Page 3121 - Finance News
Rupee rises 37 paise at 54.31/dollar
Increased dollar selling by exporters and banks amid sustained foreign capital inflows supports rupee
Union Bank of India revises rates for FCNR deposits
Interest rates for all currencies except Yen, Canadian Dollar denominated depositsrevised downward
Exim Bank extends LOC to Seychelles of Rs 55 crore
This is the third LOC extended by Exim Bank to Seychelles
Urjit Patel's name cleared for RBI Deputy Governor post
Patel is at present a non-resident senior fellow at the Brookings Institution, a US-based think-tank
RBI may meet NBFCs this month for finalisation of norms
Apex bank had released the final draft guidelines on NBFCs, based on the recommendations of Usha Thorat committee report
Gold loans firms likely to face stricter norms
RBI panel recommends uniform valuation, curb on branch expansion, setting up of ombudsman
RBI eases KYC norms for money changing activities
However, a separate proof of address will be required in case the address indicated on the document submitted for identity proof differs from the current address
PE investors eye better valuation in BPO sector
The successful exits of Temasek and Blackstone give a fillip to the industry
Grameena Vikas Bank opens 105 ultra small branches
More than 89,000 accounts have already been opened in these branches. The bank is planning to open another 60,000 accounts by March
Stricter norms suggested for gold loan firms
RBI panel recommends uniform valuation, curb on branch expansion, ombudsman