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Economy

Cos can accept deposit without insurance for one year

Cos can accept deposit without insurance for…

New Delhi, Jun 11 (KNN)  The government has brought in changes for acceptance of deposits by companies allowing them to accept deposits without insurance. …
RBI asks coop banks to work for artisans, SMEs

RBI asks coop banks to work for…

Ahmedabad, Jun 11 (KNN) The Reserve Bank of India (RBI) has asked Urban Cooperative Banks (UCBs) to help reach unbanked districts and bring artisans and small…
Bankers suggest cheaper credit to mid-cap exporters, inclusion of venture capital for SMEs

Bankers suggest cheaper credit to mid-cap exporters,…

New Delhi, Jun 10 (KNN) Making cheaper credit to hundred mid-cap exporters and providing interest subsidy for solar power projects along with increased tax…
RBI asks banks to keep 60% liquidity coverage ratio from Jan 2015

RBI asks banks to keep 60% liquidity…

Mumbai, Jun 10 (KNN) The Reserve Bank of India (RBI) has finalized the banks’ liquidity coverage ratio plan and has said that the Basel III liquidity…
RBI simplifies requirement for submission of 'proof of address'

RBI simplifies requirement for submission of 'proof…

Mumbai, Jun 9 (KNN)  Having received representations from migrant workers and transferred employees regarding problems faced in submitting a proof of…
NABARD reduces rates of refinance with focus on investment credit

NABARD reduces rates of refinance with focus…

New Delhi, Jun 9 (KNN) The National Bank for Agriculture and Rural Development (NABARD) has reduced the rate of interest by 20 basis points (bps) on their…
Govt to set up task force to revive MSME sector: President

Govt to set up task force to…

New Delhi, Jun 9 (KNN) The government will set up a task force to review and revive the MSME sector, said President Pranab Mukherjee while listing out priorities…
Focus should be on skill, scale & speed to compete with China:  PM

Focus should be on skill, scale &…

New Delhi, Jun 9 (KNN)  Calling for skill development to be a priority area, Prime Minister Narendra Modi has said that the country needs to exploit the…
Govt indicates, MSMEs may receive FM attention in Budget

Govt indicates, MSMEs may receive FM attention…

New Delhi, June 7 (KNN) The MSMEs should get some attention from the new Government at the Centre as indicated by the  issues listed by the Finance…
RBI allows pledge of shares for business purposes in favour NBFCs

RBI allows pledge of shares for business…

Mumbai, June 7 (KNN) The Reserve Bank of India (RBI) has said that the shares of an Indian company held by the non-resident investor can be pledged in favour…