New RBI norms for listed banks' quarterly reports
Mumbai: As per the new RBI norms the listed banks need not strictly comply with the Institute of Chartered Accountants of India's (ICAI) accounting standard on `interim financial reporting' (AS-25) for their quarterly reporting under the listing agreements.They would, however, be required to comply with the recognition and measurement principles laid down in AS-25 for their quarterly reports.
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Forex inflow dip to hit Govt borrowings
Mumbai: With forex inflows slowing down considerably in recent weeks and restraining the relentless build-up of the central bank's reserves, the party for large-scale market borrowings by the Government at low interest rates may soon be over.
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PNB plans two NRI branches
New Delhi: Punjab National Bank (PNB), which took over Nedungadi Bank recently, is planning to open two specialised NRI branches in Kerala as part of its post-merger business strategy for the State. The branches are likely to be located in Malappuram and Thrissur districts.
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