Newsroom24x7 Desk Mumbai: The Reserve Bank of India has notified that the aggregate share holdings by Foreign Institutional Investors (FIIs) – Registered Foreign Portfolios Investors (RFPIs), Non Resident Indians (NRIs) and Persons of Indian Origin (PIO) under Portfolio Investment Scheme in Bank of Baroda have gone below the prescribed threshold caution limit under the extant
Newsroom24x7 Staff New Delhi: The Reserve Bank of India has signed a Memorandum of Understanding (MoU) on “Exchange of information and mutual assistance in banking sector supervision” with Central Bank of Seychelles (CBS). This MoU is obviously, part of the drive to unearth black money and the global war against the menace of money laundering. The MoU
Newsroom24x7 Desk Mumbai: The Reserve Bank of India has placed on its website, an article titled ‘Recent Trends in Residential Property Prices in India: An exploration using housing loan data’ based on the results of its ‘Residential Asset Price Monitoring Survey’. The salient findings of the survey covering housing loan transactions during Q1: 2009-10 to
Newsroom24x7 Mumbai: Reserve Bank of India today issued directions to all Category – I Authorised Dealer Banks and informed them that the financial aspects for using the Virtual Private Network (VPN) accounts obtained from National Informatics Centre (NIC) for accessing the e-Biz portal have now been finalised in consultation with Government of India, Department of Industrial Policy
Newsroom24x7 Desk Hong Kong: Fitch Ratings has affirmed India’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘. The issue ratings on India’s senior unsecured foreign and local currency bonds are also affirmed at ‘BBB-‘. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at ‘BBB-‘ and the Short-Term
Newsroom24x7 Desk Mumbai: Prime Minister Narendra Modi, today urged the Reserve Bank of India to take the lead in encouraging financial institutions to set concrete targets for financial inclusion over the next 20 years, to help transform the quality of life of the poor. “I come as a representative of the poor, underprivileged, marginalized and
Newsroom24x7 Desk Mumbai: The Reserve Bank of India today released the draft directions for approval of acquisition or transfer of control Non-Banking Financial Companies (NBFCs) seeking views and comments on it from all interested parties and the general public. The draft has been proposed based on representations received from NBFCs and other industry participants and once
Newsroom24x7 Desk Mumbai: A central bank balance sheet is a reflection of its various functions, particularly its role as a monetary authority and as banker to the Government and banks. The structure of assets and liabilities of the Reserve Bank are, more or less, in line with the balance sheet followed by most central banks. The
Newsroom24x7 Desk Mumbai: Complaints about failure to meet commitment, non-observance of fair practices code, Banking Codes and Standard Board of India (BCSBI) Codes taken together constituted the largest category of complaints (26.6 per cent) received by the offices of Banking Ombudsmen (BOS) across the country during FY-2013-14. These were followed by card related complaints from bank customers
Newsroom24x7 Desk New Delhi, Jan. 16: Union Ministry of Finance says that the 25 basis point Repo Rate cut announced by the Reserve Bank of India (RBI) is a welcome move and consistent with strong and ongoing disinflationary trends identified in the Ministry’s Mid Year Economy Analysis presented to the Parliament last month. The Finance Ministry further states that
Newsroom24x7 Desk Mumbai, Jan. 10: To grant financial assistance to institutions/ organisations/ associations for taking up activities relating to promoting bank depositors’ education and awareness, the Reserve Bank of India has released on its website, the Guidelines on the Criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education
Newsroom24x7 Desk Mumbai, Jan. 9: As against the average daily cash reserve requirement of Rs. 337, 307 crore for the fortnight ending today that is January 9, the cash balance with Reserve Bank of India on January 3 was Rs. 348, 558 crore. The RBI yesterday decided to increase the quantum of loan that could
Newsroom24x7 Desk Mumbai, Jan. 8: Government’s currency liabilities to the public went up to Rs. 187.4 billion in the first week of January 2015 as compared to the total liabilities of Rs. 173.4 billion till March 31,2014. During the financial year 2013-14, the Government’s currency liabilities to the public also rose by Rs. 15.1 billion.
