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RBI stops banks from extending ECBs for repaying rupee loans

RBI stops banks from extending ECBs for repaying rupee loans

Last Updated: Tuesday, April 22, 2014, 22:52

The Reserve Bank of India Tuesday disallowed overseas branches of domestic banks from extending external commercial borrowings (ECBs) to manufacturing and infrastructure companies for repaying rupee loans.

RBI asks bank boards to review BCs operations, payments

RBI asks bank boards to review BCs operations, payments

Last Updated: Tuesday, April 22, 2014, 22:51

To scale up the business correspondent model, the boards of banks must review the operations of BCs at least once every six months and position of their payment of remuneration, RBI said Tuesday.

RBI panel suggests FRA to deal with failing institutions

RBI panel suggests FRA to deal with failing institutions

Last Updated: Tuesday, April 22, 2014, 21:34

An RBI working group has recommended setting up a Financial Resolution Authority (FRA) to effectively deal with failing financial institutions and ensure overall stability in the system.

RBI for two-stage verification for online transactions

RBI for two-stage verification for online transactions

Last Updated: Tuesday, April 22, 2014, 21:30

Worried over rising number of frauds in online banking, the RBI has suggested that banks introduce two-stage authentication to ensure security of transactions.

Study locally learn globally

Last Updated: Tuesday, April 22, 2014, 14:02

As a part of their global learning experience, students from The Jon Huntsman School of Business, Utah University, USA, visited India.

RBI allows FIIs to buy further shares in South Indian Bank

Last Updated: Monday, April 21, 2014, 23:55

Further, RBI said all the approvals received against the said scrip are duly cancelled.

RBI likely to be in pause mode till Dec: BofA-ML

Last Updated: Monday, April 21, 2014, 22:17

The RBI's target is to ease retail inflation, as measured by the Consumer Price Index, to 8 percent by January 2015 and 6 percent by January 2016.

RBI ED Gopalakrishna takes VRS, joins as director CAFRAL

Last Updated: Monday, April 21, 2014, 16:14

Reserve Bank executive director G Gopalakrishna has voluntarily retired from the service and joined as director of Centre for Advanced Financial Research and Learning (CAFRAL).

RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

Give benefit of differential rate to MSE sector: RBI to banks

Last Updated: Tuesday, April 15, 2014, 22:14

The Reserve Bank on Tuesday asked banks to give the benefit of differential rate of interest to micro and small enterprises (MSE) on the basis of credit guarantee cover.

RBI to shortly issue Rs 500, Rs 100 notes of 2014 printing yr

Last Updated: Sunday, April 13, 2014, 12:24

RBI said the design of these banknotes will be similar in all respects to Rs 500 and Rs 100 banknotes printed in Mahatma Gandhi series-2005 issued earlier.

BOI loans $200 mn to AI for purchase of 3 Dreamliners

Last Updated: Sunday, April 13, 2014, 11:56

BoI has given a stand-alone loan of USD 200 million for three of these airplanes, the sources said, adding that BoI and the State Bank of India have earlier taken a share of financing aircraft purchase.