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IDFC to apply for banking license, shares gain 2%
Jun 19, 2013 at 09:58 | Source: Moneycontrol.com
The board of directors of IDFC has approved a resolution for making an application to the Reserve Bank of India (RBl) for obtaining a banking license, based on the guidelines for licensing of new banks in the private sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013.
IDFC: Outcome of board meeting
Jun 18, 2013 at 16:36 | Source: Moneycontrol.com
IDFC at its meeting held on June 18, 2013, has approved a resolution for making an application to the Reserve Bank of India (RBl) for obtaining a Banking License, based on the Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013.
RBI relaxes some forex option premium payment rules
Jun 18, 2013 at 15:33 | Source: Reuters
The RBI on Tuesday relaxed premium payment rules on some forex options by allowing the buyer of the option to spread the premium payment over the maturity of the contract.
RBI unlikely to cut interest rate at July meet: Kotak Sec
Jun 18, 2013 at 10:02 | Source: Moneycontrol.com
Kotak economists do not see significant inflation dips immediately. Especially on the core WPI inflation, the currency depreciation bias could even lead to a moderate uptick.
Rupee falls after RBI keeps rates on hold
Jun 17, 2013 at 20:19 | Source: Reuters
Reacting to unchanged repo rates by the Reserve Bank of India in its policy review meet, the rupee fell and closed at 57.88/USD versus 57.5250/USD.
RBI policy big letdown for realty sector: MCHI-CREDAI
Jun 17, 2013 at 18:27 | Source: Moneycontrol.com
While the Reserve Bank of India on Monday maintained status quo in its mid quarter monetary policy on concern of inflation, real estate body MCHI-CREDAI expressed disappointment on the no-action.

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Deposit rates still high, June 17 to be non-event: UCO Bk
Bank Nifty can fall 4-5% more: Anand Rathi
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Bank aspirants in warm-up mode
Mumbai, June 18: Several industrialists and business groups have started securing approvals from their board of directors before getting their hand-picked entities to file applications for new bankin...
Jun 19, 2013 at 11:42 | Source: Calcutta Telegraph News
Cobrapost expose: StanChart, HSBC officials offering lockers for black money?
It seems money laundering won't see an end in India any time soon.Even after the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms,a recentCobrapost expose shows...
Jun 19, 2013 at 11:39 | Source: FirstPost
Rupee slips to new lows as Fed weighs QE pullback
Talks of possible unwinding of quantitative easing by the US Federal Reserve continued to rattle global currencies, leading to high dollar demand. In tango, the rupee slipped to all-time lows just a ...
Jun 19, 2013 at 07:45 | Source: DNA India
Rupee hits 58.7 against $, will it depreciate more and surpass its record low?
The rupee fell 1.5 percent to a record closing low on Tuesday over concerns that the country's current account deficit made the currency especially vulnerable to any scaling back of the U.S. Federal R...
Jun 19, 2013 at 07:15 | Source: FirstPost
Sensex to touch 21,000 by year end: Reuters poll
BANGALORE/MUMBAI (Reuters) - Battered Indian stocks will bounce back in the second half of 2013, according to a Reuters poll of leading equity strategists who cited hopes of economic recovery and furt...
Jun 19, 2013 at 05:30 | Source: FirstPost
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