Companies borrowing overseas can park funds in India: RBI
In a significant move, the Reserve Bank of India (RBI) has allowed companies borrowing overseas to park the funds as…
24 NOV 2014
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Jan Dhan life cover to cost Rs 90
Beneficiaries under the Prime Minister’s Jan Dhan Yojana will have to shell out Rs 90 to avail the benefit of…
18 NOV 2014
Rural banks can appoint NBFCs as Business Correspondents
The Reserve Bank of India has modified the eligibility criteria for individuals and entities to be appointed as Business Correspondents…
18 NOV 2014
Stricter norms unsuccessful at tackling ‘shadow banking’
Despite RBI tightening the noose around shadow banks with stricter rules, little has been done to tackle the complex problem…
13 NOV 2014
Financial sector to spend Rs 469 bn on IT in 2014: Gartner
Indian banking and securities companies will spend Rs 469 billion on IT products and services in 2014, an increase of…
13 NOV 2014
