Now banks can shift, merge or shut branches, no need to take permission from RBI August 07, 2015 12:33
In a notification published on its website, RBI said that banks can “shift, merge or close all branches except rural branches and sole semi-urban branches at their discretion”. Shifting, merging or closing a branch in…
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Modi’s foreign visits brings foreign direct investment August 06, 2015 18:13
India has received more than USD 19.78 billion of foreign direct investment (FDI) from 12 countries which was visited by Prime Minister Narendra Modi in financial year 2014-15, Parliament was informed. Indian companies have also…
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RBI has not announced any rate changes August 04, 2015 14:09
Reserve Bank of India on today kept its policy rates unchanged, while the governor Raghuram Rajan said that the headline inflation is at elevated levels and banks are yet to pass on the full benefits…
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Interest rates may be unchanged August 03, 2015 11:54
The chances of a rate revision of the Reserve Bank of India are very remote. The Export-Import Bank of India states that, the rising trend in inflation seen over the last two months and the…
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Sharekhan indulged in front running, risking security market August 01, 2015 17:04
Securities and Exchange Board of India (SEBI) has ordered impounding of unlawful gains worth nearly Rs 15 crore from the brokerage firm Sharekhan and 15 other entities. Front running is an illegal practice in the…
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NPAs worth 2,600-3,000 crore to be sold by Punjab National Bank July 29, 2015 15:43
PNB Executive Director Gauri Shankar said that PNB is planning to sell NPAs worth Rs 2,600-3,000 crore to ARCs. The total business of the bank has reached Rs 8,98,613 crore as on June 30, 2015…
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India’s sugar surplus may trigger export July 25, 2015 16:31
India, is likely to have a surplus of sugar production for the sixth straight year despite erratic rainfall. Preliminary forecast by the Indian Sugar Mills Association (ISMA) says, sugar output in the world’s second-largest producer…
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SEBI to be vigilant to avoid black money being invested in securities July 25, 2015 14:53
Supreme Court-appointed special investigations team said in its report that regulators have to provide greater oversight of money laundering in stocks as well as "black money" being repatriated to the country through investments in equity…
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74% Indians says ‘Achche din’ in Indian economy July 25, 2015 11:15
Pew research report released on July 23, 2015, said 74 percent of Indians believe that the country’s economic conditions are good, a 10 percent jump from a year ago. “In emerging markets, half or more…
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RBI Governor’s veto power to be clipped July 24, 2015 18:31
The revised draft of the Indian Financial Code (IFC), released by the finance ministry has proposed the taking away the RBI chief's authority to veto the interest rate decision of the Central bank's monetary policy…
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Boeing and Tata collaboration for Make in India July 15, 2015 17:25
Boeing and Tata Advanced Systems Limited (TASL) has signed an agreement to collaborate in aerospace and defense manufacturing and potential integrated systems development opportunities, including unmanned aerial vehicles. The agreement was signed by Shelley Lavender,…
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Tata Motors to utilize Make in India opportunity July 11, 2015 15:41
Tata Motors, is looking to clock nearly around Rs 4,000 crore in sales from the defense segment within three years. Tata Motors are hell bound to exploit the Make in India opportunity and to be…
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