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Economy

Andhra Bank sets Rs 10, 000 cr business target; credit to MSME to increase

Andhra Bank sets Rs 10, 000 cr…

Vijayawada, Apr 4 (KNN) The state owned Andhra Bank whose earnings for the year 2013-14 stood at Rs 8,156 crore is planning to increase credit to the MSME…
Investors reap rich rewards on BSE SME, market cap crosses Rs 6,000 cr

Investors reap rich rewards on BSE SME,…

Mumbai, Apr 3 (KNN) Investors trading in the BSE SME platform were rewarded in a handsome way as the market capitalisation of the firms listed and traded…
India's services sector output falls in March: Survey

India's services sector output falls in March:…

New Delhi, Apr 3 (KNN) India's private sector output shrunk for the ninth month in a row in March as the new orders fell, a HSBC survey said today. The…
Banks should issue gold metal loans only to jewellery manufacturers: RBI

Banks should issue gold metal loans only…

Mumbai, Apr 3 (KNN) In the backdrop of a few instances of fraud, the Reserve Bank of India (RBI) has clarified that banks should issue gold metal loans (GMLs)…
RBI asks banks to give overdraft on SB accounts

RBI asks banks to give overdraft on…

New Delhi, Apr 2 (KNN) Expressing disappointment over the poor quality of financial spread, despite Kissan credit cards and general credit cards, RBI…
New applicants to raise Rs 24.99 crore on BSE SME Platform

New applicants to raise Rs 24.99 crore…

Mumbai, Apr 2 (KNN)  BSE SME Platform which offers entrepreneurs an investor friendly environment, enabling the listing of SMEs scattered throughout India,…
RBI not to issue fresh NBFC licence for one year

RBI not to issue fresh NBFC licence…

Mumbai, Apr 2 (KNN) The Reserve Bank of India has said that it would not issue fresh NBFC licence for one year as the central bank is in the process of overhauling…
BSE SME touches kissing range of Rs 6,000 crore market cap

BSE SME touches kissing range of Rs…

Mumbai, Apr 1 (KNN)  Even as the RBI Governor, Raghuram Rajan kept the rate unchanged while announcing the first bi-monthly monetary policy, the small…
RBI advises banks to offer differential rates to MSEs

RBI advises banks to offer differential rates…

Mumbai, Apr 1 (KNN)  Retaining the policy interest rates unchanged and disappointing the industry, the RBI has advised the commercial banks to offer differential…
CBEC fixes USD 421 tariff value for gold import

CBEC fixes USD 421 tariff value for…

New Delhi, Mar 31 (KNN) The new rate for calculation of import duty for gold has been fixed at USD 421 per 10 grams and silver USD 644 per kilogram as per…

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