Foreign investors can raise up to 100 per cent stake in Indore-based Sita Shree Food Products, the Reserve Bank said today. Foreign institutional investors/ foreign portfolio investors were allowed to buy up to 24 per cent in the company. Sita Shree Food ... Business Standard, 6 hours ago
Reserve Bank of India Deputy Governor R Gandhi said that banking services were no longer limited to banks and specialised financial technology startups were eating into the business of banks and growing exponentially.Money Control, 10 hours ago RBI deputy governor R Gandhi responds to the Watal panel report ; our take Medianama, 2 days ago
The Reserve Bank of India (RBI) has ignored requests to create guidelines on cash handling by third party providers at ATMs and bank branches, according to industry sources. This puts cash worth Rs 15,000 crore at risk on a daily basis.Money Control, 10 hours ago
RBI releases 'Quarterly Statistics on Deposits, Credit of Scheduled Commercial Banks for December 2016'
The Reserve Bank of India (RBI) on Wednesday released its quarterly statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on December 31, 2016.On a year-on-year (y-o-y) basis, aggregate deposits grew at an acceleratedpace in all population ...Business Standard, 11 hours ago
The Reserve Bank of India (RBI) today announced setting up of the inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The post RBI has setup an inter-disciplinary panel to assess and ...Tech2, 13 hours ago RBI sets up inter-disciplinary standing committee on cyber security DNA, 1 day ago RBI sets up panel to review cyber threats Money Today, 1 day ago
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MUMBAI (Reuters) - Reserve Bank of India Deputy Governor Viral Acharya has proposed setting up "bad bank"-type institutions to deal with the $133 billion in stressed assets accumulated by Indian banks after years of reckless lending. The proposal is similar ...Sify, 19 hours ago
The Reserve Bank of India (RBI) deputy governor R Gandhi on Wednesday raised concerns about virtual currencies such as Bitcoins stating that they pose potential financial, operational, legal, customer protection and security related risks and that there is no ...The Financial Chronicle, 1 hour ago Virtual currencies pose real financial risk: RBI's Gandhi Money Control, 5 hours ago RBI Deputy Guv warns against virtual currencies like Bitcoin DNA, 6 hours ago
The State Bank of India (SBI) on Wednesday said that the Reserve Bank of India (RBI) needs to give some incentives to banks for resolution of bad loans in terms of provisions or extending the deadline of March 31 to clean up their books."Wherever resolution ...Prokerala, 6 hours ago RBI should incentivise banks to clean up bad loans: SBI One India, 2 hours ago
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While the Reserve Bank and the Economic Survey of the finance ministry have projected India to grow at 6.9 per cent and 6.5 per cent in current fiscal, the International Monetary Fund estimates it to be 6.6 per cent. Paris-based think tank OECD on Tuesday cut India's growth forecast to 7 per cent for 2016-17 in view of demonetisation, but said the pace will accelerate to 7.3 per cent in the next fiscal. The Organisation for Economic Cooperation and Development (OECD) had in February last year ...Rediff.com, 1 day ago
Another banking sector fraud with “Children Bank of India” substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks’ cash outsourcing services.Money Control, 5 days ago Now ICICI Bank's ATM dispenses 'Children Bank of India' Rs 2000 note DNA, 3 days ago Unbelievable! SBI ATM dispenses fake Rs 2000 notes Money Today, 1 week ago Fake Rs 2000 notes from 'Children Bank of India' at Delhi ATM Rediff.com, 1 week ago
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