Last Updated: Thursday, August 20, 2015, 22:18
An RBI panel Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.
Last Updated: Wednesday, August 19, 2015, 22:24
Enthused by the grant of payments bank licence, the successful applicants Wednesday said they would launch the services ahead of the 18-month deadline prescribed by the Reserve Bank.
Last Updated: Tuesday, August 18, 2015, 23:02
Making a case for interest rate cut, Finance Minister Arun Jaitley Tuesday hoped that RBI will take note of the declining inflation and take a decision accordingly.
Last Updated: Tuesday, August 18, 2015, 17:58
The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.
Last Updated: Monday, August 17, 2015, 23:32
Reserve Bank has cancelled certificate of registration of seven non-banking financial companies (NBFCs) including that of Religare Finance Limited.
Last Updated: Tuesday, August 11, 2015, 23:00
Foreign liabilities of mutual fund companies in India increased by Rs 155.4 billion during 2014-15 to Rs 565.9 billion (USD 9 billion), says a RBI survey.
Last Updated: Tuesday, August 11, 2015, 21:46
Even though forex reserves have touched all-time highs, RBI will continue to accumulate the same as it needs resources to fight another round of pressure on the rupee that may come with the Fed rate hike and also a surge in imports with the economic recovery, BofAML has said.
Last Updated: Friday, August 7, 2015, 15:43
Government and the Reserve Bank are closely monitoring global economic conditions as well as the movement of rupee value and accordingly calibrating policies regularly to support robust macroeconomic growth, Lok Sabha was informed on Friday.
Last Updated: Friday, August 7, 2015, 11:02
The Reserve Bank of India (RBI) has allowed the banks to shift, merge or close all branches except rural branches and sole semi-urban branches at their own discretion.
Last Updated: Thursday, August 6, 2015, 23:43
To facilitate greater participation in corporate bonds by standalone primary dealers, Reserve Bank Thursday doubled the exposure ceiling limits for single borrower to 50 percent of the latest audited Net Owned Funds (NOF).
Last Updated: Thursday, August 6, 2015, 23:33
Conditions are favourable for further interest rate cut by the Reserve Bank as commodity prices are low and prospects of Kharif crop are good, Finance Minister Arun Jaitley said Thursday.
Last Updated: Thursday, August 6, 2015, 23:31
Giving greater operational freedom to banks, the Reserve Bank Wednesday allowed lenders to shift, merge or close branches, except in rural areas, at their "discretion".
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