Community & General Articles

GUIDELINES ON LENDING TO PRIORITY SECTOR

Posted by CMA Gul S 11 September 2007 6157 Views

GUIDELINES ON LENDING TO PRIORITY SECTOR - Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to t

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits

Posted by CMA Gul S 11 September 2007 7028 Views

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/200

Deposit Insurance

Posted by CMA Gul S 11 September 2007 4924 Views

The deposit insurance system in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (DICGC) is the body that operates the deposit insurance system. Q1 Which banks are insu

Credit Counselling : An Indian Perspective

Posted by CMA Gul S 11 September 2007 6976 Views

(Address Delivered by Dr. Y V Reddy, Governor, Reserve Bank of India at the Foundation Day Function of the Bank of India, Mumbai on September 7, 2006) Mr. Chairman, distinguished guests and friends,I am thankful to Mr. Balachandran for providing this

Glimpses of Indian Economy and its Financial Sector

Posted by CMA Gul S 11 September 2007 4942 Views

Chairman Sergey M. Ignatiev and distinguished central bankers of the Bank of Russia,I am grateful to Chairman Ignatiev for inviting me to visit your bank and interact with you for mutual benefit. I have the pleasure of meeting my friend Chairman Ign

UCBs (Urban Cooperative Banks) - Branch Licensing Policy Relaxed

Posted by CMA Gul S 11 September 2007 10436 Views

RBI/2007-2008/79UBD.CO.LS.CIr.No. 01/07.01.000/2007-08July 4, 2007The Chie Executive Officer of All Primary (Urban) Co-operative BanksDear Sir/Madam,Annual Policy Statement for the Year 2007-08-Relaxation in Branch Licensing Policy for Urban Cooperat

Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreement

Posted by CMA Gul S 11 September 2007 5560 Views

RBI/2007-08/119DBOD.No.Leg.BC. 28 /09.07.005/2007-08August 22, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs)Dear Sir,Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreementPlease refe

Monetary Policy Developments in India: An Overview

Posted by CMA Gul S 11 September 2007 5357 Views

Friends,I am honored by the kind invitation of Governor Stefan Ingves to visit Riksbank and give an address at the central bank. It is a great privilege to address an august gathering in the oldest central bank in the world, Riksbank. I came in clos

REPATRIATION / REMITTANCE PACKAGES REPATRIATION / REMITTANCE PACKAGES

Posted by CMA Gul S 11 September 2007 5067 Views

For ages Non-Resident Ordinary accounts were balances in banks to be retained and utilized in India which earned nominal interest which was subject to much forgotten tax deduction at source at flat rate of 30%.Those days are gone and now Reserve Bank

Know tax breaks well before you home in on loan

Posted by CMA Gul S 11 September 2007 5063 Views

Against the backdrop of rising property prices & interest rates, borrowers need to be aware of the tax breaks offered by home loans. Tax breaks can be availed on both components of the loan installment - principal and interest. Tax benefits, in r