Restrictions on FEMA transactions lifted
New Delhi: The Government has decided to remove a number of restrictions on current account transactions under the Foreign Exchange Management Act to bring down the transaction cost for citizens and corporates.
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Moody's raises Forex Ratings of Indian Banks, FIs
London: Moody's Investors Service has changed the outlook for the long-term foreign currency deposit ratings of a number of Indian banks - currently rated Ba2 - to stable from the negative outlook for India.
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RBI eases import bills norms
Mumbai: With a view to simplifying and liberalising the procedure for imports, RBI has raised the prescribed limits of $10,000 and $25,000 for such direct receipt of import bills or documents uniformly to $100,000 or its equivalent.
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SBI Life launches Sanjeevan Supreme plan
Mumbai: SBI Life Insurance has launched Sanjeevan Supreme, a product that combines the benefits of limited premium payment option with money back.
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SBI codifies credit policy
Mumbai: In a bid to refine standards of customer service and transparency, the country's biggest bank, State Bank of India, has codified the principles governing its lending policy.
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