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Posted Date : 18-Dec-2012 , 01:55:18 pm | Posted By CASANSAAR
The RBI left its key interest rates unchanged as expected on Tuesday but said policy focus was shifting towards growth, reiterating its October guidance of further easing in the first quarter of 2013 as inflation was seen cooling. "In view of inflation pressures ebbing,&nbs...
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Posted Date : 17-Dec-2012 , 09:23:22 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday allowed property developers to borrow money overseas through external commercial borrowing (ECB) for funding low-cost housing projects. Housing finance companies can also avail of ECB for financing prospective owners of low-cost housing units, the...
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Posted Date : 06-Dec-2012 , 07:21:30 am | Posted By CASANSAAR
The Reserve Bank today fixed the reference rate of the rupee for the US dollar at 54.5690 and the euro at 71.5 as against 54.9 a dollar and 71.7 a euro as on Tuesday.In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 87.9 a pound and 66.3 per ...
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Posted Date : 27-Nov-2012 , 08:53:25 am | Posted By CASANSAAR
The Reserve Bank of India ( RBI) has relaxed overseas borrowing rules for successful bidders in the country's cellphone airwaves auction, making it easier for them to raise money to pay the cash-strapped government. The RBI said on Monday the winning bidders could use short-t...
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Posted Date : 26-Nov-2012 , 08:56:23 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Sunday said it will soon allow Aadhaar card as an identity proof for banking transactions that will enable banks to ease the KYC (know-your-customer) process for millions of customers. The central bank will soon issue a circular allowing the use of the Aadhaar as ...
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Posted Date : 20-Nov-2012 , 09:15:29 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday notified a total ban on banks from advancing any loans to its customers for purchasing gold in any form, which includes primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds ( ETF) and units of gold mutual funds.&nb...
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Posted Date : 14-Nov-2012 , 08:45:08 am | Posted By CASANSAAR
At a time when the risks from unhedged foreign currency exposure of companies has emerged as a big scare for the banking sector, theReserve Bank of India (RBI) has directed banks to furnish action taken reports on the issue before end-December 2012. The direction on filing th...
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Posted Date : 09-Nov-2012 , 08:20:07 am | Posted By CASANSAAR
The Reserve Bank today said the banks need to strengthen their due diligence and credit appraisal system along with overall monitoring mechanism to contain the rising bad assets seen in the banking system. "Banks need to, not only utilise effectively, the various measures put in plac...
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Posted Date : 08-Nov-2012 , 08:08:02 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday said banks should fix a lower limit for their IBL (inter-bank liability). “The IBL of a bank should not exceed 200 per cent of its net worth as on March 31 of the previous year. However, individual banks may, with the approval of their board ...
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Posted Date : 07-Nov-2012 , 08:49:51 am | Posted By CASANSAAR
The Reserve Bank today asked non- banking financial companies (NBFCs) to replace post-datedcheques issued to them by customers with new standardised cheques with improved security features.NBFCs accept post-dated cheques from their customers for future monthly installment payments. For the...
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Posted Date : 07-Nov-2012 , 08:27:52 am | Posted By CASANSAAR
The Reserve Bank of India, RBI, may ease monetary policy as early as January as price pressures ease in Asia's third-largest economy in the first part of next year on the back of slower growth. RBI Governor Subbarao said this on Monday. Growth in India has slumped to around 5.5 p...
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Posted Date : 03-Nov-2012 , 08:53:28 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has modified the definition of sickness and a procedure for assessing the viability of sick micro and small enterprises (MSEs). According to a notification issued by RBI on Thursday, “An MSE is considered sick when any of the borrowal account of the en...
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Posted Date : 30-Oct-2012 , 11:47:10 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday cut the cash reserve ratio (CRR)by 25 basis points to 4.25%, but kept the key policy rates including the repo rate unchanged. The CRR cut is meant to inject Rs 17500 crore into the banking system. It is intended to pre-empt prospective liquidity c...
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Posted Date : 29-Oct-2012 , 11:14:52 pm | Posted By CASANSAAR
Indicating that a cut in interest rate is likely, the Reserve Bank has said despite high inflation it would take steps to support growth in the half- yearly review of monetary policy tomorrow. RBI said the Survey of Professional Forecasters has lowered the GDP growth projection to 5.7 per cen...
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Posted Date : 24-Oct-2012 , 06:02:37 pm | Posted By CASANSAAR
The Reserve Bank of India has allowed domestic companies to make payments to units in special economic zones in foreign currency for the services delivered by them. Earlier, this facility was allowed only for payments made for goods. The move assumes significance as the tax-free zones are losing she...
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Posted Date : 24-Oct-2012 , 08:31:21 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has eased norms for hedging currency risk for foreign institutional investors (FIIs) by allowing them to approach any authorised dealer bank to hedge currency risk on their stock market investments. Foreign institutional investors (FIIs) can approach any auth...
