In yet another move to close the regulatory gap between banks and shadow banks, the Reserve Bank of India (RBI) has mandated exposure limits to the non-banking finance companies, in line with commercial banks. In the large exposure framework released on Tuesday, the regulator capped aggregrate exposure of NBFCs which are in the upper layer toward one entity at 20 per cent of capital base. The limit can only be extended by another 5% with board's approval. For a particular borrower group, the cap is at 25 per cent, with additional 10 per cent if exposure is towards infrastructure.
The UK said the deployment of the carrier strike group marks the start of "a new era of defence cooperation with allies in India and the Indo-Pacific."
During that period, the World Bank Group's private sector arm, IFC, committed $1.2 billion in India.
Citigroup and the International Finance Corporation will be launching a funding tie-up worth $1.25 billion, aimed at boosting global trade flows, says a media report. As per the deal, Citi would provide $750 million to banks in Asia, the Middle East, Africa and Latin America over a three-year period, it added.
The MPC states that the 4 external members will have a tenure of four years each.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
State Bank of India (SBI) and Macquarie Capital Group said on Wednesday they intended to raise a new $2 billion fund that would invest in direct infrastructure investment opportunities in India.A memorandum of understanding was signed by SBI and Macquarie to manage the proposed fund. The International Finance Corporation (IFC), as one of the fund's cornerstone investors, will also have a stake in the proposed fund management company.
At the end of October, Sri Lanka President Maithripala Sirisena handed over the deeds for the transfer of 116 hectares in Colombo Port City to China Harbour Engineering Company on a 99-year lease to build a financial centre.
The Maharashtra government, which is finding difficult to get investors for irrigation projects in the state, has now decided to rope in the International Finance Corporation (IFC), World Bank's lending arm for the private sector.
The High-Powered Expert Committee report sounds impatient on various issues like capital account convertibility.
It has to put in place the physical and social infrastructure for getting an international finance centre along with expediting reforms in the financial sector.
Offshore rupee debt was likely to attract good demand
The actress was joined by director Michael Winterbottom, among others.
India's diverse and dynamic states contribute towards making India an economic power.
Govt likely to get full control on policy rate.
The company is set to be India's first microlender to become a bank
India is the largest client for the World Bank Group.
Which are India's most competitive cities? The City Competitiveness Report 2011 -- unveiled by an international think tank, Institute For Competitiveness (IFC) -- aims to answer this question. Read on . . .
Pooja Kumar, who stars in Haasan's Vishwaroopam, talks about her experience of working with the icon.
The Financial Sector Legislative Reforms Commission, chaired by Justice B N Srikrishna, has suggested a non-sectoral, principle-based approach to revamp the existing framework.
Ranks 132 among 185 countries; position for 2013 unchanged from 2012.
There have been many efforts in the past to develop Mumbai into an IFC, while an expert group was also set up by the government years ago to study this possibility.
Recently listed companies scored 54, compared to 58 for the BSE100 firms and 61 for entities in the Sensex pack. The report noted that issues remain in IPO companies in which there seems to be a need to institutionalise governance practices.
'This is happening regardless of the Budget.'
Urjit Patel panel wanted all members to be appointed by RBI
The low budget television series starring Chris Kattan, Neha Dhupia and Pooja Kumar premiered in New York.
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
State-run Rural Electrification Corporation on Monday said the Reserve Bank has granted it the infrastructure finance company status which would allow the firm to lend more to power projects.
Overseas Indian Affairs Minister Vayalar Ravi, who met with an accident in Liberia, will be airlifted to Chennai for further treatment.
Contact could not be established with the Indian Air Force flight IFC 31 after it left Male ATC for Mauritius airspace on Saturday, the Airports Authority of India said in a statement.
Of the seven members, four are proposed to be government nominees and the rest from RBI.
Amrit Kaur, a Sikh woman, has been elected as the president of the InterFaith Conference of Metropolitan Washington, an organisation which represents 11 world religions.
The report finds it is easiest to start and operate a business in Ludhiana, Hyderabad and Bhubaneshwar, the report 'Doing Business In India 2009' said. Besides these three cities, Ahmedabad, New Delhi, Jaipur, Patna, Chennai, Indore, Mumbai, Ranchi, Guwahati, Kolkata and Kochi are some other cities where setting up and operating a business is easy, the report added.
Finance firms in these SEZs likely to get tax breaks.
Apollo Hospitals group is open to investing in health care start-ups says its director Sangita Reddy.
This is in addition to the $3 billion (around Rs 15,000 crore) infrastructure fund being set up in association with the Macquarie group and International Finance Corporation. Though SBI would be a late entrant to the private equity space, Bhatt was confident that it would not be a deterrent.
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