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.
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.
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.
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.
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.
Last Updated: Monday, April 21, 2014, 23:55
Further, RBI said all the approvals received against the said scrip are duly cancelled.
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.
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).
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.
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.
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.
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.
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