Login  |  Register  |  Forgot Password 
Below Login Ad

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

RBI asks banks to formulate UCI code for customers
Posted Date : 20-Feb-2012 , 08:29:35 am | Posted By CASANSAAR

The Reserve Bank of India has advised banks to consider putting in place unique customer identification (UCI) numbers for customers and filter out multiple banking facilities availed by them through a de-duplication exercise. Currently, the Reserve Bank guidelines permit the use of Aadhaar ...

Continue Reading...

Category : RBI | Comments : 1 | Hits : 355

RBI allows non-banking entities to set up ATMs
Posted Date : 15-Feb-2012 , 05:13:59 pm | Posted By CASANSAAR

In a move to accelerate the growth and penetrations of ATMs across the country, the Reserve Bank of India, RBI has issued draft guidelines for permitting non-banking entities to set up, own and operate such money dispensing machines.Non-bank entities proposing to set up such service will have a mini...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 395

RBI hikes bank rate after nine years to 9.5%
Posted Date : 14-Feb-2012 , 04:18:43 pm | Posted By CASANSAAR

After a gap of nearly nine years, the Reserve Bank has increased the bank rate by 3.50 percentage points to 9.5 per cent with immediate effect. "This (the increase) should be viewed and understood as one-time technical adjustment to align the Bank Rate with the marginal standing facility (MSF)...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 524

RBI asks banks to refund unclaimed deposits estimated over 1700 crore rupees
Posted Date : 08-Feb-2012 , 08:22:55 am | Posted By CASANSAAR

The Reserve Bank of India, RBI on Tuesday asked banks to locate and refund unclaimed deposits estimated at over 1700 crore rupees. In an instruction to banks, the RBI said that banks in public interest must play a more pro-active role by finding the whereabouts of the account holders of unclaimed de...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 261

Manappuram Finance cannot accept deposits: RBI
Posted Date : 06-Feb-2012 , 07:52:29 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday cautioned Kerala-based gold-loan company Manappuram Finance Ltd against accepting deposits from the public and threatened to take action if it continued doing so. RBI said acceptance of deposits either by Manappuram Finance or Manappuram Agro Farms (Mag...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 453

RBI issues fresh directive for banks on home loan
Posted Date : 04-Feb-2012 , 08:22:48 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) has asked all commercial banks to refrain from overvaluing houses while providing loans.In a notification issued from Mumbai on Friday, RBI has noticed that some banks include stamp duty, registration and other documentation charges in the cost of the house property, ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 555

RBI cuts CRR by 50 bps; interest rates unchanged
Posted Date : 24-Jan-2012 , 11:17:02 am | Posted By CASANSAAR

The Reserve Bank of India in its quarterly review meet on Tuesday cut the cash reserve ratio (CRR) by 50 bps to ease tight liquidity pressure in the banking system. RBI kept repo and reverse repo rates unchanged at 8.5% and 7.5% respectively, despite mounting anxiety over slowdown in growth. The...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 724

RBI to review its credit policy today
Posted Date : 24-Jan-2012 , 08:20:46 am | Posted By CASANSAAR

Amid slowing economic growth, the Reserve Bank of India (RBI) is reviewing its credit policy on Tuesday. RBI is not expected to cut interest rates at its review as it remains worried about inflation, but it may cut the cash reserve ratio (CRR) for banks as a way to relieve tight liquidity, a move ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 448

RBI pitches for reforms to contain fiscal deficit
Posted Date : 24-Jan-2012 , 08:14:44 am | Posted By CASANSAAR

The Reserve Bank today pitched for expediting economic reforms including reduction of subsidy and implementation of DTC and GST to contain the fiscal deficit which is expected to exceed the Budget estimate. "Prospectively, improvement in fiscal situation in 2012-13 is not only contingent upon...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 175

RBI may maintain status quo in its policy review
Posted Date : 22-Jan-2012 , 10:00:31 pm | Posted By CASANSAAR

