Page-22 of Financial services

Regulators in Europe, US and Asia investigating financial institutions

June 28, 2012

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. ..

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Farmers to avail loans directly from commercial banks

June 19, 2012

Farmers in Maharashtra who are yet to obtain loans from cooperative banks can now expect them from commercial banks. The state govt will soon take measures to assist Regional Rural Banks (RRBs) utilize the infrastructure of primary agriculture cooperative societies, ..

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K C Chakrabarty re-appointed as RBI Deputy Governor

June 19, 2012

The Government of India today re-appointed Dr. K C Chakrabarty as the Deputy Governor of the Reserve Bank of India for a further period of three months beyond June 14, 2012 or until further orders, whichever is earlier. Dr. K ..

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Axis Bank ties up with Ahli United Bank for remittance

May 30, 2012

Axis bank, the 3rd largest private sector lender tied up with Bahrain’s Ahli United Bank for inward remittances. What does this tie up would bring in for customers of Ahli United Bank? Any person having an a/c with Bahrain’s Ahli ..

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Cabinet approves Micro Financial Sector (Development and Regulation) Bill, 2011

May 12, 2012

The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the Bill all microfinance institution (MFIs) will now have to be registered with ..

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Pranab Mukherjee elected Chair of ADB Governors’ Board

May 9, 2012

Finance Minister Pranab Mukherjee elected as Chair of the ADB’s Board of Governors. The 46th yearly meeting of ADB (Asian Development Bank) will be held in India in 2013. Mr. Mukherjee held that India is very happy to accept the ..

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