Rupee strengthens to two-year high
The gain in the partially convertible currency was magnified as the Reserve Bank of India refrained from its usual intervention, traders added.
Aug 02, 2017, 14:37 PM IST
OVL raises $1.2-bn foreign loans to buy Russia's Vankor stake
ONGC Videsh Ltd has taken a bridge loan of USD 1.2 billion from a group of foreign banks at a highly competitive rate of about 1.3 per cent to fund its acquisition of 15 per cent stake in Russia's second biggest oil field of Vankor.
May 20, 2016, 15:29 PM IST
Foreign banks not expanding due to India's riskier rating: Rajan
Foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's "higher risk" credit rating and they feel it is "not worth" doing so, Reserve Bank Governor Raghuram Rajan has said.
May 11, 2016, 11:59 AM IST
RBI revises liquidity measuring rules for Basel III
The Reserve Bank has revised certain rules on measuring liquidity for Basel III norms, providing exemption to branches of foreign banks from submitting statement with regard to foreign currency.
Mar 23, 2016, 20:00 PM IST
Maximum 4 expats in each Indian branch: RBI to foreign banks
A foreign bank can deploy a maximum of four expatriates for each branch opened in India and not more than six expatriates for their Head Office functions, the Reserve Bank (RBI) said Thursday.
Nov 26, 2015, 19:09 PM IST
Sonia Gandhi holds 2.5 lakh crores in foreign banks, alleges Subramanian Swamy
Subramanian Swamy has charged the Gandhis with another allegation saying that Sonia Gandhi holds 2.5 lakh crores in foreign banks. Check out this news.
Nov 19, 2015, 18:15 PM IST
Hawala transactions are being done in many nationalised, foreign banks across country, alleges Congress
The Congress Party on Sunday alleged that many nationalised and foreign banks were also involved in the forex scam.
Oct 11, 2015, 09:46 AM IST
Watch: Afternoon Headlines @ 1:30 pm
-MCOCA court announces the decision on the convicts of Mumbai blasts.
-INS Kochi is added to the Indian Naval Fleet today.
Sep 30, 2015, 16:10 PM IST
Black money: SC asks SIT to give progress report by Oct 7
The Supreme Court on Thursday asked the Special Investigation Team (SIT) on black money to submit the fourth report on the progress of its probe by October 7.
Sep 03, 2015, 18:20 PM IST
IBA to sign wage revision pact with banks unions on Monday
Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.
May 22, 2015, 17:31 PM IST
Late to the party, global banks try to muscle into India's start-up boom
Foreign money has been pouring into India`s fast-growing e-commerce sector, with investors ranging from Japan`s Softbank Corp to Singapore`s Temasek Holdings and GIC Private Ltd piling in.
May 11, 2015, 08:34 AM IST
Indian bank's overseas branches grew 36% in 2003-14: RBI
Indian bank's overseas branches saw robust growth overseas of 36.5 percent in 2013-14, while foreign banks in India recovered from the slowdown with a growth of 20.6 percent, RBI data showed today.
Feb 10, 2015, 22:09 PM IST
Govt mulling to broaden ambit of Predicate Offences: SIT to SC
Government is mulling to broaden the definition of "Predicate Offences" on the lines of nations like Australia, Cananda and the US to bring the offence of tax evasion under its ambit, the Supreme Court has been informed.
Jan 23, 2015, 19:34 PM IST
More interested in bringing back black money than disclosure of names: SC
Supreme Court on Tuesday said it was more interested in getting the black money stashed abroad back to the country than the disclosure of names of illegal account holders in foreign banks.
Jan 20, 2015, 20:21 PM IST
RBI modifies reporting norms for rep offices of foreign banks
The RBI on Wednesday modified reporting norms for Representative Offices (ROs) of foreign banks in the country and asked them provide details of top clients introduced to the parent bank, among others.
Dec 31, 2014, 19:59 PM IST
RBI asks FinMin to review priority lending norms
Reserve Bank has asked the Finance Ministry for a review of priority sector lending norms which the foreign banks find difficult to follow under the wholly-owned subsidiary model.
Dec 11, 2014, 21:33 PM IST
'Black money in foreign banks to return in a year'
Senior BJP leader Subramanian Swamy on Sunday expressed hope that the black money stashed in foreign banks would return to the country in about one year.
Nov 09, 2014, 23:46 PM IST
SBI to carry on in UK despite crackdown on foreign banks
State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country.
Oct 20, 2014, 22:09 PM IST
Opening account in foreign bank is not crime: AG
With the Modi government facing the arduous task of fulfilling its promise of getting back black money stashed abroad, Attorney General Mukul Rohatgi on Friday said all amounts deposited in foreign banks by Indian citizens can't be termed as black money and that it is not a crime to open such accounts.
Oct 17, 2014, 23:53 PM IST
