RBI GUIDELINES

  • Walmart violated Indian rules governing foreign investment: CBI July 20, 2013

    Mumbai: Walmart Stores Inc violated Indian rules governing foreign investment, the Central Bureau of Investigation (CBI) said in a letter to a member of Parliament seen by Reuters. The CBI said in the letter that according to its analysis, Walmart's investment violated Reserve Bank of India guidelines and Foreign Exchange Management...
  • Aadhar will bring transparency in the banking sector: Latha Venketesh June 20, 2013

    With successive Cobrapost sting operations revealing widespread violation of RBI guidelines and rules by stateowned banks, private Indian banks and even foreign banks, how can the system be streamlined so that the banks tow the line? CNBCTV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q....
  • RBI releases guidelines for new bank licences February 22, 2013

    Mumbai: The Reserve Bank of India today issued the much-awaited guidelines for new bank licences, allowing corporates and public sector entities with sound credentials and a minimum track record of 10 years to enter the banking business. The Reserve Bank, which has laid down an elaborate 'fit and proper' criteria,...
  • RBI demands a makeover for loan recovery agents September 15, 2008

    Mumbai: The days of muscle flexing recovery agents could be numbered. The new and revised version of the ilk will come dressed in formals. They will appear to you, looking more like MBA students. They take notes in power point presentations. They were in the news last year for all the...
  • Come 2009, ATM use will become free March 10, 2008

    Mumbai: Come Aprill 2009 and you will be able to withdraw money from your ATM without paying any charge. The RBI released its final guidelines on ATMs charges by banks on Monday which say all ATM cash withdrawls will become free of cost with effect from April 2009. This will...