Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : RBI

Reserve Bank of India keeps key rates unchanged
Posted Date : 30-Sep-2014 , 03:00:35 pm | Posted By CASANSAAR

The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged.   This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rate...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 302

RBI to banks: Be careful while opening accounts under Jan Dhan Yojana
Posted Date : 20-Sep-2014 , 08:35:25 am | Posted By CASANSAAR

The Reserve Bank today warned the banks to be more careful while opening accounts under the Jan-Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs 1 lakh insurance cover.   "There are some caveats when the banks are implementing the financial inclusion...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 653

Money laundering: RBI takes action against erring Urban Cooperative Banks
Posted Date : 15-Sep-2014 , 08:07:43 am | Posted By CASANSAAR

Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) which were suspected of being used to route illegal money. The central bank has also asked state governments to take stern action against any other erring UCBs after reports eme...

Continue Reading...

Category : RBI | Comments : 2 | Hits : 847

Guarantors may get wilful defaulter tag too, says Reserve Bank of India
Posted Date : 10-Sep-2014 , 08:09:00 am | Posted By CASANSAAR

Companies and individuals who have furnished guarantees for wilful defaulters can also be accused as wilful defaulters, as per the new norms issued by the Reserve Bank of India (RBI). In a letter issued on Tuesday, RBI has said that if a guarantor refuses to pay lenders desp...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 476

Bank Accounts Not Inoperative if Dividend Cheque Credited in 2 Years: RBI
Posted Date : 02-Sep-2014 , 07:38:49 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday said a bank account will not become inoperative if a dividend cheque has been credited in it in the previous two years. "Since dividend on shares is credited to Savings Bank accounts as per the mandate of the customer, the same should be treated as a custom...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 589

RBI eases norms, 1 photo ID proof to open bank account
Posted Date : 29-Aug-2014 , 07:43:42 am | Posted By CASANSAAR

Reserve Bank of India has, as part of Prime Minister Narendra Modi's push for financial inclusion, relaxed 'know your customer' (KYC) norms to open new bank accounts.  RBI said there would be no need for applicants to submit separate documents for address and identity proof to open a savings a...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1120

RBI says 36% of total Bad Loans from six Key Sectors
Posted Date : 24-Aug-2014 , 06:49:26 pm | Posted By CASANSAAR

The Reserve Bank has said about 36 per cent of the overall 4.1 per cent bad assets in the system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals, engineering and mining.   These sectors, though, have only 30 per cent of the credit share.   ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 565

RBI shuts overseas payment gateway for credit card transactions within India
Posted Date : 23-Aug-2014 , 10:00:37 am | Posted By CASANSAAR

The Reserve Bank of India moved to close a loophole on Friday, saying that the rules need to be followed with respect to e-commerce credit card transactions "essentially taking place between two residents in India". This means that companies such as Uber will need to fo...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 940

RBI to restrict Bank's group exposure limit at 25%, down from current 40%
Posted Date : 22-Aug-2014 , 08:41:59 am | Posted By CASANSAAR

The Reserve Bank of India proposes to cut banks' group exposure limit by as much as 15 percentage points to reduce the systemic risk posed by lending too much to any single business house. This means that credit to any particular group will have to be restricted to 25% of a bank's capital, down from...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 592

RBI tightens rules for lending against shares by NBFCs
Posted Date : 21-Aug-2014 , 04:24:41 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) has tightened the norms for giving loans against shares by non-banking finance companies (NBFCs).   NBFCs lending against collateral of shares have been told to maintain an LTV (loan-to-valve). They can accept only specified Group 1 securities as collateral for...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 344

Finance ministry rules out COO appointment in RBI
Posted Date : 14-Aug-2014 , 08:23:11 am | Posted By CASANSAAR

The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank ofdeputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments. There ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 468

RBI to Transfer Surplus Profit of $8.62 Billion to Government
Posted Date : 11-Aug-2014 , 08:52:12 am | Posted By CASANSAAR

The Reserve Bank of India said on Sunday its board has approved the transfer of a surplus profit of Rs. 52,679 crore ($8.62 billion) to the government for the year ended June 2014.   This compares with a surplus transfer of Rs. 33,010 crore last year. The central bank said...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 518

RBI revises guidelines on mortgage guarantee companies
Posted Date : 09-Aug-2014 , 08:57:16 am | Posted By CASANSAAR

The Reserve Bank on Friday revised guidelines for mortgage guarantee companies and said that guarantees provided by them may be treated as contingent liabilities, for which credit conversion factor would be 50 per cent.   "While calculating capital adequacy of MGCs, mortgage guarantees provid...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 483

RBI issues guidelines on unified bill payment system
Posted Date : 08-Aug-2014 , 08:18:17 am | Posted By CASANSAAR

The Reserve Bank of India on Thursday said the proposed Bharat Bill Payment System (BBPS) will function as a tiered structure for operating the country’s bill payment system. It will have a single brand image providing convenience of ‘anytime anywhere’ payment to customers.  ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 564

RBI asks asset reconstruction companies to invest 15% in securities receipts
Posted Date : 07-Aug-2014 , 08:32:05 am | Posted By CASANSAAR

In a bid to improve the sale of bad loans in the banking system, the Reserve Bank of India has tightened the regulatory framework for asset reconstruction companies.   The RBI said ARCs will henceforth have to mandatorily invest and hold minimum 15 per cent (against 5 per cent earlier) of the...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 577

