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Manju AB

  • Forex kitty may breach record on RBI's dollar buy

    Foreign exchange reserves of Reserve Bank of India (RBI) may breach record high of $321 billion scaled in January 2012 as the central bank continues to mop up dollars from the domestic market to restrain the rupee from appreciating further amid dollar inflow. Last Friday, RBI's forex kitty swelled...

    Wednesday, 30 July 2014 - 7:55am
  • Will HDFC and HDFC Bank merge to form the second largest bank in the country?

    Merger will create the second-largest bank by assets after SBI

    Tuesday, 22 July 2014 - 6:10am
  • HDFC Bank to make fresh go for raising FII bar

    Bank plans to expand equity by 5%; will have to revise proposal before FIPB to increase foreign shareholding

    Tuesday, 22 July 2014 - 7:55am
  • Calcutta High Court to decide whether Vijay Mallya is a wilful defaulter

    Kingfisher Airlines promoter Vijay Mallya faces another litigation in the Calcutta High Court today (July 21), where the company is battling with United Bank of India for not to be classified as wilful defaulter. A person declared as a wilful defaulter will lose directorship in companies, and will...

    Monday, 21 July 2014 - 5:23am
  • RBI issues guidelines for small banks

    Wish to set up a bank in India? The draft guidelines on Payments Banks and Small Banks issued by the Reserve Bank of India (RBI) on Thursday have paved the way for individuals with 10 years' experience in banking and finance sector to start a bank with a Rs 100 crore capital, of which 40%...

    Friday, 18 July 2014 - 7:25am
  • Payments and small banks coming soon

    RBI brings out draft guidelines on the two types of banks which are meant for achieving the financial inclusion targets of the government

    Friday, 18 July 2014 - 6:45am
  • SBI, ICICI set to benefit most from infra bonds

    Leading lenders having large infrastructure portfolio such as State Bank of India, ICICI Bank and Axis Bank will benefit the most from new guidelines of the Reserve Bank of India (RBI) that allowed banks to launch infrastructure bonds with special benefits. SBI has the largest infrastructure...

    Thursday, 17 July 2014 - 7:05am
  • LIC's Rs 1,280 crore rescue act for 3 banks

    Union Bank of India, Central Bank and Bank of Maharashtra to go for preferential allotment

    Tuesday, 15 July 2014 - 6:00am
  • Higher capital gains tax proposal to hit debt funds

    The government's proposal to double the long-term capital gains tax to 20% may have bearing on the investments into debt funds, feel experts. The finance minister has also proposed a longer lock-in period for long-term debt funds to 36 months instead of 12 months, which will lift the tax arbitrage...

    Friday, 11 July 2014 - 7:35am
  • Higher FDI in insurance to prop up foreign inflows

    The government in its budget announcement has proposed to raise foreign direct investment (FDI) in the insurance sector to 49% from the present 26% to encourage foreign investments and improve the insurance penetration in the country. According to estimates by Life Insurance Council, the move has a...

    Friday, 11 July 2014 - 7:00am