| Banks revise FCNR(B) deposit rates
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 deposit rates.jpg) To raise more foreign currency resources from Indians abroad, commercial banks have revised rates on dollar- and pound sterling-denominated term foreign currency deposits for some ...
Posted On : 03 Jan 12
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| RBI issued draft guideline
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 In order to strengthen risk management mechanism, the Reserve Bank of India (RBI) issued draft guideline envisaging that the equity capital of a bank should ...
Posted On : 02 Jan 12
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| REC to $500 million to maintain the government ...
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 Rural Electrification Corporation (REC), which initially planned to raise $1 billion through foreign currency convertible bonds (FCCBs), would now be able to raise only $500 ...
Posted On : 30 Dec 11
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| SBI and Kotak Mahindra raised interest rates
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 State Bank of India (SBI) and Kotak Mahindra Bank raised interest rates on non-resident deposits. SBI said interest rates on non-resident (external) rupee (NRE) term ...
Posted On : 28 Dec 11
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| RBI to issue special Rs.5 coins
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 New Delhi : The Reserve Bank of India Tuesday said it will shortly circulate coins of Rs.5 denomination to commemorate 100 years of civil aviation ...
Posted On : 28 Dec 11
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| RBI to buy government securities
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 To tide over the liquidity crisis, the Reserve Bank of India (RBI) announced it would purchase government securities worth Rs 12,000 crore on Thursday through ...
Posted On : 28 Dec 11
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| Several banks hike NRE deposit rates
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 More banks have entered the race to attract overseas Indians' money after a dollar-starved Reserve Bank freed the rates on non-resident external accounts, offering interest ...
Posted On : 26 Dec 11
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| RBI imposed penalties on 19 commercial banks
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The Reserve Bank of India (RBI) has imposed penalties on 19 commercial banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank and Citibank, ...
Posted On : 23 Dec 11
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| PFC to introduce tax free bond
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Taking advantage of falling yields, the Power Finance Corporation (PFC) would look to raise Rs 4,000 crore through tax-free infrastructure bonds in the last week ...
Posted On : 23 Dec 11
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| RBI deregulates interest rates on non-resident ...
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 The Reserve Bank of India (RBI) on Friday deregulated interest rates on non-resident external rupee deposits and ordinary non-resident accounts, to provide greater flexibility to ...
Posted On : 17 Dec 11
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| Irda to develop electronic re-insurance platform
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 The Insurance Regulatory Development Authority (Irda) said it would take steps to introduce an electronic re-insurance platform for insurers and both Indian and foreign re-insurers. ...
Posted On : 17 Dec 11
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| Nomura, Credit Suisse and Morgan Stanley shed ...
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 Slowing growth in home markets, rising cost pressures and a worsening macro-economic environment have prompted global financial services firms such as Nomura, Credit Suisse and ...
Posted On : 13 Dec 11
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According to a senior official of Reserve Bank of India (RBI) banks need to have technology enabled processes to earn full faith on the customers ...
New Delhi : The Central Board of Excise and Customs (CBEC) has extended the last date for submission of half-yearly service tax returns by ten ...
MetLife India Insurance launches Smart Child plan, Met Smart Child plan. It is a regular premium unit-linked child plan from MetLife India Insurance Company. The ...
Barclays Finance, the non-banking finance arm of Barclays Corporate in India, plans to close the majority of its branches in the country, as part of ...
Arthveda Fund Management, a DHFL group company, has launched Arthveda Star Fund. This 200-crore fund, with a greenshoe option to raise an additional 100 crore, ...
Private sector banks may have their branches statutorily audited by an RBI-approved panel, on the pattern of public sector bank audits, if the central bank ...
The Reserve Bank today said it bought government bonds worth Rs 8,790 crore, out of the scheduled Rs 10,000 crore, through open market operations (OMOs) ...
The Reserve Bank of India (RBI) on Wednesday said banks could use their excess holdings under the statutory liquidity ratio (SLR) to borrow funds from ...
Mid-sized private banks are looking to strengthen their non-resident deposit bases by offering higher rates. This follows the Reserve Bank of India (RBI) deregulating interest ...
After more than a year, the Reserve Bank of India (RBI) has started offering new branch licences to foreign banks that have a large network ...
Mumbai's residential societies that have not been able to ink redevelopment deals with builders could now turn to banks for assistance. Banks are willing to ...
Private insurers that have been operating for more than 10 years would be allowed to open branches and set up insurance joint ventures, including subsidiaries, ...
