The Reserve Bank of India (RBI) has notified Foreign Direct Investment (FDI) guidelines pending for past four years as Press notes 2 and 3 of the Department of Industrial...
RBI gives nod to Muthoot Finance to set up White Label ATMs Indian gold loan company Muthoot Finance Ltd has obtained the RBI’s in-principle approval to set up...
The Indian rupee today ranked by a massive 105 points to close at a historic low of 60.71 against the dollar. The Indian Rupee declined below the 60 mark breaking the...
The government has announced the sale of 1.44% ‘Inflation-Indexed government stock 2023’ for a notified amount of Rs.1,000 crore through price-based auction on June 25, 2013. The results of the...
The RBI has provided the banks more time for introduction of additional security features for payment through debit and credit cards as banks and related entities had yet...
The RBI has eased the External Commercial Borrowing (ECB) norms for affordable housing projects by withdrawing the minimum capital requirement, and lowering total experience to three years, while...
The Reserve Bank of India (RBI) has left the key policy rate, the repo rate, untouched at 7.25% in its June mid-quarter monetary policy. Cash Reserve Ratio (CRR),...
In a move that would encourage foreign portfolio investment in Indo, the Government hiked the investment limit for foreign portfolio investors in government bonds by $5 billion to...
As per the directions made by RBI, Banks will have to do periodical audits and re-verification of the documents of all credits of and above Rs 5 crore,...
RBI has said that it doesn’t target any exchange rate but it will intervene in the Forex market to only to curb volatility and prevent disruption of macroeconomic...
