News from other websites on Reserve Bank Of India
Ahead of wedding season, Indian jewellers struggle to meet gold demand
May 20, 2013 at 17:12 | Source: FirstPost
Mumbai: Jewellers in India faced shortage of the yellow metal ahead of the key wedding season, keeping premiums supported at higher levels, despite meeting part of the demand through left over consignment stocks from banks.On May 13, the Reserve Bank...
RBI may soon launch CPI-linked bonds too
May 20, 2013 at 17:04 | Source: FirstPost
The Reserve Bank of India may switch the indexing of inflation-linked bonds to the consumer price index ( CPI) if this measure stabilises, the central bank's executive director R. Gandhi said on Monday.The RBI will sell Rs 1000 crore-2000 crore of in...
Sebi likely to get more power to tackle ponzi schemes
May 20, 2013 at 16:55 | Source: FirstPost
New Delhi: With an aim to provide stronger powers to Sebi for taking on perpetrators of ponzi schemes and other fraudulent activities, the government has proposed to arm the market watchdog with direct powers to carry out search and seizure operation...
Foreign investors can buy inflation bonds too: RBI
May 20, 2013 at 16:28 | Source: FirstPost
Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt, a senior official from the Reserve Bank of India (RBI) said on Monday.Inflation-linked bonds will be is...
Banking licence: Vikram Pandit's India play will not be easy
May 20, 2013 at 13:28 | Source: FirstPost
Even though the JM Financial stock made merry following the announcement of former Citigroup CEO Vikram Pandit's being roped in to head the banking foray at the financial services firm, obtaining a licence with his name alone will not be easy due to ...
Cobrapost: NABARD chief gives clean chit to co-operative banks
May 20, 2013 at 13:17 | Source: Economic Times
MUMBAI: Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. "Every year we do an inspection a...
BSE Sensex gains 138 points on sustained buying
May 20, 2013 at 12:52 | Source: Business Today
The BSE Sensex on Monday surged nearly 138 points in early trade on sustained buying by funds and retail investors triggered by a firming trend on other Asian bourses.Brokers said market remained bullish on reports of higher foreign fund inflows on ...
Reserve Bank of India should be regulator for home loans: SBI
May 20, 2013 at 12:51 | Source: Business Today
The Reserve Bank of India (RBI) should be the regulator for all home loans provided by banks or housing finance companies (HFCs), the State Bank of India (SBI) has suggested.Currently, RBI regulates home loans provided by all commercial banks while ...
Restructuring pressure to continue for SBI in Q4
May 20, 2013 at 12:51 | Source: Economic Times
State Bank of India could see a significant rise in its restructured assets for the fourth quarter. The country's largest bank is due to announce its fourth quarter results on Thursday, May 23, 2013. According to sources, SBI could see restructuring ...
May 20, 2013 at 11:57 | Source: Calcutta Telegraph News
Calcutta, May 19: The Central Bank of India plans to raise Rs 2,000 crore in fiscal 2013-14. “We are planning to raise about Rs 2,000 crore in the current year. This can ideally be either through qualified institutional placements or we can as...
Staying afloat on inflation-indexed bonds
May 20, 2013 at 11:57 | Source: Financial Express
The Reserve Bank of India has announced the launch of inflation-linked bonds starting June 4. Here is a lowdown on the latest investment instrument For investors who run after gold to hedge their investments against the menace of runaway inflation, ...
Rupee trading weak at 55.04 on dollar demand
May 20, 2013 at 11:57 | Source: The Hindu BusinessLine
Mumbai, May 20: At 11.50 a.m., the rupee was trading weak at 55.04 against the dollar on sustained demand for the greenback despite lower dollar overseas. Breaching the 55-mark, the rupee opened weaker at 55.06 against the dollar at the Interbank Fo...
Cyber security need of the hour: Rs 2.44 cr siphoned off from RPG Group
May 20, 2013 at 11:51 | Source: FirstPost
Last week cyber criminals hacked into the current account of Harsh Goenka-led RPG Group and siphoned off Rs 2.4 crore through 13 transactions in Mumbai. Even though Yes Bank blocked the accounts of the illegal beneficiaries, and the police seem to ha...
New bonds will insulate govt from inflation, not the poor
May 20, 2013 at 11:48 | Source: FirstPost
After the initial views that welcomed the Reserve Bank of Indias (RBI) inflation indexed bonds (IIBs), experts are now seeing the devil in the details. A column in The Economic Times by Direndra Kumar, CEO of Value Research, says that these planned I...
Why inflation bonds may not lure retail investors away from gold
May 20, 2013 at 09:32 | Source: FirstPost
The Reserve Bank of India (RBI) recently announced that it would launch Inflation Index Bonds (IIBs) on 4 June, worth Rs 1000 to Rs 2000 crore for both retail as well institutional investors. But, launching a new financial instrument is one thing, fi...
Cobrapost: Co-operative banks get clean chit from Nabard
May 20, 2013 at 08:47 | Source: FirstPost
Mumbai: Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity."Every year we do an inspectio...
Essar to ink deal with Chinese cos to tap billion dollar funds for Vadinar products
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: The Essar group, owned by billionaire brothers Shashi and Ravi Ruia, will sign agreements with a leading Chinese bank and its largest oil and gas producer and distributor, deepening the BPO to steel conglomerate's engagement with the world s...
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: The government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG), reversing the earlier practice of involving the central bank in the selection process. The two auditors app...
It will be wrong for investors to become bearish on India: Geoff Lewis, JP Morgan AMC
May 20, 2013 at 07:06 | Source: Economic Times
Geoff Lewis is executive director, global market strategist, at JP Morgan Asset Management, which manages assets worth $1.5 trillion worldwide. Prior to joining JP Morgan in 1999 as head of investment services, he had stints at Dresdner Kleinwort Be...
SBI's single regulator plan: Banks, HFCs have no regulatory arbitrage, says Keki Mistry, HDFC
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: The norms for housing finance companies (HFCs) are the same as those governing banks, said KekiMistry, the vice-chairman & CEO of India's biggest mortgage lender HDFC, responding to remarks by SBI Chairman PratipChaudhuri that HFCs enjoyed a...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
