RBI permits up to 74% foreign investment in DEN Networks
The Reserve Bank of India has given its approval to foreign investors to raise their stake up to 74 percent in DEN Networks. RBI said...
Tag : RBI
RBI cuts Repo Rate by 50bps at 6.75%, keeps CRR unchanged at 4%
The Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points to 6.75 percent. It has kept the CRR unchanged at...
RBI has cancelled Sahara India’s para banking license
The Reserve Bank of India has cancelled the license of the holding company, Sahara India Financial Corporation Limited, said an official on Tuesday. The action...
New Rs 1,000 notes to come soon with more security features
New Rs 1,000 notes would be issued soon by the Reserve Bank of India with the enhanced security features. According to RBI officials the objective...
RBI has extended the deadline for banks to issue chip, PIN-based cards
On Thursday, the Reserve Bank of India has extended the deadline for banks for issuing chip-based and PIN enabled debit and credit cards. According to...
RBI has given its approval to set up payments banks to Reliance, Airtel, Vodafone and eight others
On Wednesday, the Reserve Bank of India has granted ‘in-principle’ approval to 11 entities for setting up non-lending payments banks as part of the financial...
RBI has paid dividend of Rs 66,000 crore to the government
On Thursday, the Reserve Bank of India has paid a dividend of nearly Rs 66,000 crore to the government which is the highest ever from...
IDFC Bank will start lending services from October 1
The IDFC Bank will be starting its lending operations from October 1, 2015. IDFC Ltd said in a BSE filing on Tuesday that the transfer...
IDFC has got banking licence from RBI
On Firday, IDFC Ltd said that the Reserve Bank of India had granted banking licence to the financial company. The microfinance company Bandhan Financial Services and...
Gold imports grew 10.47 percent to $2.42 billion in May
In May, gold imports grew 10.47 percent to USD 2.42 billion on the declining prices and easing of restrictions by RBI. Where in 2014 in...