The Insurance Regulatory and Development Authority (IRDA) said that life insurance companies are not allowed to take part in repo transactions. In a circular IRDA clarified that: In...
Old cheque books will be of no use from January 1, 2013 with the implementation of Cheque Truncation System (CTS-2010). Only new cheques with more security and standardized...
ECB: External Commercial Borrowing The government is all set to widen the scope of ECB. This will be done via including sectors incorporated in the new definition of...
RBI has revised the definition of ‘infrastructure lending’. The revised definition, would make sectors and sub-sectors eligible for infrastructure lending by banks and financial institutions with immediate effect....
The RBI and the State Bank of Vietnam (SBV) concluded a Memorandum of Understanding (MoU) to encourage greater co-operation and sharing of supervisory information b/w the two supervisors.
The RBI advised banks not to give loans for purchase of gold in any form, including primary gold, bullion and jewellery. Still, RBI held that banks can provide...
RBI Governor D. Subbarao held that the inflation is “quite high” at 7.45%. He remarked over the falling of headline inflation to 7.45% in October 2012 from 7.81%...
The Finance Minister P Chidambaram has asked RBI to finalize the guidelines for issue of new banking licenses and commence accepting applications applications from interested entities. But, RBI...
