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Mar 29, 2014
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| RBI simplifies merchanting trade norms |
| India Infoline News Service/14:41,Mar 29, 2014 |
| The entire merchanting trade transactions should be completed within nine months and there should not be any outlay of foreign exchange beyond four months |
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| Banks and RBI to facilitate tax payments |
| India Infoline News Service/14:34,Mar 29, 2014 |
| Centralised payment systems, such as, RTGS and NEFT will also be operational on these three days |
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| RBI tightens norms for pre-paid cards |
| India Infoline News Service/14:30,Mar 29, 2014 |
| The developments in the pre-paid payment instrument segment have necessitated a comprehensive review of guidelines issued so far |
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| SML Isuzu, SBI for financing commercial vehicles |
| India Infoline News Service/12:25,Mar 29, 2014 |
| SBI will offer attractive terms and conditions to customers of SMLI for purchase of all types of commercial vehicles being manufactured by the Company |
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| StemCyte has emerged as only active player in India offering public banking facility |
| India Infoline News Service/11:55,Mar 29, 2014 |
| Company plans to expand its operations in India by opening new collection centres |
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| Banking Newsletter – March 24 to 28, 2014 |
| India Infoline News Service/09:31,Mar 29, 2014 |
| Customers should be given a free copy of their credit profile in order to promote financial discipline among loan seekers, according to an RBI (Reserve Bank of India) report. |
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Mar 28, 2014
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| Rupee ends below 60/$ after 8 months |
| India Infoline News Service/18:12,Mar 28, 2014 |
| The rupee closed at 59.92/93 against the dollar at 1025 GMT, after hitting 59.87, its strongest level since July 30.
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| The Week That Was |
| India Infoline News Service/18:11,Mar 28, 2014 |
| A pre-poll rally seems underway as indices scaled to new peaks every day this week. A strong rupee, which hit an 8-month high, moved past the 60-mark against the US Dollar. |
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| Indian residents’ financial assets abroad stand at $458.9bn in Dec |
| India Infoline News Service/18:08,Mar 28, 2014 |
| The foreign-owned assets in India increased by US$ 39.9 billion over the previous quarter to US$ 776.1 billion |
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| RBI keeps means advances to govt unchanged for FY15 |
| India Infoline News Service/17:25,Mar 28, 2014 |
| The decision has been taken after a review of the State-wise current limits of Normal WMA. |
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| RBI to conduct MSF on March 29 and 31 |
| India Infoline News Service/17:23,Mar 28, 2014 |
| The reversal of MSF operations will take place on April 2, 2014 |
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| RBI to permit Urban Cooperative Banks to invest in Security Receipts issued by SC/RC |
| India Infoline News Service/17:22,Mar 28, 2014 |
| However, UCBs must ensure that there is no order issued by a Court of competent jurisdiction restricting them from entering into such transactions. |
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| Applicable average Base Rate for NBFC-MFIs is 10.09% beginning April 01: RBI |
| India Infoline News Service/17:14,Mar 28, 2014 |
| This was communicated by the Reserve Bank of India. |
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| Rupee gains above 60/dollar, first time in eight months |
| India Infoline News Service/11:24,Mar 28, 2014 |
| The rupee rose above 60 to the dollar on Friday |
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| RBI Watch: Core inflation remains sticky; may call for more hikes |
| India Infoline News Service/10:38,Mar 28, 2014 |
| The RBI signalled in its guidance in January that it did not anticipate further tightening in the near term if the envisaged disinflationary process pans out, HSBC says |
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| General Atlantic Partners, Apax Partners in talks to buy stake in PNB Housing Fin |
| India Infoline News Service/10:06,Mar 28, 2014 |
| New Silk Route has appointed Morgan Stanley to find a buyer |
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| Lakshmi Vilas Bank plans Rs. 5.05bn rights issue |
| India Infoline News Service/09:45,Mar 28, 2014 |
| The bank filed a draft letter with SEBI seeking in-principle approval of the issue |
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| Tarullo defends tough rules for foreign banks |
| India Infoline News Service/09:11,Mar 28, 2014 |
| A few foreign banks would prefer the old system under which they held relatively little capital in their very extensive US operations, Daniel Tarullo says |
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| RBI eases primary dealers' exposure norms to QCCP |
| India Infoline News Service/09:00,Mar 28, 2014 |
| Reserve Bank would consider revised framework on PDs’ exposure to QCCP depending on international consensus in this regard.
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Mar 27, 2014
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| Credit to services sector rises 17.1% in Feb: RBI |
| India Infoline News Service/17:29,Mar 27, 2014 |
| Credit to agriculture and allied activities increased by 13.1 per cent in February 2014 |
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