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	RBI increased Repo Rate to 5.75%, Reverse Repo Rate to 4.50%
	The Reserve Bank today raised its key interest rates today 27 July 2010 from 5.5% to 5.75% and the reverse repo rate from 4 to 4.50% to check double digit inflation and predicted dearer interest regime, but banks said they would wait for now. The increase will be effective immediately. Read
	By: Amit\| Place: New Delhi\| 27 Jul 2010\| Indian Banking::\| View 20

	RBI asks banks to increase deposit mobilization efforts
	The days of easy liquidity are over.The Reserve Bank of India (RBI) has asked banks to increase their deposit mobilisation efforts, saying the ‘easy liquidity’ conditions of last year won’t return as monetary tightening may be continued to tackle rising prices. Read
	By: Source: Business Standard\| Place: New Delhi\| 26 Jul 2010\| Indian Banking::\| View 30

	Govt approved Indian Rupee special symbol
	The symbol of the Indian currency approved by Government of India after a long scrutiny and scanning over 3,000 entries, which will differentiate it from currencies used in countries such as Pakistan, Nepal, Sri Lanka and Mauritius. Read
	By: Source: Business Standard\| Place: New Delhi\| 16 Jul 2010\| Indian Banking::\| View 145

	State Bank of Indore s merger with SBI approved by cabinet
	The Cabinet on 15 July,2010 cleared the merger of State Bank of Indore with its parent State Bank of India (SBI), a move that would help the country s largest lender scale up operations and cut costs. Read
	By: Source: Business Standard\| Place: New Delhi\| 16 Jul 2010\| Indian Banking::\| View 102

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