Page 1322 - Finance News
Rupee volatility, a blow to seafood exporters
The rupee had gained 6.89% between September 4 and 11 from 67.73 per dollar to 63.37 per dollar
 "Rupee volatility, a blow to seafood exporters")
Banks open this Saturday, Sunday to collect qtrly advance tax
If any tax payer fails to pay the advance tax on these two days, then the person can make the payment on September 16
 "Banks open this Saturday, Sunday to collect qtrly advance tax")
Not planning to up lending rates now: Central Bank
At present the bank's base rate is at 10.25%
Central Bank of India not to raise base rate
In last few days all top private banks, some PSUs have increased their base rates
 "Central Bank of India not to raise base rate")
RBI notifies rules under Fema to operationalise FDI decisions
The central bank has also widened definition of term 'control' under Act
 "RBI notifies rules under Fema to operationalise FDI decisions")
Sliding rupee, RBI moves turn tide for NRI deposits in July
All categories of NRI deposits saw net inflows in July
 "Sliding rupee, RBI moves turn tide for NRI deposits in July")
NBFCs raised surrogate deposits: RBI official
Says strict action against companies accepting deposits when they are not authorised to do so
 "NBFCs raised surrogate deposits: RBI official")
Respect bank notes: RBI
Says don't shower bank notes on personalities
 "Respect bank notes: RBI")
Foreign banks can open zero-balance accounts
Withdrawals from basic savings bank deposit accounts are capped at four a month, including withdrawals via ATMs
 "Foreign banks can open zero-balance accounts")
Allahabad Bank to focus on SME and retail sector
By March 2014, the bank has set a business target of Rs 360,000 cr
 "Allahabad Bank to focus on SME and retail sector")
Banks to generate eight lakh jobs in six years: Assocham
Twenty-six public sector banks are going to hire 50,000 employees in the current fiscal
 "Banks to generate eight lakh jobs in six years: Assocham")
British pound slips below 100-level against rupee
Rupee had first slipped below 100 level against the pound for the first time on Aug 20 and had went on to touch an all time low of 106 on Aug 28
 "British pound slips below 100-level against rupee")
Investor outlook subdued, consumer confidence shaky: RBI study
Companies likely to miss capital expenditure targets with major power and telecom projects getting stalled
 "Investor outlook subdued, consumer confidence shaky: RBI study")
SKS board prepares for legal battle over Akula's comeback talks
Trust explores options on reinduction of ousted founder on board as firm closes ranks
 "SKS board prepares for legal battle over Akula's comeback talks")
Rupee depreciation impacts travel insurance segment
General insurers may increase premiums if situation continues
 "Rupee depreciation impacts travel insurance segment")
RBI sold $6 bn in July, highest since Jan 2012
Intervention yielded results as rupee weakened only 1.65% in that month
 "RBI sold $6 bn in July, highest since Jan 2012")
Banks with 12% capital ratio can borrow more from abroad
Private banks have greater capital than public sector players
 "Banks with 12% capital ratio can borrow more from abroad")
Biksham Gujja: The man behind Akula's plan to make a comeback at SKS
Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum
 "Biksham Gujja: The man behind Akula's plan to make a comeback at SKS")
RBI corrects own mistake but doesn't pardon Videocon's
Confusion galore over new bank licences: One applicant makes entry after 3 months, another seeks to withdraw its withdrawal letter
 "RBI corrects own mistake but doesn't pardon Videocon's")
HDFC Bank's credit card base shrinks
Country's largest credit card issuer saw a sharp month-on-month decline in its base
 "HDFC Bank's credit card base shrinks")