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Fetched: October 11th, 2008, 7:58am EDT
Finance Minister P Chidambaram on Saturday expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country's economic fundamentals and the banking system were strong.
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Fetched: October 11th, 2008, 7:58am EDT
Corporate air travel in the country was likely to decline in the wake of the financial meltdown in the US and some European economies, a top Indian airline official said.
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Fetched: October 11th, 2008, 7:58am EDT
Dismissing fears of global financial crisis impacting India, the International Monetary Fund has said that the country's economy will continue to perform well.
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Fetched: October 11th, 2008, 7:58am EDT
D Subbarao said Indian banks have some exposure to the distressed financial instruments, but this is very small compared with the overall size of the business.
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Fetched: October 10th, 2008, 10:42pm EDT
Sensex concluded the worst week in its history, shedding almost 2,000 points and wiping out investor wealth worth Rs 6.6 lakh crore in just four trading sessions.
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Fetched: October 10th, 2008, 10:42pm EDT
On Friday, when Sensex plunged by almost 1,000 points to 10,300, RBI swung into action and announced a one percentage point cut in the cash reserve ratio.
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Fetched: October 10th, 2008, 10:42pm EDT
The 'interest war' by banks to draw customer interest to their product features, seems to be paying off.
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Fetched: October 10th, 2008, 10:42pm EDT
The performance of some of the government-owned banks in suggest the strength of the Indian financial market.
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Fetched: October 10th, 2008, 10:42pm EDT
According to latest RBI data, the total NRI deposits during the fortnight ending on July 18, 2008 increased be over Rs 3,000 crore from Rs 59,000 crore to Rs 63,081 crore.
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Fetched: October 10th, 2008, 10:42pm EDT
Asserting that inter-bank borrowing rate had hit a high of 24%, ICICI Bank on Friday rued for being singled out for borrowing at market rate for short term.