Unveiling the package moments after the Reserve Bank of India slashed its key policy rates, the government said it was preparing to recapitalise state-run banks to the tune of twenty thousand crore rupees over the next couple of year to ensure the banking system does not suffer from capital adequacy constraints. Speaking on the actions, […]
Tag: Banking System
Growth may slow down
November 10, 2008 – 5:17 am
MUSCAT:Prime Minister Manmohan Singh on Sunday conceded that economic growth may slow down “somewhat” next year but said the fundamentals of the economy were strong and the banking system was safe and sound. Addressing the Indian diaspora and the business community at two functions on the second day of his two-nation tour, the Prime Minister […]
