While the Reserve Bank of India has allowed banks to hedge the currency risk of FCNR deposits (deposits in Indian banks in dollars) with a cost of 3.5% versus ...
From the government: Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. 2,11,641 ...
The US Fed decided to keep buying bonds worth $85 billion a month. There is therefore none of the expected “taper” in the bond purchase program that had ...
Warning: This is a complicated post on banking. If you are intimidated by acronyms please do not proceed further. There is some confusion regarding the limit, ...
From the last ACC close we do seem to have some intermediate short positions showing in the MACD+Bollinger Reject system. (HT @anayash and reader Himanshu) ...
The Reserve Bank of India, after getting sick of telling banks to please not allow their clients to transfer money to forex trading accounts (forex trading ...
The incredulity in the NSEL scam never ceases to amaze. Latest is that the ex-CEO Anjani Sinha tells a judge that he is the fall guy. Here’s his full ...
MSF borrowing under the Marginal Standing Facility was 1.426 trillion (1.426 lakh crore) yesterday. This is close to the limit of 1.6 trillion that is the ...
SEBI has notified final regulations for angel funds. I have noted many of these in the past, so for background: Angel Fund Guidelines: Helps the Superangels, ...
Foreign banks are now rushing to fund Non Resident Indians who can invest the money into Indian dollar deposits under the FCNR scheme. The RBI has reduced the ...
