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CVC awaiting departmental approval to prosecute over 50 officials for graft

CVC awaiting departmental approval to prosecute over 50 officials for graft

24 Apr 2014

New Delhi: The Central Vigilance Commission (CVC) is awaiting sanction from different departments for more than four months to prosecute over 50 officials, including from IAS and IPS, for their alleged involvement in corruption.

CVC,   Delhi Jal Board,   Ministry of Personnel,   Public Grievances and Pensions,   Ministry of Home Affairs ,   Ministry of Railways ,   Bank of India ,  
RBI asks <strong>bank</strong> boards to review BCs operations, payments

RBI asks bank boards to review BCs operations, payments

23 Apr 2014

Mumbai: The Reserve Bank of India (RBI) has said that to scale up the business correspondent model, the boards of banks must review the operations of BCs at least once every six months and position of their payment of remuneration.

RBI,   bank boards,   BCs operations,   business correspondent model,   payment of remuneration,  
RBI stops banks from extending ECBs for repaying rupee loans

RBI stops banks from extending ECBs for repaying rupee loans

23 Apr 2014

Mumbai: The Reserve Bank of India disallowed overseas branches of domestic banks from extending external commercial borrowings (ECBs) to manufacturing and infrastructure companies for repaying rupee loans.

RBI,   ECB,   rupee loans,   Reserve Bank of India,   external commercial borrowings,  
10-15 percent credit, debit cards used only for online transactions: RBI report

10-15 percent credit, debit cards used only for online transactions: RBI report

23 Apr 2014

Mumbai: Of the 369 million debit and credit cards in the country, 10-15 percent are used only for online transactions, the Reserve Bank said.

rbi report,   Reserve Bank,   credit cards,   debit cards,   MasterCard,   Visa,   online usage,   online payments,   online transactions,  
RBI allows FIIs to buy further shares in South Indian <strong>Bank</strong>

RBI allows FIIs to buy further shares in South Indian Bank

22 Apr 2014

Mumbai: The Reserve Bank of India (RBI) has allowed foreign investors to buy further shares in South Indian Bank as the holding by FIIs has gone below the limit.

Reserve Bank of India,   RBI,   Foreign Institutional Investors,   Indian Economy,   South Indian Bank,  
Foreign stake: HDFC <strong>Bank</strong> says law can't apply retrospectively

Foreign stake: HDFC Bank says law can't apply retrospectively

22 Apr 2014

Mumbai: Private sector HDFC Bank said parent HDFC, which is majority-owned by FIIs, shouldn't be considered as foreign because changes in the law defining overseas stake in a firm cannot apply retrospectively.

HDFC Bank,   Private sector,   RBI,   banning foreign investors,   Supreme Court judge ,  
Panasonic and Fujitsu to form chip design, development company

Panasonic and Fujitsu to form chip design, development company

23 Apr 2014

Tokyo: Panasonic Corp and Fujitsu Ltd said on Wednesday that they would integrate part of their operations to form an independent company to design and develop system LSI chips, in which both companies will own a share.

Panasonic,   Fujitsu,   chip design,   chip development company,   LSI chips,   Development Bank of Japan,   semiconductor manufacturer,   initial public offering,  
RBI for two-stage verification for online transactions

RBI for two-stage verification for online transactions

23 Apr 2014

Mumbai: Worried over rising number of frauds in online banking, the RBI has suggested that banks introduce two-stage authentication to ensure security of transactions.

RBI,   Reserve Bank of India,   online transactions,   online transaction verification,   Enabling Public Key Infrastructure,   PKI,   Payment System Applications,  
 Muslims matter in this phase of Bihar polls

Muslims matter in this phase of Bihar polls

22 Apr 2014

Patna: Bihar's seven parliamentary constituencies that vote on Thursday have a sizable Muslim population whom candidates are earnestly wooing.

Muslims in Bihar,   Bihar elections,   Bihar polls,   election in Bihar,   Lok Sabha elections 2014,   Muslim vote bank ,  
Doha <strong>Bank</strong> to purchase HSBC <strong>Bank</strong> Oman business in India

Doha Bank to purchase HSBC Bank Oman business in India

19 Apr 2014

Dubai: Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.

Qatar-based Doha Bank,   HSBC Bank Oman,   Chairman of Board of Directors of Doha Bank,   Sheikh Fahad Bin Mohamed Bin Jabor Al Thani,  

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