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Posted Date : 23-Oct-2012 , 06:09:45 am | Posted By CASANSAAR
RBI Deputy Governor Anand Sinha on Monday said the central bank is looking at a move under which a part of banks' statutory liquidity ratio (SLR) holdings can be treated in a way that it complies with liquidity norms under the Basel III capital requirements. Sinha said this at an event organised in ...
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Posted Date : 17-Oct-2012 , 07:38:27 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) is working with the government to set aside funds for buying illiquid gilts from the market. “Over a period of time we will have some budget where we will try to repair some of those securities in which volumes are low, and create volumes for those securities wh...
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Posted Date : 11-Oct-2012 , 07:35:25 am | Posted By CASANSAAR
Relaxing norms for foreign-owned NBFCs to open subsidiaries, the RBI today said such entities can now set up arms even if the overseas investment is less than 100 per cent. "NBFCs having foreign investment more than 75 per cent and up to 100 per cent and with a minimum capit...
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Posted Date : 04-Oct-2012 , 07:51:17 am | Posted By CASANSAAR
In a bid to remove problems faced by students in obtaining education loans, government was working on a scheme under which it would extend guarantee for advances upto Rs 7.5 lakh, RBI Governor D Subba Rao said on Wednesday. "There are grievances of students not getting loans or encountering...
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Posted Date : 28-Sep-2012 , 08:14:49 am | Posted By CASANSAAR
The Reserve Bank today extended the interest rate ceiling on export credit with overseas banks to six months. "It has been decided that the interest rate ceiling on lines of credit with overseas banks will continue to be six months Libor/Euro Libor/Euribor plus 250...
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Posted Date : 26-Sep-2012 , 09:35:36 pm | Posted By CASANSAAR
The Reserve Bank of India today said non-residents, including NRIs, can make investment in an Indian company at the face value of shares or debentures subject to compliance with FDI scheme."It has been decided that in cases where non-residents (including NRIs) make investment in an Indian company in...
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Posted Date : 24-Sep-2012 , 08:34:54 am | Posted By CASANSAAR
Next time you go to an ATM to withdraw cash, don't worry about the banknotes getting sucked back by the machine if not collected immediately, as RBI has asked all banks to immobilise the 'cash retraction facility'. At the same time, customers will have to be extra careful in collecting the ...
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Posted Date : 16-Sep-2012 , 08:49:24 am | Posted By CASANSAAR
Indian banks need to improve their systems and processes to identify early any stress on the quality of their loans, the Reserve Bank of India (RBI) said. "Asset quality of banks is one of the most important indicators of their financial health. However, it has been observed that existing MIS on th...
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Posted Date : 14-Sep-2012 , 08:38:25 am | Posted By CASANSAAR
The Reserve Bank has restricted Gandhinagar based non-banking financial institutionVishal Finlease Pvt Ltd from accepting public deposits for violation of guidelines. "The company - Vishal Finlease Pvt Ltd - has been stopped from accepting public deposits for violating RBIguideli...
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Posted Date : 14-Sep-2012 , 08:33:19 am | Posted By CASANSAAR
RBI has said that the central bank is focused on bringing down the cash component in the economy. Speaking to reporters in Mumbai today, RBI Deputy Governor H R Khan said that circulation of a large amount of cash in the economy leads to many problems and hence India should move towards a less cash ...
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Posted Date : 12-Sep-2012 , 08:25:33 am | Posted By CASANSAAR
In a bid to increase the foreign fund flow into the country, the Reserve Bank of India today hiked the maximum limit to $3 billion for foreign borrowers under the external commercial borrowing (ECB) norms. ECB refers to commercial loans in the form of bank loans, buyers' credit, suppliers' credit, ...
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Posted Date : 08-Sep-2012 , 09:21:22 am | Posted By CASANSAAR
On a day gold prices touched a new high, the Reserve Bank of India (RBI) urged the public against choosing gold as an asset for savings or investment. "Because interest rates are very low, people are investing in gold. But the poor should never invest in gold for whenever they ha...
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Posted Date : 22-Aug-2012 , 07:01:44 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday extended the guidelines on securitisation of standard assets (loans), which had earlier been issued to banks, to non-banking finance companies (NBFCs) also, stipulating that originating NBFCs can securitise loans only after it had been held by them for a mi...
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Posted Date : 14-Aug-2012 , 10:51:56 pm | Posted By CASANSAAR
Aiming to avoid concentration of credit risk, the RBI today proposed that a bank's exposure to its own group entities should not exceed 20 per cent of thepaid-up capital and reserves.In case of all non-financial services companies and unregulated financial services companies taken tog...
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Top Most RBI News On Casansaar Includes Latest News Details On Fema Forms,Fema Declaration,Updates On Reserve Bank Of India,RBI Circulars,Sebi,CA Firm.
