In New York, the US dollar swung higher against many of its rivals on Wednesday.
Between April and August, it issued request seeking LoC against 147 individuals to prevent them from leaving the country, the bank said in response to a Right to Information query filed by Pune-based activist Vihar Durve.
The partially convertible rupee closed at 61.5350/5450 per dollar compared to 61.54/55 on Wednesday.
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
Forex dealers said besides selling of the American currency by banks and exporters, easing of norms by Reserve Bank for providing swaps to banks that are borrowing funds overseas and a higher opening in the domestic stock market also buoyed the sentiment.
They are paying a premium of Rs 700 - Rs 1,500 per 10 gm.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
In its recent report, the Financial Action Task Force has stated that 1,704 cases of money laundering are currently under probe in India. But the conviction rate in cases of money laundering, which are being probed by the task force, is a shocking three per cent.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
His remark comes hours after the government disclosed before the Supreme Court eight more names, including that of Pradip Burman, one of Dabur India promoters, a bullion trader and a Goa miner against whom it has started prosecution for allegedly stashing black money in foreign banks.
Markets ended lower on Wednesday, amid weak European cues, as investors turned cautious and booked profits ahead of the release of Fed minutes later today and Infosys' first quarter earnings on Friday.
The government on Monday disclosed before the Supreme Court eight more names including that of Pradip Burman, one of Dabur India promoters, a bullion trader and Goa miners against whom it has started prosecution for allegedly stashing blackmoney in foreign banks.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on Monday.
Through these engagements with more than 50 countries, the US is looking to implement information reporting and withholding tax provisions, commonly known as the Foreign Account Tax Compliance Act.
He had revealed confessional statements of three individuals who had used the services of a foreign bank to stash money abroad.
Roy, who has been in jail for over five months, said that he cannot reveal the name of the party and the bank, saying that their confidentiality has to be protected till the deal is signed.
"Our asset quality is sound and not a source of concern at this point. Right now, the concern is how to grow faster", says Ravneet Gill
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
Claim could be over fee for guarantees given for loans to acquire Novelis.
Professor R Vaidyanathan, who has written extensively on the issue of black money stashed abroad, tells Rediff.com's Vicky Nanjappa that it's very important for Arvind Kejriwal to reveal his source of information on his latest anti-graft expose.
ICICI Bank on Sunday said there is also enough space for Chinese banks to play a complementing role in the India.
The bank charged with helping US taxpayers hide $1.2 bn in offshore bank accounts
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
Indian companies are now more confident about the execution skills of local banks.
A Delhi court on Saturday rejected the request of arms dealer Abhishek Verma and his wife to surrender in a fresh case registered by the Central Bureau of Investigation against them for allegedly forging a letter of its senior agency official to operate his accounts in foreign banks.
Forex dealers said besides a lower opening in the domestic equity market on fears of a rate hike by the Reserve Bank, higher demand for the American currency from importers put pressure on the rupee but dollar's weakness against other currencies overseas, capped the fall.
Burman had sought permission to travel to Dubai from May 3-7.
The Congress on Thursday questioned the decision of State Bank of India to give $1 billion loan to Adani group for the development of Carmichael coal mine during Prime Minister Narendra Modi's just concluded visit to Australia.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
Lower bank rates the main draw; $6 bn to be raised in next few months.
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.
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