The rupee recovered from more-than three months low of 63.15 in early trade on dollar selling by banks.
British bank Barclays Plc could jump into the league of top three foreign banks in India from 13 at present if it succeeds in merging its Dutch rival ABN Amro with itself in a deal that could create a combined entity worth $160 billion.
In its mid-term review of Annual Policy for FY07, RBI said that this relates to standardised approach for credit risk and the basic indicator approach for operation risk under Basel II.
The Reserve Bank of India is expected to come out with comprehensive guidelines on the non-banking finance companies that are not involved in taking public deposits.
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In New York market, the dollar lost ground against most major rivals on last Friday amid mixed US data on industrial production and consumer sentiment.
The Supreme Court appointed Special Investigative Team, which is looking into the black money cases, on Thursday said it will go after the offenders "big or small" but also made it clear that the confidentiality of account holders abroad will not be violated.
The results, while bringing the Congress back to power in this state, also end the rule of the 66-year-old BJP stalwart, who has earned several monikers during his 15-year-long tenure -- Doctor saheb being a trained Ayurvedic medical practitioner, chaur wale baba for his popular rice scheme and the 'Mobile Wale Baba' for giving free smartphones to 50 lakh women and students.
The Centre on Wednesday placed a list of names of 627 Indian account holders in HSBC bank, Geneva in the black money case before the Supreme Court which asked a Special Investigation Team to go through the list and take appropriate action in accordance with law.
Raising the issue during Zero Hour, Professor Vijay Kumar Malhotra (Bharatiya Janata Party) also wanted the government to make public the report of the Enforcement Directorate on the alleged receipt of payment.
The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
The private IndusInd Bank plans to enter into strategic tie-ups with foreign banks in the US, UK and South East Asia for its expansion plans.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
SBI blamed poor coal prices for the decision to turn down the loan request.
Sentiment remains broadly supported on strong foreign buying in Indian markets, especially in debt.
The court on September 3 asked the SIT to submit its fresh report.
In Singapore, oil prices eased in Asian trade today on a mixed US inventory report indicating tepid demand, while expectations of a return of Libyan supplies also weighed, analysts said.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Foreign banking major Standard Chartered Bank has tied up with Oriental Bank of Commerce for providing agency trade services to Indian importers.
By virtue of its position as a global repository of international financial expertise
Finance firms in these SEZs likely to get tax breaks.
SBI said the crisis in Grece would have little impact on the bank.
Robust capital inflows alongside a slightly weaker greenback too reinforced the dominance of the home currency
Currently, the West Asian banking group has three branches - in Mumbai, Hyderabad and Kochi.
2013 foreign currency non-resident deposits to mature in Sep-Nov
About Rs 1,282 crore has been levied as tax in 159 cases pertaining to concealment of tax due to the government
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