Overlooking the demand of India Inc to lower interest rates, the Reserve Bank in its policy review may refrain from cutting policy rate as the inflation of manufactured goods is still high. "I don't see moderation in the interest rate (in the coming policy). CRR (Cash Reserve Ratio) cut I am not ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 222

Small savings interest rates will remain fixed: RBI
Posted Date : 21-Jan-2012 , 08:33:05 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) has clarified that interest rates on small savings schemes, except the PPF, will remain fixed throughout the term of schemes. In a circular, RBI said interest rate for small savings will be declared on April 1 every year and will remain valid till the maturity of the ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 391

RBI sets pay guidelines for executives in private banks
Posted Date : 14-Jan-2012 , 07:41:01 am | Posted By CASANSAAR

The Reserve Bank of India has laid down guidelines for compensation of executives at private and foreign banks aimed at preventing greed from destabilising the institution, with provisions to clawback pay if transactions fail years after origination. The guidelines based on the recommendation...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 445

RBI notifies change in single brand retail FDI policy
Posted Date : 13-Jan-2012 , 09:07:43 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) today operationalised the change in FDI policy by removing restrictions on foreign investment limit in single brand retail.  "...it has now been decided that FDI up to 100% would be permitted in single brand product trading under the government route......

Continue Reading...

Category : RBI | Comments : 0 | Hits : 250

RBI cracks the whip on overseas banks
Posted Date : 12-Jan-2012 , 08:33:14 am | Posted By CASANSAAR

The regulator said these transactions are partly responsible for sharp depreciation in the rupee against the dollar.   The Reserve Bank of India (RBI) has cracked the whip on some of the large foreign banks in the country for encouraging companies to participate in speculative trades in the...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 234

RBI for greater role of CAs in ensuring solvency of banks
Posted Date : 10-Jan-2012 , 09:22:51 am | Posted By CASANSAAR

Seeking to enhance role of auditors in ensuring solvency of banks, the Reserve Bank of India wants chartered accountants to ask pointed questions concerning risk assessment and capital adequacy of lenders. "Auditors will need to move beyond narrow transactions audit consideration to look at t...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 543

RBI cautions investors against illegal finance companies
Posted Date : 08-Jan-2012 , 07:43:55 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in the hope of getting hefty returns. "Please do not fall into the trap of hefty returns in quick succession," said RBI executive d...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 259

RBI cancels licence of Veershaiva Co-operative Bank
Posted Date : 06-Jan-2012 , 04:35:11 pm | Posted By CASANSAAR

The Reserve Bank has cancelled the licence of city-based Veershaiva Co-operative Bank, as the lender has become insolvent. "In view of the fact that Veershaiva Co-operative Bank Ltd, Mumbai (Maharashtra), had ceased to be solvent... the Reserve Bank of India delivered the order cancelling it...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 381

RBI raises Foreign Currency Convertible Bonds limit to $750 mn
Posted Date : 06-Jan-2012 , 08:29:51 am | Posted By CASANSAAR

RBI raised the annual limit of Foreign Currency Convertible Bonds (FCCBs) for companies to USD 750 million under the automatic route, which does not require prior permission from it. The limit, up from USD 500 million in a fiscal year, will not only help Indian corporate across all segments...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 286

Meeting cos’ forex obligations key: RBI
Posted Date : 06-Jan-2012 , 08:18:42 am | Posted By CASANSAAR

Reserve Bank of India (RBI) deputy governor Subir Gokarn on Thursday said it was important to ensure that companies could meet their forex obligations. From a policy perspective, he stressed that liquidity rather than cost was the issue.   “We are looking at ways to make sure the flow...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 269

RBI governor D Subbarao hints at soft monetary policy
Posted Date : 02-Jan-2012 , 08:27:55 pm | Posted By CASANSAAR

