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RBI notifies increased PPF deposit limit of Rs 1.5 lakh/year

RBI notifies increased PPF deposit limit of Rs 1.5 lakh/year

Last Updated: Friday, August 22, 2014, 19:44

The Reserve Bank on Friday notified the increase in deposit money under Public Provident Fund (PPF) to Rs 1.5 lakh from Rs 1 lakh earlier.

Depositors of a Maha co-op bank can withdraw only Rs 1,000:RBI

Depositors of a Maha co-op bank can withdraw only Rs 1,000:RBI

Last Updated: Friday, August 22, 2014, 19:33

Depositors of Shatabdi Mahila Sahakari Bank of Thane in Maharashtra can withdraw only Rs 1,000 of their total balance, as per RBI's directions in view of the financial position of the bank.

RBI to conduct frequent term repos for flexible cash management

RBI to conduct frequent term repos for flexible cash management

Last Updated: Friday, August 22, 2014, 13:42

The Reserve Bank of India (RBI) said it would conduct more frequent term repos but retained the overall borrowing limit for lenders, in a bid to make borrowing more flexible without injecting additional liquidity into markets.

Banks' single group exposure cap high; review in 2014-15: RBI

Banks' single group exposure cap high; review in 2014-15: RBI

Last Updated: Thursday, August 21, 2014, 22:28

Hinting at tightening banks' single group exposure cap from current 40 percent, RBI Thursday said it will be reviewing this credit limit to gradually align it with the global group exposure practices and mitigate risks.

RBI issues guidelines for NBFCs on lending against shares

RBI issues guidelines for NBFCs on lending against shares

Last Updated: Thursday, August 21, 2014, 20:16

With an aim to curb volatility in capital market, the Reserve Bank on Thursday asked NBFCs to maintain a loan-to-value (LTV) ratio of 50 percent in case of lending against collateral of shares.

Canara Bank expects Rs 500 cr capital from govt this fiscal

Canara Bank expects Rs 500 cr capital from govt this fiscal

Last Updated: Thursday, August 21, 2014, 19:55

State-owned Canara Bank on Thursday said it is expecting a capital infusion of Rs 500 crore from the government this fiscal.

RBI, govt working to regulate illegal money taking entities

RBI, govt working to regulate illegal money taking entities

Last Updated: Thursday, August 21, 2014, 19:51

The Reserve Bank is working with the government to bring about changes in the law to regulate the entities who are illegally accepting deposits from the public, Deputy Governor R Gandhi said on Thursday.

RBI sees no big impact of weak monsoon on growth, farm output

RBI sees no big impact of weak monsoon on growth, farm output

Last Updated: Thursday, August 21, 2014, 19:34

The impact of weak monsoon so far this year on India's farm production and economy is likely to be limited, the central bank said today, as rainfall levels have improved considerably over the past one month.

RBI says growth picking up, sees 5.5% expansion this year

RBI says growth picking up, sees 5.5% expansion this year

Last Updated: Thursday, August 21, 2014, 19:28

The Reserve Bank on Thursday said the economy is likely to grow at 5.5 percent in the current fiscal as it sees pick-up in manufacturing and investment.

RBI surplus falls 14.75% in FY14; transfers entire sum to govt

RBI surplus falls 14.75% in FY14; transfers entire sum to govt

Last Updated: Thursday, August 21, 2014, 17:49

The Reserve Bank on Thursday said its surplus (profit) for the FY'14 fiscal declined 14.75 percent to Rs 52,679 crore as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased.

India to grow at 5.8% in 2014-15: Mayaram

India to grow at 5.8% in 2014-15: Mayaram

Last Updated: Thursday, August 21, 2014, 15:34

The Finance Ministry on Thursday said the growth rate in the current financial year will accelerate to 5.8 percent, better than previous estimates, saying the green shoots of economic recovery are now visible.

RBI asks bankers to be innovative on home loans

Last Updated: Wednesday, August 20, 2014, 23:26

Reserve Bank Deputy Governor R Gandhi Wednesday asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.