No deadline has been set for introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. Deccan Herald, 3 weeks ago
RBI 'no' to sharing FinMin reply on Islamic banking - Rediff.com, 2 months ago
Can't share details of govt response on Sharia banking: RBI - Money Control, 2 months ago
MyStocks MEMBER'S LOGIN MEMBER'S LOGIN X Login Failure (Please do not use this option on a public machine) Sign Up | Forgot Password? Is Reserve Bank of India a Subordinate Department of the Finance Ministry? Apr 24, 2017 The Reserve Bank of India(RBI) ...Equitymaster.com, 6 days ago RBI may get bigger role to clean up NPA mess Rediff.com, 1 month ago DeMo effect: India to grow at 7% in FY17, says OECD Rediff.com, 2 months ago India needs to create 'bad bank' quickly - Arvind Subramanian Reuters, 2 months ago
A parliamentary panel has asked the finance ministry to amend banking laws, including the State Bank of India Act, to provide for disclosure of names of loan defaulters by banks to tackle the menace of mounting non-performing assets.Section 44 of the State Bank of India Act, 1955 as well as some other clauses of confidentiality in the relevant laws invariably prohibit disclosing the names of individuals, who owe money to banks or are responsible for bad loans on account of their failure to ...Rediff.com, 1 month ago Par Panel for amending laws to disclose loan defaulters' names Business Standard, 1 month ago
The borrowing target in the first half is slightly more than the previous year as the finance ministry and the Reserve Bank of India expect spending to pick up pace early. Das justified the higher target sayingMoney Today, 1 month ago
Reserve Bank of India Governor Urjit Patel has been asked by a parliamentary panel to appear before it again on May 25 over demonetisation issue after former prime minister Manmohan Singh prevailed over Bharatiya Janata Party MPs in the panel to call him.Interestingly, Patel was spared a grilling when he had appeared before the Parliamentary Standing Committee on Finance in January this year after Singh, who himself was RBI governor once, intervened to say that the RBI as an institution needs ...Rediff.com, 1 week ago Par panel to summon Urjit Patel again on Apr 20 Deccan Herald, 1 month ago
[India], Mar. 31 (ANI): The Reserve Bank of India (RBI) is to set up a separate Enforcement Department (EFD) proposed to be opened on April 3. The initiative has been proposed to separate those who oversee the possible rule breaches and those who decide on ...Sify, 1 month ago Bankers sceptical over RBI proposal on bad loans Sify, 2 months ago India's bankers sceptical over cbank proposal on bad loans Sify, 2 months ago UPDATE 1-India's bankers sceptical over cbank proposal on bad loans Sify, 2 months ago
* NSE index down 0.24 pct, BSE index 0.04 pct lower * NSE bank index set to snap six sessions of gains * Reliance Industries top percentage gainer By Samantha Kareen Nair Feb 27 (Reuters) - India's NSE index swung betweengains and losses on Monday, taking a ...Sify, 2 months ago Nifty volatile; financials weigh on markets Sify, 2 months ago Indian shares trade lower ahead of RBI policy meet; auto stocks drag Sify, 2 months ago Sensex, Nifty trade lower ahead of RBI policy meet; auto stocks drag Sify, 2 months ago
ICICI, SBI Witnessed Most Frauds In 2016; Bank Of Maharashtra Detects Rs 6 Cr UPI Fraud, Files FIR Against 50!
As per latest Reserve Bank of India (RBI) data, ICICI Bank and SBI has emerged as the banks which witnessed most number of frauds between April-December 2016 period. Incidentally, ICICI Bank is the largest private sector bank, while SBI is the largest public ...Trak.in, 1 month ago ICICI Bank, SBI saw most frauds in first 3 quarters Sify, 1 month ago
India is a "bright spot" in the world economy, Finance Minister Arun Jaitley said as he unveiled his annual budget on Wednesday, adding the impact on growth from the government's cash crackdown would wear off soon. Delivering his fourth budget address to ...DNA, 2 months ago UPDATE 2-India budgets for recovery, and for the poor, after cash crunch Sify, 2 months ago Indian budget to try and ease pain from cash crunch Sify, 2 months ago India budgets for recovery, and for the poor, after cash crunch Sify, 2 months ago
By Abhirup Roy and Manoj Kumar MUMBAI/NEW DELHI (Reuters) - Finance ministry official Ajay Tyagi takes over as Securities and Exchange Board of India (SEBI) Chairman on Wednesday with two likely priorities - developing the country's commodity and corporate ...Sify, 2 months ago RPT-Finance ministry official Tyagi takes helm at India's market regulator Sify, 2 months ago
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