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1010
Results
Rupee touches new low of 52.15 per dollar, Sensex Falls 425 Points
TG Team
21 Nov 2011
0 comment
At the inter-bank foreign exchange market, the rupee sank 81 paise, to a over 32-month closing low of 52.15 against the dollar. The rupee fell on sustained dollar demand, and as domestic equities tumbled. The rupee has lost over 4 percent against the dollar in the last six trading sessions....
Posted Under:
Fema / RBI
|
News
RBI – Minutes of the October 19, 2011 Meeting of the Technical Advisory Committee on Monetary Policy
TG Team
19 Nov 2011
0 comment
The Reserve Bank has been placing the main points of discussion of the Technical Advisory Committee (TAC) on Monetary Policy meeting in public domain with a lag of roughly four weeks after its meeting. The minutes of the twenty-fifth meeting of the TAC held on July 20, 2011 were placed in public domain on August […]...
Posted Under:
Fema / RBI
|
News
CIC directs RBI to disclose names of top 100 loan defaulters
TG Team
18 Nov 2011
0 comment
The Central Information Commission has directed the Reserve Bank of India to make public the names and other details of top 100 industrialists of the country who have defaulted on loans from public sector banks. The Commission also directed the central bank to post on its website complete information on all such industrialists as part of ...
Posted Under:
Fema / RBI
|
News
Govt Increases Current Limit of FIIS Investments by US$ 5 Billion Each in Government Securities and Corporate Bonds
TG Team
17 Nov 2011
0 comment
Ministry of Finance Increases the Current Limit of Foreign Institutional Investors’ (FIIS) Investments by US$ 5 Billion Each in Government Securities and Corporate Bonds Raising the Cap to US$ 15 Billion and to US$ 20 Billion Respectively...
Posted Under:
Fema / RBI
|
News
Empowering Deposit Insurance Entities to Face Challenges posed by an Emerging Financial Landscape – Global and Indian experience
TG Team
16 Nov 2011
0 comment
Recent global financial crisis has revealed that financial systems around the world rely on safety nets to reduce the adverse impact of financial crisis as also to prevent the re-occurrence of the crisis. During the global crisis, uncertainty triggered panic reactions and collapse of banks. Under these circumstances, deposit insurance eme...
Posted Under:
Fema / RBI
|
News
Convergence of Mobile Banking, Financial Inclusion and Consumer Protection-Trend
TG Team
11 Nov 2011
0 comment
We were confronted with the question “which model of mobile banking should India go for – a bank led model or a non-bank led one?” Protagonists of the non-bank led model referred to the success of such models in a few countries like Kenya and Philippines. While acknowledging that the mobile banking models in these countries were per...
Posted Under:
Fema / RBI
|
News
Gearing up for the Competitive Impulse in the Indian Banking in its defining decade
TG Team
09 Nov 2011
0 comment
Why is the next decade likely to be a defining decade? In my view, in the coming years, the Indian banking can unshackle several constraints that it faces today bringing about a transformation into an era of globally competitive banking. The biggest of the constraint has been the legacy of staffing that the public sector banks face. India...
Posted Under:
Fema / RBI
|
News
Saving Bank Interest Rate Deregulation – An End to ‘Lazy Banking’?
TG Team
30 Oct 2011
0 comment
In a surprise move, India’s central bank, the Reserve Bank of India, on Tuesday freed commercial banks to determine the interest rates on savings accounts for the first time in 34 years. Since 1977, a time that was the halcyon days of Indian socialism, the R.B.I. had determined the rates banks paid on savings deposits, […]...
Posted Under:
Fema / RBI
|
News
RBI seeks Feedback on ToR for Nair Committee on Priority Sector Lending
TG Team
30 Oct 2011
0 comment
The Reserve Bank of India has, through a questionnaire, sought views/comments of all stakeholders on the Terms of Reference for the Nair Committee on Priority Sector Lending . Comments/suggestions/views may be emailed latest by November 15, 2011. It may be recalled that the Reserve Bank of India had appointed a Committee to re-examine th...
Posted Under:
Fema / RBI
|
News
1% interest rebate on home loans upto Rs. 15 Lakhs provided cost of house not exceed Rs. 25 Lakh
TG Team
26 Oct 2011
0 comment
The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs. 15 lakh where cost of the house does not exceeding Rs. 25 lakh from the present limit of Rs. 10 lakh and Rs. 20 lakh respectively, and designating National Housing Bank (NHB) as the Nodal Agency...
Posted Under:
Fema / RBI
|
News
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