Published Jun 30 2012 by

Sovereign downgrade could increase borrowing costs for banks abroad, RBI

India's central bank, the Reserve Bank of India (RBI) has said that a cut in credit rating of the sovereign could increase the cost of borrowing money from international markets for the Indian banks.

The remarks come following downgrades announced by Fitch and Standard & Poor's. Analysts at Fitch have downgraded some of India's largest...

Share this 


...more than a year. "A change in the current external rating of the country could have 'cliff effects', impacting both, the availability and the cost of foreign currency borrowing for Indian banks and firms" the RBI said in a report...

Related Stories

First reported 41 mins ago - Updated 9 mins ago - 2 reports

Narendra Modi delivers speech during election campaign in India

India's main opposition Bharatiya Janata Party's prime ministerial candidate Narendra Modi (R) reacts during an election campaign in Assam, India, April 19, 2014. (Xinhua/Stringer) 1 2 1 2 ... [Published Xinhua News Agency - 9 mins ago]
First reported 13 hours ago - Updated 5 hours ago - 2 reports

India lose to Netherlands 1-2

The Indian hockey team lost 1-2 to the Netherlands in the last match of their preparatory tour to Europe here Saturday. India started off well by scoring the first goal in only the second minute. ... ... [Published Big News Network - 5 hours ago]
Entities: Netherlands, India
First reported 8 hours ago - Updated 8 hours ago - 2 reports

’This election, Internet will impact urban India. Next polls, it won’t be urban India, but India’

Google India Managing Director Rajan AnandanIn this Idea Exchange moderated by Deputy Editor Subhomoy Bhattacharjee, Google India Managing Director Rajan Anandan talks about the impact of the Internet on urban voters, data requests the company gets from ... [Published Indian Express - 8 hours ago]
First reported Apr 18 2014 - Updated 16 hours ago - 4 reports

India's forex reserves rise to $309.44 bn

Mumbai, April 19 (IANS) India's foreign exchange (forex) reserves rose by $2.79 billion to $309.44 billion for the week ended April 11, Reserve (RBI) data showed.There was a sharp jump in foreign currency assets.According to the RBI's weekly statistical ... [Published Sify - 16 hours ago]
First reported Apr 18 2014 - Updated Apr 19 2014 - 2 reports

Onvia Inc. Stock Downgraded (ONVI)

If your browser does not automatically forward you to, please click here. ... [Published - Apr 19 2014]
Entities: Onvia Inc, Downgrading
First reported Apr 18 2014 - Updated Apr 18 2014 - 6 reports

India US poised on more collaborative path Envoy

India and the United States are today positioned to embark on a more closely collaborative path with growth in India providing it new impetus, according to Indian ambassador S. Jaishankar. "The ... ... [Published Big News Network - Apr 18 2014]
Entities: India, United States
First reported Apr 18 2014 - Updated Apr 18 2014 - 3 reports

4/18/2014: TENDERS: IMF bullish on India’s growth story

NEW DELHI: Sounding bullish about India, International Monetary Fund (IMF) expects country’s economic growth to move up to 5.5% in the current fiscal and 6.25% in the next fiscal, its senior resident representative Thomas J Richardson said. ... [Published Hindustan Times - Apr 18 2014]


sort by: Date | Relevance
Disarmament is for wimps. Go get your nukes if ... [Published Times of India Blogs - 2 hours ago]
All my life I have opposed nuclear bombs. I have argued that such bombs are basically unusable; that, instead of ensuring security, they risk escalation of small conflicts into disasters; and that they lead to undesirable macho foreign policies. Most ...
Will India vote for equality or economic growth? [Published Times of India Blogs - 2 hours ago]
As the general election of 2014 enters its final phase, the electorate is being asked to choose between two very different sets of priorities. The BJP-led National Democratic Alliance is offering the country the strong and decisive leadership of Narendra ...
The world around us – [Published MaritimeSecurity.Asia - 6 hours ago]
A LOT is happening around us, both in our immediate neighbourhood, as well as further afield, that has not just geopolitical, strategic or military underpinnings, but potentially far-reaching economic ramifications as well. Beyond a small circle of ...
Rare Good News For Gender Rights In India [Published The Young Turks - YouTube - 9 hours ago]
<a style="font-size: 15px; font-weight: bold;font-decoration: none;" href=""&gt;Rare Good News For Gender Rights In India "India's top court on Tuesday issued a landmark verdict recognizing ...
This Dancing Poop Will Teach India’s Poor How T... [Published - 9 hours ago]
This video about an army of evil, dancing turds is no joke. It’s part of a targeted campaign by UNICEF that addresses one of India’s biggest public health problems – the widespread practice of public defecation. The series of videos, online games and ...
1 2 3 4 5 6 7 8 9 10 ...


sort by: Date | Relevance
The art, and science, behind the world's larges... [Published Reuters Video: Business - Apr 14 2014]
Why Are So Many Babies Dying at This Hospital i... [Published Slate Magazine - Apr 11 2014]
India elections - phase 3 [Published Reuters Video: Top News - Apr 10 2014]
Fed minutes push back Wall St. hike clock [Published Reuters Video: Business - Apr 09 2014]
Breakingviews: What investors want out of India... [Published Reuters Video: Business - Apr 08 2014]
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

sort by: Date | Relevance
Indian Banking Industry Market Trends and Outlo... [Published Financial Services - Apr 17 2014]
Sanitary Hardware Market in India [Published Financial Services - Apr 17 2014]
Fitch: Coca-Cola Amatil's Earnings Downgrade Wi... [Published Fitch Ratings Headlines Corporate - Apr 16 2014]
Repligen Corporation Set to Join the S&P SmallC... [Published Financial Services - Apr 15 2014]
S&P has affirmed the AAA rating of Municipality... [Published GlobeNewswire: Acquisitions News - Apr 15 2014]
1 2 3 4 5 6 7 8 9 10 ...
Contact Us

Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.