RBI Reference Rate for US dollar and Euro
Feb 28, 9:14 AM EST |
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| Reference Rate for the US dollar is Rs.43.6400 and Reference Rate for Euro is Rs.57.9400 on February 28,2005. |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.6400 and the Reference Rate for Euro is Rs.57.9400 on February 28,2005. The corresponding rates for the previous day (February 25,2005) were Rs.43.6900 and Rs.57.6600 respectively. |
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Roadmap for Presence of Foreign Banks in India
Feb 28, 9:19 AM EST |
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| RBI unveils Roadmap for Presence of Foreign Banks in India and Guidelines on Ownership and Governance in Private Banks |
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| The Reserve Bank of India (RBI) today released the roadmap for presence of foreign banks in India and guidelines on ownership and governance in private sector banks. Shri P Chidambaram, Minister of Finance, Government of India, in his speech announcing the Union Budget for 2005-2006 today, stated that the ''RBI has prepared a roadmap for banking sector reforms and will unveil the same.'' |
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Liberalised policy for banks
Feb 28, 9:23 AM EST |
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| Liberalised policy for overseas presence of Indian banks and foreign banks' presence in India |
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| The Reserve Bank of India (RBI) today announced that applications from Indian banks for setting up representative offices/branches/ subsidiary(ies) outside India as well as applications received from foreign banks for their branch presence in India would be considered based on a liberalised policy and a simplified procedure for expeditious disposal. |
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91 Day Treasury Bills Auction :
Feb 26, 9:25 AM EST |
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| Rs.500 crore under regular auction, Rs.1500 crore under MSS |
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| The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.2000 crore. Of this amount, Rs.500 crore will be auctioned under the regular auction calendar and Rs.1500 crore under the Market Stablisation Scheme (MSS). |
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364 Day Treasury Bills Auction :
Feb 26, 9:27 AM EST |
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| Rs.1000 crore under regular auction, Rs.1000 crore under MSS |
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| The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.2000 crore. Of this amount, Rs.1000 crore will be auctioned under the regular auction calendar and Rs.1000 crore under the Market Stablisation Scheme (MSS). |
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865 Bank Branches to accept IT
Feb 24, 9:29 AM EST |
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| The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank's/designated banks' counters |
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| The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. |
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Tap sale of 7.17% State Dev Loan, 2017 closed
Feb 23, 9:34 AM EST |
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| It may be recalled that the sale opened on February 22, 2005 on behalf of 16 States for an aggregate amount of around Rs. 6,300 crore. |
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| The ''on-tap'' sale of 7.17 per cent State Development Loan, 2017 in respect of the remaining ten State Governments viz., Assam, Bihar, Maharashtra, Manipur, Meghalaya, Nagaland, Sikkim, Tripura, Uttar Pradesh and West Bengal has been closed today. |
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RBI Reference Rate for US dollar and Euro
Feb 23, 9:39 AM EST |
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| Reference Rate for the US dollar is Rs.43.7200 and Reference Rate for Euro is Rs.57.9000 on February 23,2005. |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.43.7200 and the Reference Rate for Euro is Rs.57.9000 on February 23,2005. The corresponding rates for the previous day (February 22,2005) were Rs.43.7200 and Rs.57.5900 respectively. |
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Tap sale of 7.17% State Dev Loan, 2017 closed
Feb 22, 9:43 AM EST |
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| Tap sale of 7.17 per cent State Development Loans 2017 closed for six states |
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| The ''on tap'' sale of 7.17 per cent twelve years State Development Loans, 2017 has closed in respect of six States, i.e. Andhra Pradesh, Himachal Pradesh, Jammu & Kashmir, Kerala, Orissa and Punjab on receipt of the respective target amounts. Amounts of allotment in respect of these states are being advised to the investors concerned. |
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RBI Cancel Certi of Regi of CandC Bros Finlease
Feb 21, 9:50 AM EST |
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| Reserve Bank Cancels Certificate of Registration of Chopra and Cheema Bros.Finlease Private Limited, New Delhi |
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| The Reserve Bank of India, has on February 5, 2005 cancelled the certificate of registration issued to Chopra and Cheema Bros.Finlease Private Limited, having its registered office at M-450, Guru Harkrishan Nagar, Paschim Vihar, New Delhi-110 087 for carrying on the business of a non-banking financial institution. |
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