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For 1H 2005-06, India recorded a current account deficit of US$12.96bn.

and Foreign Exchange Reserves India's total external debt as of end-September 2005 stood ... to international capital markets improved during the year. India’s foreign exchange reserves stood at US$141.5bn as on March 31, 2005. At end-March 2005, India held the fourth largest stock of international reserve assets ...

18/05/2010 - 12:49 - comment 0

Mobile banking is the future for the UAE's banks

countries in the world's online banking sector, according to a technology study. Will it be virtual banking for all in the future? Mobile banking is following a similar usage curve to online banking, with the UAE, China, and India leading in adoption. In emerging markets, mobile ...

27/07/2014 - 02:41 - comment 0

India gains interest in Islamic banking

banking in the country. The Ministry of Finance recently asked the Reserve Bank of India (RBI) ... banking in the country. The Ministry of Finance recently asked the Reserve Bank of India (RBI) ... East, it was in India’s interest to introduce Islamic banking. An official of the National Committee ...

20/08/2012 - 09:49 - comment 0

Growing interest? The state of Islamic banking in India

as the US and the UK allow Islamic banking (see Simplifying Islamic Banking ). In 2005, the Reserve Bank ... Majeed Zubair, Dean at Hyderabad's Institute of Islamic Banking and Finance, says India ... . Copyright © 2013 India Today Group. All Rights Reserved. (yet open) ...

06/08/2013 - 07:49 - comment 0

India is about to pay Iran half a billion dollars, and that's the 'tip' of the oil deal

that are initially channeled through the Reserve Bank of India. On receipt of the funds from refiners, the RBI ... payments in rupees in an Indian bank. Iran uses these funds to pay for imports from India. The payments ... million by  India  was to be made in September, the sources said. It was not immediately clear why ...

19/10/2014 - 13:01 - comment 0

Gold 'reserves' its spot at over $1640 in time for Federal meeting

Ahead of Federal Reserve meeting on pro-growth ... forward the US Federal Reserve meeting on Tuesday and Wednesday for further signals on QE3 to bolster economic growth. Investors are also eyeing the European Central Bank meeting on Thursday for pro-growth ...

30/07/2012 - 13:54 - comment 0

India faces a challenging year in 2012, says Bank Sarasin

the Reserve Bank of India (RBI) will find macroeconomic management more difficult. Inflation in India proved ... with the result that the downturn in India will be stronger than in the rest of Asia. However, the central bank’s ... flows, the global banking system, and the financial and capital markets and hence it is very important ...

Press Release - 18/01/2012 - 09:53 - comment 0

If only they'd treat their workers better: Saudi Arabia, India formalize $750 million investment fund

Banking & Finance, Main headlines, Saudi Arabia) Saudi Arabia and India have formalized ... "Returns on infrastructure in India are among the highest in the world,” the sources told HT. Saudi Arabia and India have ...

20/03/2014 - 05:00 - comment 0

Why India is likely to re-emerge as the UAE's top trade partner

for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US. The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.  India, which is on track to become the world’s ...

17/09/2014 - 15:56 - comment 0

IDBI Bank Ltd, India’s Leading Bank Receives Licence to Operate from DIFC

 IDBI Bank Ltd., one of India’s leading banks, has received a licence from the Dubai Financial ... of its Indian clientele but also of clients in the Middle East.  IDBI Bank is India’s leading ... synergistic partnerships between the banking and financial sectors of India and the UAE.   As one of India’s ...

03/06/2010 - 09:41 - comment 0