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Posted Date : 20-Dec-2011 , 08:06:30 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) today allowed microfinance institutions (MFIs) to raise up to $10 million through external commercial borrowings (ECBs), as against the earlier limit of $5 million, a move that will widen their fund raising sources. "Considering the specific needs of the micr...
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Posted Date : 16-Dec-2011 , 07:56:04 am | Posted By CASANSAAR
The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations. It has imposed restrictions with immediate effect on forward trading in the local currency by Foreign Institutional Investors and traders and capped banks exposure to the forex market.The Reserve ...
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Posted Date : 14-Dec-2011 , 07:56:51 am | Posted By CASANSAAR
The issue of getting a level-playing field for urban co-operative banks vis-à-vis commercial banks with regard to raising capital and lowering the threshold for statutory investments will be taken up at a meeting of the Reserve Bank of India's standing advisory committee next week. Currently...
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Posted Date : 13-Dec-2011 , 07:47:03 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday for the first time imposed a cap on banks' direct or indirect equity investments in non-financial service companies, seeking to make banks focus more on their core business. The rules cap equity investments by banks in a non-financial services entity at ...
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Posted Date : 03-Dec-2011 , 08:41:31 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has put out guidelines for a new category of non-banking finance companies (NBFCs), which would be involved only in micro lending. NBFCs which have minimum net owned funds of up to `5 crore and over 85% of their net assets in the nature of ‘qualifying assets&rs...
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Posted Date : 02-Dec-2011 , 06:32:07 pm | Posted By CASANSAAR
The Reserve Bank of India on Friday directed primary urban cooperative banks not to make payments on cheques and other financial instruments that are over three months old, with effect from April next year. "RBI directs that with effect from April 1, 2012, banks should not make payment of chequ...
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Posted Date : 24-Nov-2011 , 08:51:02 am | Posted By CASANSAAR
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits In view of the prevailing market conditions, it has been decided that until further notice and with effect from close of business in India as on November 23, 2011, the interest rates on Non- Resident (Exter...
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Posted Date : 22-Nov-2011 , 08:28:50 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday issued guidelines to allow banks and non-banking financial companies (NBFCs) to sponsor infrastructure debt funds (IDFs), to support long-term finance in infrastructure. The same are based on the parameters RBI had issued in September. IDFs may be set up eit...
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Posted Date : 17-Nov-2011 , 08:23:10 am | Posted By CASANSAAR
The Reserve Bank of India said it will buy government bonds worth 10,000 crore from investors for the first time this fiscal, aiming to ease pressure on interest rates after three of the four bond sales this quarter did not have enough takers at the specified price.The move to ease the pressure o...
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Posted Date : 15-Nov-2011 , 08:25:10 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday raised concerns on rising bad loans of Indian banks, especially money given to infrastructure, retail and real estate companies, and said banks are likely to feel more pain from such loans in a high interest rate scenario unless they take “due care&rdq...
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Posted Date : 14-Nov-2011 , 09:45:02 pm | Posted By CASANSAAR
The Reserve Bank today said the global banking system is fraught with many uncertainties due to the ongoing sovereign debt crisis in Eurozone and asked for concerted action from both the developed and the emerging economies for its revival. ...
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Posted Date : 12-Nov-2011 , 08:23:18 am | Posted By CASANSAAR
The Reserve Bank today cancelled the licence of Solapur-based Nagari Audyogik Sahakari Bank Niyamit due to financial insolvency. "In view of the fact that Solapur Nagari Audyogik Sahakari Bank Niyamit had ceased to be solvent, all efforts to revive it in close consultation with the go...
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Posted Date : 10-Nov-2011 , 08:46:34 pm | Posted By CASANSAAR
The RBI has barred Sabarkantha-based Khedbrahma Nagarik Sahakari Bank from undertaking any major activities like granting fresh loans and making new investments till its financial position improves. "RBI has issued certain directions to the Khedbrahma Nagarik Sahakari Bank Ltd, Khedbrahma, Saba...
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Posted Date : 07-Nov-2011 , 03:25:28 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) is considering to what extent banks' holdings under the statutory liquidity ratio (SLR) can be used to meet capital requirements for Basel III global banking rules, a central banker said on Sunday. SLR or the proportion of deposits that banks need to invest in govern...
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Posted Date : 05-Nov-2011 , 08:35:23 am | Posted By CASANSAAR
Liberalising and rationalising the procedures and policies governing foreign direct investment (FDI) in India, the Reserve Bank of India (RBI) has said transfer of shares between Indians and non-residents will not require its permission in several key areas such as financial services....
