India's inflation rate surges past 12 percent, credit tightening seen India's wholesale price index (WPI)-based inflation rate has surged past the psychological 12 percent mark, to hit a record 13-year high of 12.01 percent in the 12 months to July 26, higher than previous week's figure of 11.98 percent, government data showed on Thursday, sparking worries that there would be no respite from tightening monetary policy. 08 Aug 2008
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Get ready to pay more: Banks hike prime lending rates Close on the heels of India's central bank's move of hiking interest rates, many public and private sector banks have raised benchmark lending rate which would make corporate, home, personal and auto loan costlier, slowing down credit demand. 01 Aug 2008
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RBI's repo rate, CRR hike set to make loans dearer, hurt investments Sacrificing economic growth, India's central bank, the Reserve Bank of India's (RBI) hiked the repo rate, or the key lending rate at which the central bank lends funds to commercial banks, and the cash reserve ratio (CRR) or the proportion of reserves the commercial banks must keep with the central bank, to 9 percent each on Tuesday to tame inflation. 30 Jul 2008
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RBI's move to contain inflation, slow down credit growth: FinMin India's finance ministry said on Tuesday it expects that the central bank's decision of hiking its key lending rate by 50 basis points and banks' cash reserve requirements by 25 basis points would slow down credit growth and moderate inflation. 30 Jul 2008
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SBI net profit up 15 percent in Q1 FY09 on higher credit growth, fee income India's largest bank, the state-run State Bank of India (SBI) has reported a 15 percent rise in net profit for the fiscal quarter ended June 30, 2008, despite higher interest rates, attributing the rise to higher credit growth, fee income. 28 Jul 2008
HDFC posts 26 percent rise in net profit in Q1 of FY09 India's largest mortgage lender, Housing Development Finance Corporation or HDFC has reported a 26 percent growth in net profit for the fiscal quarter ended June 30, 2008. 17 Jul 2008
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Double Whammy: RBI's move set to hit India Inc., consumers The sudden hike in key interest rate and commercial banks' mandatory reserve requirements by 50 basis points (bps) by the central bank of India has unnerved both corporate leaders and consumers. 26 Jun 2008
Are you inflation-proof? Tips on weathering the storm There are dark clouds looming on the horizon. Double-digit inflation rate and record high global crude oil prices, which refuse to see south, are the consumer's (and any government's) worst nightmares. 22 Jun 2008
