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India's forex reserves declines $810mn: RBI

India Infoline News Service  | Mumbai September 02, 2014 12:01 IST

India's reserve position with the International Monetary Fund was down $7.9 million to $1.69 billion for the week ending August 22

Forex reserves increase for Q3 in April-June 2014: RBI

India Infoline News Service  | Mumbai September 02, 2014 11:47 IST

The valuation gain amounted to $0.7 billion during April-June 2014 as compared to a loss of $9.2 billion during the same period of the preceding year

Banks to set timeline to process loans: RBI

India Infoline News Service  | Mumbai September 02, 2014 11:45 IST

According to RBI, there have been inordinate delays by banks to convey credit decisions, leading to delays in project implementation.

RBI amends Basel III guidelines for banks

India Infoline News Service  | Mumbai September 02, 2014 09:49 IST

"Banks can issue tier II capital instruments with a minimum maturity of 5 years compared to 10 years at present," RBI said.

Q1 CAD narrows to 1.7% of GDP: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:42 IST

On a BoP basis, merchandise exports at US$ 81.7 billion increased by 10.6 per cent in Q1 of 2014-15 as against a decline of 1.5 per cent in Q1 of 2013-14.

RBI eases foreign transaction norms for buying govt bonds

India Infoline News Service  | Mumbai September 01, 2014 17:20 IST

Earlier foreign investors had to buy the government bonds in the secondary market by going through exchange-registered brokers only.

India needs Financial Conditions Index: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:18 IST

The Financial Conditions Index is the synthesis of information content in the money, bond, foreign exchange and stock markets

Growth rates in aggregate deposits drop 13.9% in Mar: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:16 IST

The deceleration in gross bank credit was across all population groups whereas deceleration in aggregate deposits was only in urban centres

Credit to agriculture rises 19.5% in July 2014: RBI

India Infoline News Service  | Mumbai September 01, 2014 17:14 IST

Credit to the services sector increased by 12.3 per cent in July 2014 as compared with the increase of 13.3 per cent in July 2013

IT dues can be paid at RBI offices, banks

India Infoline News Service  | Mumbai August 28, 2014 10:38 IST

The RBI said the assessees can use alternate channels like select branches of banks or the facility of online payment of taxes offered by banks

RBI simplifies KYC norms for account opening

India Infoline News Service  | Mumbai August 28, 2014 10:03 IST

There is now no requirement of submitting two separate documents for proof of identity and proof of address

RBI relaxes norms for ECB refinance

India Infoline News Service  | Mumbai August 28, 2014 09:52 IST

All-in-cost of fresh ECB should be less than that of the all-in-cost of existing ECB

Indian cos raise $3.72 in July via ECB: RBI

India Infoline News Service  | Mumbai August 26, 2014 12:02 IST

Of the total borrowings in July, $1.16 billion was raised through the approval route, while $2.56 billion came through the automatic route

RBI alerts states against debt-waiver schemes

India Infoline News Service  | Mumbai August 26, 2014 09:23 IST

According to RBI, the banking sector's capital needs have increased due to enhanced prudential requirements and rise in bad loans

Savings in MFs drops 40% in FY14: RBI

India Infoline News Service  | Mumbai August 25, 2014 16:46 IST

Savings in deposits and small savings of individuals increased in the 2013-14, while saw a drop in mutual funds and currency.

6 major sectors contribute 36% of total bad loans: RBI

India Infoline News Service  | Mumbai August 25, 2014 12:03 IST

The gross NPAs have been created by six sectors of the economyinfrastructure, metals, textiles, chemicals, engineering and mining.

RBI notifies increased PPF deposit limit

India Infoline News Service  | Mumbai August 25, 2014 09:58 IST

The Government of India has enhanced the individual subscription limit under PPF from existing Rs. 1,00,000 to Rs. 1,50,000 in a financial year

RBI issues draft charter of customer rights

India Infoline News Service  | Mumbai August 25, 2014 09:22 IST

The Charter spells out the rights of the customer and also the responsibilities of the financial service provider

RBI clarifies on Risk mitigation measures related to CNP transactions

India Infoline News Service  | Mumbai August 23, 2014 10:56 IST

It was further stated that the linkage to an overseas website/payment gateway cannot be the basis for permitting relaxations from implementing the mandate.

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