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Economy

Bank notes issued prior to 2005 will continue to be legal, clarifies RBI

Bank notes issued prior to 2005 will…

Mumbai, Jan 24 (KNN) Complying with the standard international practice to withdraw old series notes, RBI has decided to withdraw banknotes issued prior to…
Credit growth to industrial sector slowed to 14.1% in December 2013

Credit growth to industrial sector slowed to…

Mumbai, Jan 24 (KNN) Due to the sluggish economic growth, the credit growth to the industrial sector witnessed slowdown on a year-on-year basis with the small…
Procedure for pan allotment process to change from Feb

Procedure for pan allotment process to change…

New Delhi, Jan 24 (KNN)  The procedure for PAN allotment process will change with effect from February-3 according to a notification from the Ministry…
RBI makes NBFCs loan recast flexible

RBI makes NBFCs loan recast flexible

Mumbai, Jan 23 (KNN) The Reserve Bank of India (RBI) has announced new guidelines giving more flexibility to the non-banking finance companies (NBFCs) to deal…
GDP growth to slow down to 4.8% in current fiscal: FICCI Survey

GDP growth to slow down to 4.8%…

New Delhi, Jan 24 (KNN)  Findings of FICCI’s latest economic outlook survey have pointed to continued signs of moderation in economic activity,…
Govt formulates guidelines for third party audit

Govt formulates guidelines for third party audit

New Delhi, Jan 23 (KNN) The government has formulated guidelines to provide for a third party audit by the public authorities of the proactive disclosures…
RBI withdraws currency notes issued prior to 2005; urges public not to panic

RBI withdraws currency notes issued prior to…

Mumbai, Jan 23 (KNN) The Reserve Bank of India (RBI) has decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000…
BSE SME platform now has 45 companies

BSE SME platform now has 45 companies

Mumbai, Jan 23 (KNN)  Suyog Telematics Limited yesterday became the 45th company to get listed on the BSE SME trading platform.

RBI eases cheque credit for 3rd party account for co-op credit societies

RBI eases cheque credit for 3rd party…

Mumbai, Jan 23 (KNN) Keeping in view the difficulties faced by the members of co-operative credit societies in collection of account payee cheques, the Reserve…
RBI advises banks to adhere to NEFT guidelines

RBI advises banks to adhere to NEFT…

Mumbai, Jan 23 (KNN)  Owing to many customer complaints about the National Electronic Fund Transfer (NEFT) system and many banks being unable to guide…

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