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RBI switches to multiple-pricing in weekly debt sale

Last Updated: Monday, July 28, 2014, 22:03

The Reserve Bank of India`s (RBI) decision to sell USD 2.3 billion in government debt through the unpopular `multiple pricing` method could push yields higher when trading resumes on Wednesday after a holiday, dealers said.

RBI cancels licenses of six Delhi-based NBFCs

Last Updated: Monday, July 28, 2014, 17:07

The Reserve Bank has cancelled the licenses of six Delhi-based non banking financial companies following which they would not be able to conduct business.

RBI's Khan for freedom to banks for financial inclusion goals

Last Updated: Thursday, July 24, 2014, 23:55

Banks should be given some freedom to determine their financial inclusion strategies as making such obligations mandatory has its own distractions, RBI Deputy Governor H R Khan said today.

RBI cancels non-bank fin registration certificate of Deutsche Securities

Last Updated: Wednesday, July 23, 2014, 16:41

The Reserve Bank of India said on Wednesday that it cancelled the non-banking finance registration certificate of Deutsche Securities India.

RBI issues draft guidelines to facilitate financing to MSMEs

Last Updated: Tuesday, July 22, 2014, 23:37

In order to facilitate financing to MSMEs and to help them convert trade receivables into liquid funds, Reserve Bank today issued draft guidelines for setting up of and operating a Trade Receivables Discounting System (TReDS).

RBI lifts curb on FIIs to buy shares in Bank of Baroda

Last Updated: Tuesday, July 22, 2014, 23:24

The Reserve Bank has lifted ban imposed on foreign investors to buy shares in Bank of Baroda as the foreign shareholding under portfolio investment scheme (PIS) in the bank has gone below prescribed limit.

India firms borrowed $1.89 bn from overseas makets in June: RBI

Last Updated: Tuesday, July 22, 2014, 18:43

Borrowings by Indian firms declined by over 3 percent from a year ago to USD 1.89 billion in June 2014, according to Reserve Bank data released today. During June 2013, India Inc had raised USD 1.95 billion from overseas markets by way of external commercial borrowings (ECBs).

RBI issues draft norms for small banks, payment banks

Last Updated: Thursday, July 17, 2014, 19:06

A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.

RBI issues draft guidelines for setting up small, payment banks

Last Updated: Thursday, July 17, 2014, 18:12

The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.

RBI tightens exit rules for foreign investors from pvt firms

Last Updated: Tuesday, July 15, 2014, 23:26

The Reserve Bank of India (RBI) Tuesday modified norms governing issuance and transfer of shares for foreign investors in unlisted companies today, laying stress on using international prices to arrive at valuations and did away with an "assured exit price" at the time of investment.

India's services export in May up 9% at $13.9 billion

Last Updated: Tuesday, July 15, 2014, 20:40

India's services exports in May rose by 8.8 percent to USD 13.9 billion, according to the Reserve Bank data.

RBI allows foreign investors to invest in partly paid shares

Last Updated: Monday, July 14, 2014, 22:15

Easing rules, the Reserve Bank Monday allowed foreign investors to invest in partly paid shares and warrants of Indian companies.