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Over Rs 5,000 cr lying unclaimed with banks

Last Updated: Tuesday, July 08, 2014, 18:51

Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.

SBI ATM lifted from kiosk, money looted in Assam

Last Updated: Tuesday, July 08, 2014, 13:23

A State Bank of India`s ATM was uprooted from its kiosk and Rs 5.38 lakh were looted from it by robbers in Kamrup (Rural) district, police said on Tuesday.

RBI increases diamond imports' credit time to 180 days

Last Updated: Monday, July 07, 2014, 19:28

The Reserve Bank has relaxed norms governing import of rough, cut and polished diamonds by doubling the credit time period to 180 days.

India Inc's foreign borrowings fall to $1.46 bn in May

Last Updated: Monday, July 07, 2014, 19:23

External borrowings of Indian companies fell by 41.3 percent to USD 1.46 billion in May this year compared to the same month last year, according to the Reserve Bank data.

RBI initiates swap of old gold with new one

Last Updated: Sunday, July 06, 2014, 18:27

The Reserve Bank has undertaken an exercise to swap old gold in its reserves with a new one with a view to standardise the yellow metal stock.

RBI to issue guidelines for bank licences this year

Last Updated: Friday, July 04, 2014, 11:38

The Reserve Bank of India (RBI) will issue the guidelines that will be used to grant on-tap and differentiated banking licenses later this year, deputy governor R. Gandhi told reporters on the sidelines of an event on Friday.

Gold swaps to cut imports, ease payment pressure

Last Updated: Thursday, July 03, 2014, 22:38

A plan by the Reserve Bank of India (RBI) to swap old gold in its vaults for purer metal abroad that it could pledge or sell would have the added benefits of reducing gold imports and easing pressure on the balance of payments.

FIIs can buy up to 74% of Bharti Airtel's paid up capital

Last Updated: Thursday, July 03, 2014, 22:37

Overseas investors can now buy up to 74 percent of Bharti Airtel's paid up capital, the Reserve Bank of India said.

RBI extends Deputy Governor H R Khan's tenure for 2 years

Last Updated: Thursday, July 03, 2014, 21:18

The Reserve Bank Thursday extended the term of Deputy Governor H R Khan for two years with effect from July 4, 2014.

RBI eases overseas investment norms for Indian corporates

Last Updated: Thursday, July 03, 2014, 21:13

The Reserve Bank Thursday relaxed norms for overseas investment by Indian corporates by raising their borrowing limit.

RBI seeks quotes to swap gold to improve reserves quality

Last Updated: Wednesday, July 02, 2014, 22:18

The Reserve Bank of India (RBI) said on Wednesday it has sought quotes from banks to swap gold in its own vaults for international standard gold, in a "locational swap" designed to optimise the management of its reserves.

UN special envoy hails RBI's work on financial inclusion

Last Updated: Wednesday, July 02, 2014, 21:09

Visiting Dutch queen Maxima, who is also the UN Secretary General's Special Advocate for Inclusive Finance for Development, praised the Reserve Bank of India's (RBI) work on financial inclusion.