Your credit score plays a critical role in the loan approval process. Your credit score gives loan providers an indication of your capability to pay back a loan, based on your Credit Information Report (CIR). However, it is important to note that every loan provider, that uses the CIBIL TransUnion Score, has its own benchmark […]
The Authority proposes to issue the Regulations on Bancassurance Agents to be called as IRDA (Licensing of Bancassurance Agents) Regulations, 2011. Accordingly, the Authority has prepared the Draft Regulations for the same. In this regard, comments/suggestions of all stake holders on the Exposure Draft are invited.
PR No. 145/2011 SEBI Board meeting The Board met today in Mumbai and took the following decisions: 1. Business Responsibility Reports In order to assess fulfillment of the environmental, social and governance responsibilities of listed entities, it has been decided to mandate listed entities to submit Business Responsibility Reports, as a part of their Annual […]
The Insurance Regulatory and Development Authority has introduced a mobile application that enables one to compare insurance products and premium rates. The application currently lets users of mobile phones/devices with internet connectivity check and compare features of Unit Linked Insurance Policies (ULIPs) introduced on or after 1st September, 2010.
The following is the Exposure Draft of the limited revisions to Accounting Standard (AS) 10, Accounting for Fixed Assets, which are proposed primarily to (i) improve accounting for fixed assets during their construction period; (ii) incorporate changes consequential to the requirements contained in Accounting Standard 29, Provisions, Contingent Liabilities and Contingent Assets,
Interest rates on fresh Non-Resident (External) Rupee (NRE) Term Deposits for one to three years maturity should not exceed the LIBOR / SWAP rates plus 275 basis points, as on the last working day of the previous month, for US dollar of corresponding maturities (as against LIBOR / SWAP rates plus 175 basis points effective from the close of business on November 15,2008).The interest rates as determined above for three year deposits will also be applicable in case the maturity period exceeds three years. The changes in interest rates will also apply to NRE deposits renewed after their present maturity period.
Please refer to our circular RPCD.CO.RF. BC No. 78/07.38.03 / 2005-06 dated April 27, 2006 in terms of which banks are prohibited from crediting ‘account payee’ cheques to the account of any person other than the payee named therein. With a view to mitigate the difficulties faced by the members of co-operative credit societies in collection of account payee cheques, relaxation was extended vide our circular RPCD CO. RCBD. BC. No. 24 /07.38.03/2010-11 dated October 19, 2010. In terms of the said circular, banks may consider collecting account payee cheques drawn for an amount not exceeding Rs.50,000/- to the account of their customers who are co-operative credit societies, if the payees of such cheques are the constituents of such co-operative credit societies.
As per National Association of Software and Services Companies (NASSCOM), there was a marked slowdown in recruitment in Financial Year (FY) 2009-10 specifically and also towards end of FY 2008-09 due to recession in developed economies. The data relating to employment level (directly employed by the IT/ITES industry) in this industry and the incremental job addition for the last three years in as under:
India’s Growth and Fundamentals are Strong and Look More Attractive in a World Confronting Problems; RBI is Closely Monitoring the Rupee Situation and will Do the Needful as Required, Says FM.
The Central Bureau of Investigation has filed a charge sheet in the Court of Special Magistrate for CBI cases, Raipur against the then Locker Incharge & Manager, Bank of Baroda, Main Branch, Raipur and other two other persons including an IAS Officer of Chhatisgarh Government for offences punishable under sections 120-B,419,466 & 477-A of Indian Penal Code.
