The Reserve Bank of India (RBI) checks local banks’ exposure to firms run by the founding family of fraud-hit Satyam Computer Services, with banking sources saying the focus was on property-related loans.

Banking regulator Reserve Bank of India (RBI) has assembled details of banks’ exposure to the Satyam Group.

The domestic equities market saw another day of plunge after a very unstable session. The investors’ were looking worried with the Satyam revelation and so was the market that groped for new range lows.

India’s auto component makers will possibly see the benefits of the government’s stimulus package and the Reserve Bank of India’s (RBI) rate reductions only three or four months hence when their customers clear surplus inventory, officials said.

Reserve Bank of India (RBI), the apex bank has bought 6.35 %, 2,024 oil bonds from Indian Oil Corporation (IOC) at Rs.100.98 or 6.2519 %.

The key benchmarks reinstated their composure after initial glitches and a great deal of jerkiness. Capital goods realty and consumer durables stocks were in demand while FMCG and oil & gas sectors were left behind though were trading on the higher side.

ADAG Company Reliance Communications (R-Com) is going to be the first company to buy back foreign currency convertible bonds (FCCBs) as the Reserve Bank of India (RBI) permits early buyback of such bonds through rupee resources as well.

As RBI reduces its key rate for the third time in two months, the realty stocks have gained impetus.

Recession seems to have taken a break as the much-talked about monetary stimulus package is out in the open. If reactions from industry captains are any sign, it has not lived up to the expectations.