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Economy

SBI to rope in private sector to implement micro-ATM standards in BC outlets

SBI to rope in private sector to…

New Delhi, Mar 31 (KNN)  Public sector lender, State Bank of India with its five Associate Banks (ABs) has drawn plans to implement micro-ATM standards…
RBI relaxes norms for merchanting trade transactions

RBI relaxes norms for merchanting trade transactions

Mumbai, Mar 31 (KNN)  The Reserve Bank of India (RBI) has revised the guidelines for merchanting trade transactions, based on the recommendations of a…
RBI Governor expresses concern over jobless growth, skill shortage

RBI Governor expresses concern over jobless growth,…

New Delhi, March 29 (KNN) Two days ahead of releasing the first quarter monetary policy for 2014-15, RBI Governor Raghuram Rajan expressed concern over the…
Exporters support new hedging rules

Exporters support new hedging rules

New Delhi, March 29 (KNN) Welcoming the revised guidelines on currency hedging for exporters and importers, allowing them to cancel contract up to 75 per cent…
India raises limit on export of river sand, stone, and pulses to Maldives

India raises limit on export of river…

New Delhi, Mar 28 (KNN) In a move which will improve trade relations with the Republic of Maldives, the Indian government has allowed the export of certain…
BSE SME gets its 54th company: Sri Krishna Prasadam

BSE SME gets its 54th company: Sri…

Mumbai, Mar 28 (KNN) The number of companies listed on the BSE SME platform has reached 54 today, with the national capital based company Shri Krishna Prasadam…
Bank credit growth to industry slows to 13.2% YoY, textile, gems & jewellery decelerated

Bank credit growth to industry slows to…

Mumbai, Mar 28 (KNN) In February, the growth in bank credit slowed to 13.2 per cent as compared with the increase of 17.4 per cent in February 2013, with deceleration…
RBI eases primary dealers' exposure ceiling to a qualified central counter party

RBI eases primary dealers' exposure ceiling to…

Mumbai, Mar 28 (KNN) With a view to promoting centralised clearing of OTC derivative products, the Reserve Bank has relaxed the stand-alone primary dealers'…
RBI relaxes forex hedging rules for exporters, importers

RBI relaxes forex hedging rules for exporters,…

Mumbai, Mar 28 (KNN) In order to give more operational flexibility to exporters and importers, the Reserve Bank has made some relaxations on the restrictions…

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