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  • 05-Feb-2013 | Newswire18

    Raise banks' provisioning to recast loans: Sinha

    Banks’ provisioning requirements for restructured loans, classified as standard assets, will have to be increased, but the timing of such a move could be reconsidered, Reserve Bank of India Deputy Governor Anand Sinha said on Monday.

  • 02-Jan-2013 | Newswire18

    RBI may seek heavy duty on gold imports

    The Reserve Bank of India is rooting for imposition of a heavy import duty on gold in Budget 2013-14, a source told NewsWire18. The purported move comes as the current account deficit has hit a record high, primarily due to heavy gold and silver ...

  • 19-Dec-2012 | Newswire18

    'Inflation fall gives RBI scope to focus on growth'

    Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Tuesday said the downward trend in inflation is giving the central bank some room to shift the focus of its policy to growth. Time and again, RBI has said tackling high inflation remains ...

  • 08-Dec-2012 | Newswire18

    Indian Bank may merge home finance arm with self by March

    Indian Bank was planning to merge its housing finance arm, Ind Bank Housing Ltd, with itself by March 31, and was looking for a consultant to advise it on the same, a senior bank official said on Friday.

  • 06-Nov-2012 | Newswire18

    RBI allows banks to be bourse members

    The Reserve Bank of India (RBI) on Monday permitted banks to become members of exchanges approved by the Securities and Exchange Board of India (Sebi), to undertake proprietary transactions in the corporate bond market.

  • 24-Aug-2012 | Newswire18

    Three-month rates untouched

    Rates on three-month certificates of deposit and commercial papers were almost unchanged today due to low issuances and comfortable liquidity in the banking system, dealers said. Rates of three-month CDs ended at 8.46-8.53 per cent against 8.47-8.53 ...

  • 14-Jul-2012 | Newswire18

    SKS Micro launches QIP issue

    SKS Microfinance Ltd on Friday announced the launch of its qualified institutional placement issue at a floor price of Rs 75.40 per share. The firm has the board’s approval to raise Rs 900 crore via allotment of shares.

  • 10-Jul-2012 | Newswire18

    Open market operations to depend on liquidity, says Khan

    However, RBI deputy governor refuses to comment on interest rates

  • 10-Jul-2012 | Newswire18

    RBI sets cap on debit card usage fee

    The Reserve Bank of India has set a cap on merchant discount rates,or usage fees, for debit card transactions from September 1 to encourage merchants to choose electronic payment mode over cash transactions, executive director G Padmanabhan said.

  • 07-Jul-2012 | Newswire18

    E-IPO norms in 2 months

    The Securities and Exchange Board of India (Sebi) will issue guidelines for electronic-initial public offerings (e-IPO) in a couple of months, whole-time member Rajeev Kumar Agarwal said on Friday.

  • 20-Jun-2012 | Newswire18

    Short-term rates rise as banks up CD, CP issuances

    Rates on short-term debt instruments increased on Tuesday as tight liquidity conditions, saw banks raise issuances of certificates of deposit (CDs) and commercial paper (CP), dealers said.

  • 09-Jun-2012 | Newswire18

    RBI to banks on unique ID codes

    Banks must assign unique customer identification codes to their new as well as existing clients by May 31, 2013, the Reserve Bank of India said in a notification on Friday. The unique identification code will help in stronger enforcement of ...

  • 07-Jun-2012 | Newswire18

    RBI revises norms for financial literacy

    The Reserve Bank of India (RBI) on Wednesday released new guidelines for financial literacy and credit counselling centres after a study showed most of the existing centres were “actually working as institutions of sponsor banks”.

  • 06-Jun-2012 | Newswire18

    'Andhra microfin firms failed to assess loan need'

    Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Tuesday blamed the failure of microfinance institutions in Andhra Pradesh to their inability to provide loans in sync with customers’ capacity to repay.

  • 05-Jun-2012 | Newswire18

    'Liquidity in comfort zone at the moment'

    Liquidity in the banking system has returned to the Reserve Bank of India's stated comfort zone of one per cent of banks' net demand and time liabilities, deputy governor Subir Gokarn said on Monday.

  • 05-Jun-2012 | Newswire18

    Gokarn reiterates RBI has more room for monetary easing

    RBI deputy governor warns of inflation risks, says pressure is from food prices, fall in the rupee?s exchange rate, and from the fiscal side

  • 16-May-2012 | Newswire18

    Govt may have stretched limit on gilt issue to Rs 80,000 cr

    Despite benchmark government bond issues having topped the Rs 60,000-crore informal limit, the government has not yet issued a new 10-year bond, as it may now be considering Rs 80,000 crore as the ceiling.

  • 24-Apr-2012 | Newswire18

    RBI allows all financial institutions to use credit default swaps

    All financial institutions could now hedge their underlying credit risk in corporate bonds using credit default swaps, the Reserve Bank of India said in a notification on Monday.

  • 13-Apr-2012 | Newswire18

    'No time limit for LIC to cut stake in companies'

    The Irda on Thursday said no timeframe had been set for Life Insurance Corp of India to reduce its holding in companies in which it has more than 10 per cent stake.

  • 13-Apr-2012 | Newswire18

    'No time limit for LIC to cut stake in companies'

    The Irda on Thursday said no timeframe had been set for Life Insurance Corp of India to reduce its holding in companies in which it has more than 10 per cent stake.

  • 07-Mar-2012 | Newswire18

    Govt talks to RBI for bond maturity basket

    The central government plans to increase its market borrowing through longer-dated securities to avoid big redemptions in the medium term and is in talks with the Reserve Bank of India to determine the appropriate maturity basket for new issuances, ...

  • 02-Mar-2012 | Newswire18

    RBI revises supervisory framework for urban co-operative banks

    The Reserve Bank of India (RBI) on Thursday revised the supervisory action framework for urban co-operative banks, saying in case of financial woes, banks must be the first to take corrective steps.

  • 09-Feb-2012 | Newswire18

    'No decision yet, to stop bond purchases through OMO: Gokarn

    The Reserve Bank of India (RBI) today assured market participants that bond purchases under open market operations (OMOs) have not been discontinued and are very much on the table.

  • 02-Feb-2012 | Newswire18

    RBI may not give one-time leeway on NPAs' provisioning

    The Reserve Bank of India is not looking at giving banks a one-time leeway on provisioning towards non-performing assets at the moment, Deputy Governor K C Chakrabarty said on Wednesday.

  • 15-Dec-2011 | Newswire18

    Immediate RBI rate cut unlikely: SBI chief

    With inflation at uncomfortable levels, the Reserve Bank of India (RBI) is unlikely to opt for a rate cut in Friday’s mid-quarter monetary policy review, growth slippage notwithstanding, State Bank of India (SBI) Chairman, Pratip Chaudhuri, ...