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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

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

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

Framework for accreditation of credit counsellors on Cards : RBI

BE/RBI/17/2016 In order to facilitate the MSME (Medium Small and Micro Entrepreneurs), in getting a hassle free credit, the Deputy Governor of RBI Mr. S S Mundra announced that a framework of accreditation of Credit Counsellors will be brought in place.  These Credit Counsellors will facilitate credit availability for small businessmen. SMSE are entrepreneurs who

Framework for accreditation of credit counsellors on Cards : RBI

BE/RBI/17/2016 In order to facilitate the MSME (Medium Small and Micro Entrepreneurs), in getting a hassle free credit, the Deputy Governor of RBI Mr. S S Mundra announced that a framework of accreditation of Credit Counsellors will be brought in place.  These Credit Counsellors will facilitate credit availability for small businessmen. SMSE are entrepreneurs who