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Economy

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…
Retail inflation for agri, rural labourers decreases in December

Retail inflation for agri, rural labourers decreases…

New Delhi, Jan 22 (KNN) The retail inflation for agricultural labourers and rural labourers for December 2013 has decreased to 11.19 per cent and 11.18 per…
ICICI signs MoU with NSIC to provide credit to MSMEs

ICICI signs MoU with NSIC to provide…

Mumbai, Jan 22 (KNN) In a joint initiative to support the small industries, private sector lender ICICI bank has signed a memorandum of understanding (MoU)…
RBI sets lending limit for banks on gold loans at 75%

RBI sets lending limit for banks on…

Mumbai, Jan 21 (KNN) The Reserve Bank of India (RBI) has standardised the norms for valuation of gold jewellery as collateral for loan from banks and has barred…
RBI forms committee to review governance of boards of banks

RBI forms committee to review governance of…

Mumbai, Jan 20 (KNN) The Reserve Bank of India (RBI) has constituted an expert committee to review governance of boards of banks in India.

The…
Indo-Pak to have non-discriminatory market access to boost trade

Indo-Pak to have non-discriminatory market access to…

New Delhi, Jan 18 (KNN)  With the view to boost bilateral trade, India and Pakistan have agreed to establish non-discriminatory market access (NDMA) on…
Stock limit on edible oil, oil seeds, rice removed

Stock limit on edible oil, oil seeds,…

New Delhi, Jan 17 (KNN)  In a reprieve to traders, the government today exempted edible oil, oil seeds and rice from the stockholding limit under the…