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IFC launches $1 billion bond programme for India IFC launches $1 billion bond programme for India The International Finance Corporation (IFC) - a member of the World Bank Group – Wednesday announced the launch of a USD 1 billion offshore rupee bond programme to strengthen India's capital markets and attract greater foreign investment.
NBFCs have advantage in bank licence application: Chakrabarty NBFCs have advantage in bank licence application: Chakrabarty Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.
Credit card loans: RBI says has no issues if done transparently Credit card loans: RBI says has no issues if done transparently The Reserve Bank Wednesday said it did not have any problem with banks offering loans to credit cardholders while purchasing goods or services but there needs to be transparency with the process.
Jignesh Shah, Massey step down from MCX-SX board Jignesh Shah, Massey step down from MCX-SX board Jignesh Shah, the promoter of Financial Technologies India Ltd, on Wednesday resigned from the board of MCX Stock Exchange, amid continuing Rs 5,600 crore payment crisis at group company NSEL.
RBI explores SMS-based mobile banking on all types of handsets RBI explores SMS-based mobile banking on all types of handsets The Reserve Bank is exploring the possibility of providing SMS-based mobile banking on all types of handsets and has formed a committee to consider the feasibility of such a facility.
IOB slashes interest rates by 2% on consumer durable loans IOB slashes interest rates by 2% on consumer durable loans Public sector Indian Overseas Bank has slashed its interest rates on consumer durable loans by 200 basis points to 13.25 percent from 15.25 percent earlier with immediate effect.
EOW arrests NSEL vice-president Amit Mukherjee EOW arrests NSEL vice-president Amit Mukherjee In the first arrest in the more than two-months old case, Amit Mukherjee, vice-president at NSEL's business development department, was called for questioning and subsequently placed under arrest for his role in the scam.
SEBI to formulate rules for cancelling errant trades SEBI to formulate rules for cancelling errant trades The SEBI sought comments and suggestions from stock exchanges and other market participants on how best to regulate the aftermath of these errant trades.
HDFC MF pips Reliance MF as most profitable fund house HDFC MF pips Reliance MF as most profitable fund house HDFC Mutual Fund has emerged as the most profitable fund house in 2012-13 with a profit after tax (PAT) of Rs 319 crore, amid weak equity markets, pushing rival Reliance Mutual Fund to the second slot.
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