Scheme for the amalgamation
Sep 30, 5:16 AM EST |
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| The United Western Bank Ltd. branches to operate as Industrial Development Bank of India Ltd. branches from October 3, 2006 |
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| Customers, including depositors of The United Western Bank Ltd., will be able to operate their accounts as customers of Industrial Development Bank of India Ltd. with effect from October 3, 2006. Industrial Development Bank of India Ltd. is making necessary arrangements to ensure that service, as usual, is provided to the customers of The United Western Bank Ltd. |
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Silver Jubilee Function of the RBI Archives
Sep 29, 4:53 AM EST |
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| Celebration of Silver Jubilee Inaugural Function of the RBI Archives & assumed the new name |
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| The RBI Archives has been catering to the needs of historical,legal and administrative needs of the Bank & other institutions and individuals who require information.The core activities of RBIA are to preserved photos covering important events of the Bank, digital records, published material, publications brought out,newspaper clippings and securities covering period as early as 1777 & also facilities for microfilming and scanning along with scientific repair and rehabilitation techniques. |
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91 day Treasury Bills auction
Sep 29, 5:00 AM EST |
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| The Reserve Bank of India has announced the auction for notified amount of Rs. 2000 crore under MSS |
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| The auction will be conducted on October 4, 2006 using ""Multiple Price
Auction"" method. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the Bank. Results will be announced on the same evening. Payments by successful bidders will be on Friday, October 6, 2006. |
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182 day Treasury Bills auction
Sep 29, 5:04 AM EST |
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| The RBI has announced the auction for notified amount of Rs. 1500 crore under MSS |
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| The auction will be conducted on October 4, 2006 using ""Multiple Price
Auction"" method. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the Bank.Results will be announced on the same evening. Payments by successful bidders will be on Friday, October 6, 2006. |
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Rate for US Dollar and Euro
Sep 29, 5:40 AM EST |
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| RBI Reference Rate for US Dollar and Euro |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.96 and
the Reference Rate for Euro is Rs.58.33 on September 29, 2006. The corresponding rates for the previous day (September 28, 2006) were Rs.45.92 and Rs.58.38 respectively. |
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Rate for US Dollar and Euro
Sep 28, 4:22 AM EST |
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| RBI Reference Rate for US Dollar and Euro |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.92 and
the Reference Rate for Euro is Rs.58.38 on September 28, 2006. The corresponding rates for the previous day (September 27, 2006) were Rs.45.92 and Rs.58.21 respectively. |
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Investment by FIIs under PIS
Sep 27, 4:15 AM EST |
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| Notification of RBI for Investment of Anant Raj Industries Ltd. |
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| The Reserve Bank has stated that Anant Raj Industries Ltd.,has reached the limit of 22 per cent of its paid up capital, so RBI has notified that no further purchase of equity shares of Anant Raj Industries Ltd., should be made. |
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Rate for US Dollar and Euro
Sep 27, 4:18 AM EST |
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| RBI Reference Rate for US Dollar and Euro |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.92 and
the Reference Rate for Euro is Rs.58.21 on September 27, 2006. The corresponding rates for the previous day (September 26, 2006) were Rs.45.97 and Rs.58.63 respectively. |
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Report on Cost of NRI remittances
Sep 26, 1:40 AM EST |
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| RBI releases Report of the Working Group on the Cost of Non-Resident Indian (NRI) Remittances. |
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| Remittances from NRIs constituted a significant segment of the country''s foreign exchange flows but there were concerns on the relatively high cost of remittance faced by the migrants specially for small value remittances. The Group was also asked to compare the price structure with the cost of remittances cost of remittances made out of India and identify elements that result in additional cost. |
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