Issue of Star Series Banknotes
Aug 31, 8:17 AM EST |
|
| The Reserve Bank of India will soon issue Star series banknotes. |
|
| These will be issued to begin with in Rs.10, Rs.20 and Rs.50 denominations in the Mahatma Gandhi Series-2005. The Star series banknotes will look exactly like the existing banknotes of Rs.10, Rs.20 and Rs.50 but will have an additional character, viz., *(star) in the number panel between the prefix and the serial number. |
|
|
Full Story... |
RBI Reference Rate for US dollar and Euro
Aug 31, 8:21 AM EST |
|
| Reference Rate for the US dollar is Rs.46.55 and Reference Rate for Euro is Rs.59.71 on August 31, 2006. |
|
| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.55 and the Reference Rate for Euro is Rs.59.71 on August 31, 2006. The corresponding rates for the previous day (August 30, 2006) were Rs.46.51 and Rs.59.66 respectively. |
|
|
Full Story... |
RBI releases Annual Report for 2005-06
Aug 30, 8:27 AM EST |
|
| Assessment of 2005-06 |
|
| The Indian economy recorded strong growth for the third successive year during 2005-06 in an environment of macroeconomic and financial stability, notwithstanding sustained pressures from record high international crude oil prices. |
|
|
Full Story... |
RBI Cancels Certi of Regi of BCC Finance Ltd.
Aug 29, 8:34 AM EST |
|
| The Reserve Bank of India has on August 4, 2006 cancelled the certificate of registration granted to M/s BCC Finance Limited, Indore |
|
| Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934. |
|
|
Full Story... |
3 more Banks Autho. to undertake PD business
Aug 25, 8:42 AM EST |
|
| HSBC, Bank of America, N.A and J.P.Morgan Chase Bank, N.A.,have been authorised to PD business |
|
| Three more banks, namely Hongkong and Shanghai Banking Corporation Limited, Bank of America, N.A. and J.P.Morgan Chase Bank, N.A., have been authorised to undertake Primary Dealer business with effect from Monday, August 28, 2006. |
|
|
Full Story... |
364-day Treasury Bills auction :
Aug 25, 8:44 AM EST |
|
| Rs.1000 crore under regular auction, Rs.1000 crore under MSS |
|
| The Reserve Bank of India has announced the auction of 364-day Government of India Treasury Bills for notified amount of Rs.2000 crore (Rs.1000 crore under the regular auction calendar and Rs.1000 crore under the Market Stabilisation Scheme (MSS)). |
|
|
Full Story... |
91-day Treasury Bills auction :
Aug 25, 8:46 AM EST |
|
| Rs.500 crore under regular auction, Rs.1500 crore under MSS |
|
| The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs.2000 crore (Rs. 500 crore under the regular auction calendar and Rs.1500 crore under the Market Stabilisation Scheme (MSS)). |
|
|
Full Story... |
RBI Cancels Certi of Regi of Patni Securities
Aug 25, 8:51 AM EST |
|
| RBI has on Aug 14, 2006 cancelled the Certi of Regi of granted to Patni Securities Limited, Baroda |
|
| The Reserve Bank of India has on August 14, 2006 cancelled the certificate of registration granted to Patni Securities Limited, Baroda having its registered office at Chokhandi Mohanlal Bone Setter''s Lane, Opp., Patni Wadi, Baroda – 390 001 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. |
|
|
Full Story... |
Monitoring FIIs investment in Indian Companies
Aug 25, 8:57 AM EST |
|
| RBI has notified on Aug 25, 2006 that FII can now purchase under PIS equity shares and convertible debentures of the following companies |
|
| The Reserve Bank of India has notified on August 25, 2006 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of the following companies through primary markets and stock exchanges in India upto the limits of their paid up capital shown against their names, |
|
|
Full Story... |
Monitoring FIIs investment in UTI Bank Ltd
Aug 24, 9:00 AM EST |
|
| RBI has notified on Aug 24, 2006 that FIIs can now purchase under PIS equity shares of UTI Bank Ltd. |
|
| The Reserve Bank of India has notified on August 24, 2006 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares of UTI Bank Ltd., through primary markets and stock exchanges in India upto 49 per cent of its paid up capital, |
|
|
Full Story... |
|
|
1
