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Likely Rate cut in next month RBI’s monetary policy

BE/RBI/22/2016 The possibility of a rate hike in December by the US Federal Reserve – the central bank of the United States that controls the country’s money supply – and the expectation of the inflation falling further in India, may give adequate room for the new Reserve Bank of India Governor Urjit Patel to go

Likely Rate cut in next month RBI’s monetary policy

BE/RBI/22/2016 The possibility of a rate hike in December by the US Federal Reserve – the central bank of the United States that controls the country’s money supply – and the expectation of the inflation falling further in India, may give adequate room for the new Reserve Bank of India Governor Urjit Patel to go

FRESH LOOK OF MONETARY POLICY

BE/RBI/20/2016 Now interest rates, will no more be decided by the RBI Governor, as the sole authority. The Government has appointed three members to the Monetary Policy Committee (MPC). The first review meeting is scheduled for October 4 2016. Following are the three academicians occupying the post: Mr. Chetan Ghate, Associate Professor at the Indian

FRESH LOOK OF MONETARY POLICY

BE/RBI/20/2016 Now interest rates, will no more be decided by the RBI Governor, as the sole authority. The Government has appointed three members to the Monetary Policy Committee (MPC). The first review meeting is scheduled for October 4 2016. Following are the three academicians occupying the post: Mr. Chetan Ghate, Associate Professor at the Indian

IDBI BANK INTEND RAISING Rs. 6000 CRORES VIA SHARE SALE

Investment banks have had a meeting with IDBI Bank this week in Mumbai to plan out institutional share sale and offering of preferential shares to big investor who may also take over the management of the bank. This fund raising is expected to help the Bank strengthen its balance sheet and strap out the bad

IDBI BANK INTEND RAISING Rs. 6000 CRORES VIA SHARE SALE

Investment banks have had a meeting with IDBI Bank this week in Mumbai to plan out institutional share sale and offering of preferential shares to big investor who may also take over the management of the bank. This fund raising is expected to help the Bank strengthen its balance sheet and strap out the bad

RBI allows 100% foreign investment in Crompton Greaves

Reserve Bank has allowed foreign investors to buy up to 100 per cent in Crompton Greave Consumer Electricals Ltd. “Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS),” RBI said in

RBI allows 100% foreign investment in Crompton Greaves

Reserve Bank has allowed foreign investors to buy up to 100 per cent in Crompton Greave Consumer Electricals Ltd. “Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS),” RBI said in

AADHAR’S e SIGN AWAITS RBI NOD

The ministry of electronics and IT (MEIT) had written to the Reserve Bank of India (RBI) last week requesting for clear directions from the banking regulator for the use of e-sign — an Aadhaar-based electronic signature mechanism developed by the government. Even though the e-sign system is fully developed and operational, many agencies have apprehensions

AADHAR’S e SIGN AWAITS RBI NOD

The ministry of electronics and IT (MEIT) had written to the Reserve Bank of India (RBI) last week requesting for clear directions from the banking regulator for the use of e-sign — an Aadhaar-based electronic signature mechanism developed by the government. Even though the e-sign system is fully developed and operational, many agencies have apprehensions