Tuesday 16 February 2016

ECONOMIC NEWS ROUND UP 16/2/2016

Market Data:
net sell shares worth Rs 964.2 cr on Feb 16 (prov)
net buy shares worth Rs 590.7 cr on Feb 16 (prov)


Provident Fund interest rate raised to 8.8% from 8.75%

S&P cuts outlook on Bank of India to Negative from Stable.

Saudi Oil Min: Freezing output at Jan 11, 2016 level adequate

Chairman: to rise in Jan-March, may hit profits. Will see how to deal with NPA situation after March.

RBI and SC crackdown on debt write offs by banks

RBI To Review Banks' Culture Towards Customer Service

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