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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

23 Sep

FRESH LOOK OF MONETARY POLICY

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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

19 Sep

IDBI BANK INTEND RAISING Rs. 6000 CRORES VIA SHARE SALE

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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

15 Sep

RBI allows 100% foreign investment in Crompton Greaves

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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

15 Sep

AADHAR’S e SIGN AWAITS RBI NOD

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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

WIDER MARKET FOR STRESSED ASSETS

BE/RBI/18/2016 RBI has come out with a scheme, which it expects would result in better realization of stressed assets.  This is expected to widen the market for the sale of stressed assets. Precisely RBI permits the banks, to sell these assets to other banks, non-banking financial companies or any other financial institutions which was hitherto

07 Sep

WIDER MARKET FOR STRESSED ASSETS

Admin Bankedge

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BE/RBI/18/2016 RBI has come out with a scheme, which it expects would result in better realization of stressed assets.  This is expected to widen the market for the sale of stressed assets. Precisely RBI permits the banks, to sell these assets to other banks, non-banking financial companies or any other financial institutions which was hitherto