airline, Business, Credit, December 2012, Financial services, Non Banking Financial Companies, Non-banking financial company, Percentage

RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2013’

The Reserve Bank of India today released on its website ˜Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, September 2013'. The publication contains data on spatial distribution of aggregate deposits and gross bank credit of scheduled commercial banks including regional rural banks (RRBs) based on Basic Statistical Return (BSR)-7 as on last Friday… Read More

Tags: Credit (finance), Deposit account, Financial services, India, Percentage, Reserve Bank of India, September 2013, State Bank of India

India™s Foreign Trade: September, 2013

EXPORTS (including re-exports) Exports during September, 2013 were valued at US $ 27679.33 million (Rs. 176461.53 crore) which was 11.15 per cent higher in Dollar terms (29.77 per cent higher in Rupee terms) than the level of US $ 24902.00 million (Rs. 135978.63 crore) during September, 2012. Cumulative value of exports for the period April-September 2013 -14… Read More

Tags: April-September 2013, Balance of trade, Export, India, Percentage, Petroleum, Rupee, September 2012

Changes in Bank Rate

RBI/2013-14/315 Ref:DBOD.No.Ret.BC. 58/12.01.001/2013-14 October 07, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 2013. 2. All penal interest… Read More

Tags: Bank Rate, Basis point, Business, Financial services, Interest rate, Percentage, Percentage point, Reserve requirement

RBI Reduces Marginal Standing Facility Rate

RBI/2013-2014/314 FMD.MOAG. No.88/01.18.001/2013-14 October 07, 2013 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Marginal Standing Facility As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect. 2. All other terms and conditions of the current… Read More

Tags: Banks, Basis point, Commercial bank, Marginal Standing Facility, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in

Adjustment in Bank Rate

As part of the measures announced today by the Reserve Bank to improve liquidity conditions, the marginal standing facility (MSF) rate has been reduced by 50 basis points from 9.5 per cent to 9.0 per cent with immediate effect. Accordingly, the Bank Rate also stands adjusted to 9.0 per cent with immediate effect. Alpana Killawala… Read More

Tags: Bank Rate, Basis point, Central bank, MSF, Percentage, Repurchase agreement, Reserve Bank, Reserve Bank of India

RBI Announces Measures to Improve Liquidity Conditions

Starting with the Mid-Quarter Review of September 2013, the Reserve Bank of India (RBI) began a calibrated withdrawal of exceptional measures undertaken since July 2013. This was done with a view to normalising liquidity conditions. Accordingly, the marginal standing facility (MSF) rate was reduced by 75 basis points from 10.25 per cent to 9.5 per… Read More

Tags: Basis point, Floating interest rate, Market liquidity, MSF, Percentage, Repurchase agreement, Reserve Bank of India, Run batted in

Change of Bank Rates

RBI/2013-14/282 Ref:DBOD.No.Ret.BC. 56 /12.01.001/2013-14 September 20, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our Circular DBOD.No.Ret.BC.31/12.01.001/2013-14 dated July 15, 2013 on the captioned subject. As announced in the Press Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to… Read More

Tags: Bank Rate, Basis point, Business, Financial services, Interest rate, Percentage, Percentage point, Reserve requirement

India™s Foreign Trade report for August, 2013

EXPORTS (including re-exports) Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14… Read More

Tags: April-August, Balance of trade, Business, Export, India, Percentage, Petroleum, Rupee

Direct Tax Collections for August Quarter up by 14.43%

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 11.72 percent and stood at Rs. 1,08,075 crore as against Rs. 96,738 crore in… Read More

Tags: Corporate tax, Direct tax, Fiscal year, Income tax, Percentage, Rupee, STT, Wealth tax

Railway Revenue Earnings up by 10.74 Per Cent During April – July 2013

The total approximate earnings of Indian Railways on originating basis during 1st April to 31st July 2013 were Rs. 44260.16 crore compared to Rs. 39969.24 crore during the same period last year, registering an increase of 10.74 per cent. The total goods earnings have gone up from Rs. 27924.26 crore during 1st April 31st July… Read More

Tags: April-July 2013, Bombay Stock Exchange, Conferences, Fiscal year, Indian Railways, Net profit, Percentage, Rupee

India™s Foreign Trade: July, 2013

EXPORTS (including re-exports) Exports during July, 2013 were valued at US $ 25834.46 million (Rs. 154426.51 crore) which was 11.64 per cent higher in Dollar terms (20.25 per cent higher in Rupee terms) than the level of US $ 23140.43 million (Rs. 128417.33 crore) during July, 2012. Cumulative value of exports for the period April-July 2013 -14… Read More

Tags: Balance of trade, Export, July 2012, July 2013, Percentage, Petroleum, Reserve Bank of India, Rupee