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RBI Releases Report on Data Format for Furnishing of Credit Information to CICs

Mumbai (ABC Live):The Reserve Bank of India today released on its website for public comments, the Report of the Committee to recommend Data Format for Furnishing of Credit Information to Credit Information Companies (CICs). Comments may please be emailed or sent by post to Chief General Manager, Department of Banking Operations and Development, Reserve Bank of India, Shahid Bhagat Singh marg, Mumbai 400 …

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RBI Seeks Feedback on Trade Receivables and Credit Exchange for Financing MSMEs

Mumbai (ABC Live):The Reserve Bank of India has today sought feedback on the Concept Paper on Trade Receivables and Credit Exchange for Financing Micro, Small and Medium Enterprises (MSMEs). Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001 on or …

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RBI Releases data on Reserve Money, Money Supply of India

Mumbai (ABC Live):The Reserve Bank has today released data on Reserve Money for the week ended March 14, 2014 and Money Supply for the fortnight ended March 07, 2014.

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China’s Property Investors Buy 12 percent of Australia’s New Built Homes

New Delhi (ABC Live): As per the Australian Broadcasting Corporation (ABC) Chinese property investors have purchased 12 percent of Australia’s new homes with direct investment of nearly 6 billion AU dollars (5.42 billion U.S. dollars) in the last financial year. The Australian Federal Parliament’s House Economics Committee is reviewing the foreign investment laws amid fears that the local property market …

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RBI Hikes Foreign Institutional Investors Investment Limit of Tech Mahindra Limited

Mumbai(ABC Live):The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 48 percent (revised from earlier limit of 45 per cent) of the paid up capital of M/s Tech Mahindra Limited under the Portfolio Investment Scheme (PIS). M/s Tech Mahindra Limited has passed resolutions at the board of …

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RBI Releases 21st Half Yearly Report on Management of Foreign Exchange Reserves

New Delhi (ABC Live):The Reserve Bank of India has today released the 21st half yearly report on management of foreign exchange reserves with reference to September, 2013. The position of foreign exchange reserve as on February 28, 2014 is as under: US $ Billion Foreign Exchange Reserves 294.36 FCA 266.90 Gold 20.98 SDR 4.47 RTP 2.01 It may be recalled that …

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RBI to Conduct 21 -Day Term Repo Variable Rate Auction Rs 50,000 crore on 14 March

Mumbai (ABC Live): As announced on February 18, 2014, the Reserve Bank of India has decided to conduct a 21 -day term repo variable rate auction for a notified amount of `50,000 crore on March 14, 2014 (Friday). The reversal will be on April 4, 2014 (Friday). The auction will be conducted as per the revised guidelines issued on February 13, 2014. There …

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Financial Stability and Development Council Meets to implement Non-legislative Recommendations

New Delhi (ABC Live):A meeting of the Sub Committee of the Financial Stability and Development Council (FSDC) was held today in New Delhi. Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Shri Sumit Bose, Finance Secretary; Dr. Arvind Mayaram, Secretary, Department of Economic Affairs; Shri Rajiv Takru, Secretary, Department of Financial …

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RBI Releases Data of Performance of Non-financial Private Corporate Business

Mumbai (ABC Live):The Reserve Bank of India today released on its website the data on the performance of non-financial private corporate business sector during third quarter of 2013-14 (October-December 2013). The data compiled are based on the abridged financial results of 2,731 listed non-government non-financial companies. To enable comparison, similar data pertaining to Q3:2012-13 and Q2:2013-14 are also presented. Coverage of companies …

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RBI Releases Data of MGNF Large Public Limited Companies

Mumbai (ABC Live):The Reserve Bank of India today released on its website the data related to Finances of Non-Government Non-Financial (NGNF) Large Public Limited Companies, 2012-13. The data have been compiled based on audited annual accounts of 2,657 large (each with paid-up capital of `10 million and above) NGNF public limited companies. It draws a comparative picture over the three year period 2010-11 …

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