The government is set to remove the legal hurdle in the entry of banks into commodity futures trading, despite the Reserve Bank of India’s reservations on the issue. Banks can now trade in shares, bonds and currencies, but Section 8 of the Banking Regulation Act prohibits them from trading in goods. http://www.business-standard.com/india/news/govt-backs-banks/-entry-into-commodity-futures-trading/476217/ .
Sectoral regulator IRDA has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-want-insurers-to-provide-health-cover-up-to-65-years/articleshow/13693263.cms .
Sectoral regulator IRDA has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month. http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/irda-want-insurers-to-provide-health-cover-up-to-65-years/articleshow/13693263.cms .
The stock market regulator Securities and Exchange Board of India will compulsorily derecognise exchanges with less than Rs1,000 crore annual turnover and not applying for exit within two years.http://www.thehindubusinessline.com/markets/stock-markets/article3473775.ece .
US-based Morgan Stanley has received the go-ahead from the Reserve Bank of India (RBI) to open a branch in India, which will allow it to accept deposits from the public and compete with larger regional rivals Citibank N.A. and JP Morgan Chase and Co., as first reported by The Economic Times on Wednesday http://www.livemint.com/2012/05/30222644/Morgan-Stanley-gets-RBI-nod-fo.html?atype=tp .
US-based Morgan Stanley has received the go-ahead from the Reserve Bank of India (RBI) to open a branch in India, which will allow it to accept deposits from the public and compete with larger regional rivals Citibank N.A. and JP Morgan Chase and Co., as first reported by The Economic Times on Wednesday http://www.livemint.com/2012/05/30222644/Morgan-Stanley-gets-RBI-nod-fo.html?atype=tp .
A sharp plunge in rupee to record low below Rs 56-level today cost the top stock exchange NSE its trillion-dollar market capitalisation tag, while another bourse BSE managed to hold onto this status just by a whisker. Hit by the double-whammy of declining rupee and stock valuations, the cumulative market value of all the companies […]
Market regulator Securities and Exchange Board of India’s (Sebi) norms for alternative investment funds (AIF) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors http://www.business-standard.com/india/news/new-sebi-norms-to-hit-real-estate-funds/475195/ .
Market regulator Securities and Exchange Board of India’s (Sebi) norms for alternative investment funds (AIF) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors http://www.business-standard.com/india/news/new-sebi-norms-to-hit-real-estate-funds/475195/ .
FirstRand Bank India (FRB), a division of South African based FirstRand, has announced to offer an interest rate of 7.25 per cent on savings accounts, a bank release said. This interest rate will be offered on its savings accounts with a minimum balance of Rs 1 lakh, it added. http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/firstrand-bank-india-offers-7-25-interest-on-savings-accounts/articleshow/13397815.cms .
