Latest News on 20th September 2013 Continues 1. New modifications - TopicsExpress

Latest News on 20th September 2013 Continues 1. New modifications by new RBI Governor Raghuram Rajan Bank rate: 9.50% Repo rate: 7.50% Reverse repo rate:6.50% MSF rate: 9.50% CRR: 4% SLR: 23% 2. HUDCO ( Housing and Urban Development Corporation Ltd.) launches HuNNY for small towns and cities. 3. TV Narendran appointed new Tata Steel MD for India, South East Asia. Narendran will succeed incumbent H M Nerurkar, who is retiring on October 31 upon attaining the age of superannuation. 4. Banks have been given conditional freedom to open branches in tier-I cities without seeking the Reserve Bank of India’s prior approval in each case.

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