Rbi Norms

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RBI tweaks norms related to acquisition for banks

"These directions are issued with the intent of ensuring that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continuing basis," it said.

Shriram Transport to raise Rs 200 cr by via masala bonds

Shriram Transport Finance today said it will issue rupee denominated bonds worth Rs 200 crore to Deutsche Bank AG, Singapore.

RBI now made party to Yes Bank case

Madhu Kapur in her petition had sought to cancel the reappointment of two non-executive directors from the board of Yes Bank. The two directors are Dewan Arun Nanda & MR Srinivasan.

Plan to convert co to small finance bank: SE Investments

As SE Investments complies with most RBI norms, the board will take final decision next week, says company MD Sunil Agarwal.

Gold zooms by Rs 685; hits over 1-mnth high on RBI measures

Gold shot up by Rs 684 to cross the one month high of Rs 28,365 per 10 grams in the national capital region on the back of brisk buying after the RBI placed fresh restrictions on gold imports.

Gitanjali Gems hits lower circuit for 11th straight session

Rating company CARE has downgraded bank facilities and instruments of Gitanjali Gems and its subsidiaries and step down subsidiaries by one notch 'on account of stressed liquidity position.'

Videocon to apply for new banking licence on Tuesday

Videocon will be applying for a banking licence on Tuesday. Talking about the contours of how it will be applying, sources told CNBC-TV18 that Videocon will create a separate subsidiary and will be roping in a foreign partner.

Failed ATM transaction:SBI to pay fine for refund delay

The State Bank of India (SBI) has been directed by a consumer forum here to pay Rs 34,000 to a customer for violating RBI norms by refunding after 189 days an amount which was erroneously debited from his account after an unsuccessful ATM transaction.

Revised NBFC guidelines to impact profitability by 25 bps

CRISIL believes that the recent draft guidelines issued by the Reserve Bank of India (RBI) for non-banking finance companies (NBFCs) will adversely affect their profitability when implemented.

Brickwork assigns BWR AA rating to SREI Infra NCD issue

Brickwork Ratings (BWR) has assigned the rating of BWR AA (BWR Double A) with a stable outlook for the proposed NCD Issue for Rs 250 Cr and proposed subordinated Tier II NCD Issue for Rs 250 Crore (INR Two Fifty crores only) SREI Infrastructure Finance Ltd (SIFL).

Cooperative banks penalised for violating RBI norms

The Reserve Bank of India has penalised three cooperative banks in Gujarat with non adherence to RBI norms out of which two have also been charged for not following the anti-money laundering (AML) guidelines.

Expect to be in the black in FY12: Pioneer Embroideries

Pioneer Embroiders announced its Q3 results. Its net sales were up 27% at Rs 46.85 crore versus Rs 36.81, year-on-year (YoY).