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RBI
Eases Advance Remittance Norms
Mumbai: The Reserve Bank of India has liberalised
the procedure for advance remittance by authorised dealers
of over $100,000 or equivalent without bank guarantee
for import of goods into India.
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NRI-owned
overseas firms on par with foreign investors'
Mumbai: The Reserve Bank of India has today permitted
overseas entities owned by non-resident Indians (NRIs)
to enjoy all the facilities available to any foreign investor,
including automatic route for foreign direct investment.
However,
these entities will not be able to enjoy any special facilities
such as holding NRE, NRO, FCNR(B), savings or current
accounts.
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RIB
outflows will not impact markets
Mumbai: With the Resurgent India Bonds redemptions
just a fortnight away, the Reserve Bank of India has reiterated
that ` no cognisable impact' is anticipated in the financial
markets on account of the dollar outflow.
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SBI
computerisation drive
Kochi: All branches of SBI in Kerala will be fully
computerised soon, Mr C. Narasimhan , Chief General Manager,
Kerala circle, said while inaugurating the full branch
computerisation of the Ernakulam South branch.
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SBI,
Bajaj Auto sign pact
Mumbai: State Bank of India and Bajaj Auto Ltd
on Thursday announced a strategic tie-up to offer loans
for its two-wheeler customers.
The
two entities signed an agreement entering into a preferred
relationship for extending consumer finance all across
the country.
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LIC
in pact with SBI Caps
Mumbai: Life Insurance Corporation of India (LIC)
has entered into a strategic alliance with SBI Caps to
avail of the merchant banker's investment banking and
project advisory services.
LIC
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