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Posted Date : 03-Nov-2011 , 07:56:23 am | Posted By CASANSAAR
The Reserve Bank of India has allowed authorised money changers (AMCs), including banks, to open additional branches in metros without adhering to the old criteria of maintaining a ratio in number of branches in metro and non-metros cities. "In order to provide more flexibility to authorised per...
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Posted Date : 01-Nov-2011 , 08:28:20 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday raised the cap onindividual housing loan an urban cooperative bank (UCB) can disburse to Rs30 lakh from Rs25 lakh, reports PTI. The central bank also raised repayment period for such loans to 20 years. The housing loan limit ...
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Posted Date : 28-Oct-2011 , 05:34:54 pm | Posted By CASANSAAR
The Reserve Bank has imposed a penalty of Rs 5 lakh each on two cooperative sector lenders -- the Pravara Sahakari Bank and the Baroda Traders Co-operative Bank -- for violation of various norms. "RBI has imposed a monetary penalty of Rs 5 lakh on Pravara Sahakari Bank Ltd, Ahmednagar, Maharash...
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Posted Date : 25-Oct-2011 , 01:02:31 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday raised the repo rate by 25 basis points to 8.5 per cent. The rate hike is the 13th since early 2010 but the RBI said it was likely to hold off on further increases as it expects high inflation to ease beginning December. The central bank also deregulat...
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Posted Date : 24-Oct-2011 , 08:51:24 am | Posted By CASANSAAR
A sliding rupee, the government's deteriorating finances and the persistence of a cheap money policy in the West may prompt Reserve Bank of India (RBI) governor Duvvuri Subbarao to toughen his stance against the call for a pause in raising interest rates on Tuesday, despite a dozen increases sinc...
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Posted Date : 19-Oct-2011 , 07:08:40 pm | Posted By CASANSAAR
The Reserve Bank on Wednesday said Indians who have non-resident accounts in the country can now hold them in any currency which is fully convertible. The move is likely to help NRIs/Persons of India Origin as it will give them more options in the holding of accounts, and lessen the risk from ...
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Posted Date : 19-Oct-2011 , 08:31:24 am | Posted By CASANSAAR
The Government of India has appointed two more members on the Central Board of Directors of the Reserve Bank of India. The new Directors are: Shri Y.H. Malegam, who has been re-appointed from October 7, 2011 vice Shri H. P Ranina. Prof. M.V. Rajeev Gowda who has been appoin...
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Posted Date : 16-Oct-2011 , 09:18:21 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) enhanced the limit for retaining foreign currency abroad to 3,000 USD per transaction for exporters against the existing 500 USD.RBI in a statement issued in Mumbai on Friday said the decision has been taken for export related remittances received through Online Payme...
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Posted Date : 06-Oct-2011 , 07:14:31 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has provided an impetus to financial inclusion by liberalising money transfer across the country. The apex bank has issued guidelines to open up the formal banking channel to facilitate fund transfers of small value, subject to monthly ceilings and monitoring....
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Posted Date : 03-Oct-2011 , 08:04:52 am | Posted By CASANSAAR
The Reserve Bank is planning to make its Web interface more interactive with a presence on social networking sites like Twitter, blogs and other online discussion forums. The RBI is conducting a Web survey where it is asking the visitors to its website whether they would like features like discussi...
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Posted Date : 29-Sep-2011 , 08:29:17 am | Posted By CASANSAAR
The capital adequacy and net interest margins (NIMs) of non-banking finance companies (NBFCs) could be under pressure following the Reserve Bank of India issuing fresh guidelines on securitisation, according to the latest report of Standard Chartered Bank. The RBI on Tuesday disallowed credit enh...
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Posted Date : 28-Sep-2011 , 08:33:07 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday issued revised draft norms to regulate the growth in securitisation of bank loans. This may increase the securitisation of retail assets like home and consumer durables. The banking regulator has, for the first time, framed norms for bilateral sa...
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Posted Date : 16-Sep-2011 , 03:03:45 pm | Posted By CASANSAAR
All loans are set to become costlier, with the Reserve Bank on Friday hiking the key interest rate for the 12th time since March, 2010, by 25 basis points to rein in high inflation. With today's decision, the short-term lending (or repo) rate at which banks borrow from the RBI stands increased t...
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Posted Date : 14-Sep-2011 , 06:12:59 pm | Posted By CASANSAAR
Government on Wednesday said that Reserve Bank of India's policy of not interfering in the foreign exchange market is the proper way of correcting international imbalances. Speaking to reporters on the sidelines of a function in New Delhi, Secretary, Economics Affairs, R Gopalan said that exchange r...
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Posted Date : 07-Sep-2011 , 01:39:20 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has mooted the idea of lowering banks’ reserve requirements, which have remained high for the Indian banking sector. The move is aimed at making more resources available to market participants. “Currently, the cash reserve ratio and the statutory ...
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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.