RBI keeps key rates unchanged, cuts SLR by 50 bps
Posted Date : 05-Aug-2014 , 11:17:07 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) in its third bi-monthly monetary policy statement for 2014-15 kept the repo rate unchanged at 8%. The reverse repo rate was kept unchanged at 7% and Cash Reserve Ratio ( CRR) was maintained at 4%. The SLR was cut by 50 bps to 22%. "The moderation in CPI headline ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 780

Syndicate Bank chief’s arrest: RBI may review loan disbursals by lenders
Posted Date : 04-Aug-2014 , 08:22:06 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) may review the lending procedures followed by banks, say top bankers, as several incidents over the past year including Saturday's arrest of the Syndicate Bank chairman have raised questions over the transparency of the process. The Central Bureau of Investigatio...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 510

RBI suggests SEBI action against 'Wilful' defaulters
Posted Date : 29-Jul-2014 , 07:58:05 pm | Posted By CASANSAAR

Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets. To facilitate such restrictions on entities found to have 'wilfully' defaulted on bank loans, the Reserve...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 509

RBI takes steps to prevent frauds in non- banking orgs against small investors
Posted Date : 26-Jul-2014 , 06:14:07 pm | Posted By CASANSAAR

RBI has started taking steps to prevent frauds in non- banking organisations against the small investors, and mechanism are being put so that those organisations, which do not abide by the RBI guidelines, could be prosecuted. Speaking to media in Ranchi, the Regional Director of Bihar - Jharkha...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 765

RBI relaxes norms for loans against gold ornaments
Posted Date : 22-Jul-2014 , 08:27:21 pm | Posted By CASANSAAR

The Reserve Bank today relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery. On December 30, banks had restricted the loans of up to Rs 1 lakh against pledge of gold ornaments and jewellery. "Banks, as per their Board approved policy, may decide up...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 338

RBI starts scrutiny of companies suspected of illegal money raising
Posted Date : 21-Jul-2014 , 08:08:05 am | Posted By CASANSAAR

As part of its efforts to protect gullible investors from fraudulent investment schemes, the Reserve Bank has started scrutinising credentials of companies suspected of illegally raising money from public as NBFCs. The central bank's action follows the Corporate Affairs Ministry sending a list ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 714

Impact of RBI decision: Home loan borrowers, realtors to benefit
Posted Date : 16-Jul-2014 , 07:58:18 am | Posted By CASANSAAR

The Reserve Bank of India (RBI)'s move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estatecompanies. So far, those availing of home loans of up to ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 836

RBI stops NBFCs from charging penalties on loan pre-payment
Posted Date : 15-Jul-2014 , 08:34:04 am | Posted By CASANSAAR

The Reserve Bank of India has asked non-banking finance companies to not charge foreclosure charges/ pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect.   In May, the central bank had issued a similar directive to banks as a measure...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 560

RBI eases overseas investment rules in local companies
Posted Date : 15-Jul-2014 , 08:24:46 am | Posted By CASANSAAR

Easing rules, the Reserve Bank of India (RBI) on Monday allowed foreign investors to invest in partly paid shares and warrants of Indian companies.   Until now, such investors were only allowed to invest in equity shares and compulsorily and mandatorily convertible preference shares or debent...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 459

RBI receives over 76,000 complaints against Banks
Posted Date : 13-Jul-2014 , 09:40:11 am | Posted By CASANSAAR

The service sector is fast growing in the country, especially with the growth of banking, which underwent a major revolution with the advent of ATMs and online services. On the flip side, complaints from customers regarding deficiencies in services being provided by the banks are also rising. An RTI...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 662

No equal treatment to good and bad borrowers: RBI
Posted Date : 07-Jul-2014 , 08:11:16 am | Posted By CASANSAAR

In a simple and clear message, Reserve Bank of India (RBI) Governor Raghuram Rajan has told officials of the Telanganagovernment they would have to differentiate a goodborrower from a bad even in the case of farm loanreschedulement to protect the banking sector.  A tea...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 472

RBI directs banks to oppose loan waiver proposal
Posted Date : 02-Jul-2014 , 08:51:36 am | Posted By CASANSAAR

A fresh diktat from the Reserve Bank of India, barring banks from giving in to government pressure and waive off farm loans, could be a death blow to lakhs of farmers, who are seeking a bailout package. At a time when governments in newly created Telangana and Andhra Pradesh are under intense press...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 500

RBI Says India to Implement US Foreign Tax Compliance Act
Posted Date : 30-Jun-2014 , 08:28:41 am | Posted By CASANSAAR

The RBI has said India and the US have agreed to implement a foreign tax compliance law and asked banks and financial institutions to register by this year-end to report accounts and assets held by US citizens.   India and the US have agreed to implement Foreign Accounts Tax Compliance Act (F...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 752

Banks should give monthly data about wilful defaulters: RBI
Posted Date : 28-Jun-2014 , 08:04:57 am | Posted By CASANSAAR

The Reserve Bank of India has mandated banks to give data about wilful defaulters each month or more frequently to the credit information companies from the beginning of 2015. According to the new regulations, banks will have to furnish data on wilful defaulters of Rs 25 lakh and above for...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 471

RBI to remain open on July 1 to facilitate public transactions
Posted Date : 27-Jun-2014 , 06:17:45 pm | Posted By CASANSAAR

This year the Reserve Bank of India (RBI) has made special provision to remain open on July 1, 2014 to facilitate settlement of market transactions as well as to facilitate the transactions of the general public.   Normally, the RBI remains closed for public transactions every July 1 on accou...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 459

News By Categories

More Categories

Search News

 
 
 

Top Most RBI News On Casansaar Includes Latest News Details On Fema Forms,Fema Declaration,Updates On Reserve Bank Of India,RBI Circulars,Sebi,CA Firm.

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.