- RBI Governor Subbarao blames Manmohan Singh govt for mess Indian rupee, economy is inFM P. Chidambaram will one day say 'thank God RBI exists, says D SubbaraoIn his last speech, RBI Governor Subbarao blames UPA for mess Indian rupee, economy is inD Subbarao: P. Chidambaram will one day say 'thank God RBI exists'
HDFC Bank said it is planning to open over 300 branches across the country and hire 1,000 to 2,000 people as part of its expansion programme in the current fiscal. "We have submitted our plans to RBI for approval,Ē bank's Country Head (Branch Banking) Navin Puri told reporters here.
Short R positions at five-year high: Poll
Short positions in rupee hit the largest levels since the global financial crisis in 2008 during the last two weeks as sentiment deteriorated, a Reuters poll showed. Bearish bets on the rupee increased to the highest since October 2008, according to a Reuters survey of 12 currency analysts published on Thursday.
ING Vysya Bank revises deposit rates
ING Vysya Bank has revised deposit rates by 25 to 50 bps across different tenures with effect from August 28. The bank increased interest rates by 30 bps for deposits maturing between 180 to 364 days and for deposits maturing between 3-5 years, rates went up by 25 bps while for 5 -10 years by 50 bps .