March 02, 2018 1:29 am
The proposal to mandate foreign banks to lend to small farmers and micro-enterprises was first mooted in April 2015 as part of the recommendations of an internal working group set up by the RBI to revisit existing priority sector lending norms.
June 02, 2015 1:18 pm
As many as 1,231 projects measuring 37,000 km have been firmed up for award by the ministry this fiscal.
April 04, 2014 1:14 am
Seetharaman said they moved the application way back in 2005 and only after Qatar allowed the SBI to open its branch last year did India give the nod.
February 20, 2014 3:07 am
The US Fed has approved a final rule that will force the American operations of foreign bank to follow the same rules as US banks.
December 05, 2013 3:22 pm
Indian rupee hit a five-week high on Thursday as exit polls predicted a strong showing for BJP.
November 27, 2013 1:57 am
RBI said it was receiving queries from foreign banks regarding capital gains tax and incidence of stamp duty.
November 07, 2013 3:15 am
Currently,all foreign banks in India are operating through the branch model.
November 07, 2013 2:37 am
Subsidiaries will have to earmark 40% lending to priority sector.
October 15, 2013 12:25 am
The BJP spokesperson,outlined the experience of foreign banks to caution against importing financial crisis.
September 19, 2013 9:33 pm
The credit in amount terms during the quarter was at Rs 55.42 lakh crore.