Page 1288 - Finance News

RBI decides to include medium enterprises now under priority sector

According to RBI's recent report, priority sector credit had risen in 2012-13, against a drop in overall growth

RBI to recognise self-regulatory bodies for NBFC-MFIs

According to RBI, this would ensure effective monitoring of the functioning of NBFC-MFIs

RBI balm fails to reduce foreign banks' headache

Wholly-owned subsidiaries to be exempt from capital gains tax, stamp duty

HCBL Bank targets beggars for financial inclusion

Bank has already opened accounts for around 160 beggars in Lucknow under the relaxed KYC norms of the RBI

Adopt Aadhaar authentication for card-based transactions: RBI

RBI had set up a working group that had recommended evaluation of UIDAI's Aadhaar as an effective alternative for additional factor of authentication for domestic transactions

WoS of foreign banks to be exempt from capital gains tax: RBI

Earlier this month, RBI had said that foreign banks with complex structures will have to operate in India only through wholly-owned subsidiaries

HCBL Bank targetting beggars for financial inclusion

Probably the only bank catering to this segment, so far

RBI allays foreign banks' fears on stamp duty

Says foreign banks exempt from stamp duty for wholly-owned subsidiaries

Meghalaya seeks Rs 50,000 crore from Finance Commission

Says need money for maintenance of roads and other infrastructure and creating infrastructure for the newly created four districts

RBI: fresh loans to medium enterprises to be priority sector advance

This, to provide enhanced liquidity support to the medium and small enterprises

Hinduja Leyland Finance's non-performing loans may stay elevated: India Ratings

But says company has adequate operating profits and capital buffers to manage business

S&P cuts IDBI Bank's foreign currency issuer rating

Flags concern on weak asset quality; Outlook negative

Banks collect over $25 bn from special dollar swap window: RBI

The Reserve Bank announced the swap windows for foreign currency non-resident (bank) deposits and overseas borrowings by banks on September 4

Corporate bond issuances drying up

Yield movement currently impacted due to movement of rupee against dollar

Top State Bank executive in the dock

CBI accuses deputy MD of taking Rs 15 lakh as bribe on Rs 75-cr loan; bank sets up probe panel, sends him on leave

RBI to launch CPI-indexed bonds by December end: Khan

The bonds will be aimed at protecting the savings of retail investors from the impact of price rise

Koshie joins Federal Bank as director

Grace Elizabeth Koshie has worked with RBI for over three and a half decades

RBI deputy: FCNR swap plan open till Nov 30 as of now

Expectations were raised for an extension after RBI did so for the other swap scheme

Rupee may weaken further; yields expected to rise

Bond spread set to widen with new 10-yr benchmark

Currently, the spread is 36 basis points