Choose From Here

Wednesday, 15 October 2008

Govt provides Rs 25K to financial institutions (Breaking News)

NEW DELHI: Close on the heels of major liquidity infusions by central banks around the world, the Reserve Bank of India, on Wednesday, has decided to provide Rs 25,000 crores for lending to financial institutions. Out of this Rs 7,500 crores will be provided to commercial banks and Rs 17,500 to Nabard.

Announcing the move, Finance Minister P Chidambaram said the governmnet will provide farm loan waiver of Rs 250 billion to banks immediately.

Source : ET

No comments:

Custom Search

Enter your email address:

Delivered by FeedBurner

Subscribe to Where We Live... by Email