Concerned over the declining growth, Reserve Bank Governor D Subbarao has indicated that the central bank could reverse the tight monetary stance adopted by it since March 2010 to tame inflation. "From here on we could expect reversal of monetary tightening," Subbarao told the BBC in an interview...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 250

RBI unveils draft Basel III capital norms for banks
Posted Date : 31-Dec-2011 , 08:10:02 am | Posted By CASANSAAR

The RBI says Tier 1 capital comprising pure equity and statutory and capital reserves must be at least 7 per cent and total capital must be at least 9 per cent of risk-weighted assets (RWAs). In order to strengthen risk management mechanism, the Reserve Bank today issued draft guideline envisagin...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 429

RBI allows co-op banks to fix NRE deposit rates
Posted Date : 29-Dec-2011 , 09:03:43 am | Posted By CASANSAAR

The Reserve Bank today allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.Extending the ambit of its recent decision to deregulate deposit rates, RBI said, "Banks are free to determine their interest rates on both savings d...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 210

Don’t fall prey to fictitious offers: RBI
Posted Date : 28-Dec-2011 , 12:31:53 pm | Posted By CASANSAAR

The Reserve Bank of India, RBI, has cautioned the public against falling prey to fictitious offers of cheap funds that are rampant in recent times.In a press statement at Guwahati, the RBI said, the fraudsters often lure the public in the form of lottery prize money through letters, e-mails, SMS etc...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 303

RBI to buy Rs 12,000 cr worth govt securities
Posted Date : 28-Dec-2011 , 09:00:47 am | Posted By CASANSAAR

To tide over the current liquidity crisis, the Reserve Bank today announced it will purchase government securities worth Rs 12,000 crore on Thursday through open market operations. "Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquid...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 249

Spike in bad loans worries RBI
Posted Date : 23-Dec-2011 , 08:30:46 am | Posted By CASANSAAR

Bad loan growth in Indian banks this year has been over thrice the average growth in the preceding five years. While most bad loans are in retail, priority sector and infrastructure, RBI is worried about the power sector which is going through a high level of stress.&nb...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 293

RBI penalises 19 banks for flouting derivative norms
Posted Date : 21-Dec-2011 , 08:17:33 am | Posted By CASANSAAR

The Reserve Bank has imposed penalties on 19 commercial banks, including SBI, HDFC Bank, ICICI Bank and Citibank, for violating norms on derivatives, Parliament was informed. RBI has informed that they had imposed penalties on 19 commercial banks on April 26, 2011, for contravention of various...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 231

RBI allows MFIs to raise $10 mn through ECBs
Posted Date : 20-Dec-2011 , 08:06:30 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) today allowed microfinance institutions (MFIs) to raise up to $10 million through external commercial borrowings (ECBs), as against the earlier limit of $5 million, a move that will widen their fund raising sources.   "Considering the specific needs of the mi...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 194

RBI steps in as rupee tumbles
Posted Date : 16-Dec-2011 , 07:56:04 am | Posted By CASANSAAR

The Reserve Bank today swung into action to check slide in rupee value against dollar and speculations. It has imposed restrictions with immediate effect on forward trading in the local currency by Foreign Institutional Investors and traders and capped banks exposure to the forex market.The Reserve ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 364

RBI panel to discuss raising of capital by urban co-op banks
Posted Date : 14-Dec-2011 , 07:56:51 am | Posted By CASANSAAR

The issue of getting a level-playing field for urban co-operative banks vis-à-vis commercial banks with regard to raising capital and lowering the threshold for statutory investments will be taken up at a meeting of the Reserve Bank of India's standing advisory committee next week. Current...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 242

RBI caps bank equity investments in non-core business
Posted Date : 13-Dec-2011 , 07:47:03 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday for the first time imposed a cap on banks' direct or indirect equity investments in non-financial service companies, seeking to make banks focus more on their core business. The rules cap equity investments by banks in a non-financial services entity at ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 388

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.