The government has revised the rates for various services extended at the minor and intermediate ports in the state of Andhra Pradesh.
Tag: license
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RCap expects to reduce debt if given bank license
The debt-to-equity ratio of Reliance Capital would decline to 0.5 from 1.7 if the company manages to get banking license from Reserve Bank of India (RBI). It may be recalled that the central bank invited application for new bank licenses from corporates, non banking finance companies and other entities earlier. Follo
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Continuous licensing may boost competition in banking sector
In order to ensure competitiveness in the banking sector, there is a need to adopt a 'continuous authorisation' policy, Reserve Bank of India (RBI) said in a research paper. The paper calls for reviewing the current 'Stop and Go' licensing policy and adopt a 'continuous authorisation' policy as continuous authorisation keeps the competitive pres
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RBI bans import of gold coins, medallions without licence
The Reserve Bank of India has further restricted the import of gold into the country by prohibiting inward shipment of gold coins, medallions and dores without license. From now onwards, import of gold in the form of coins and medallions is prohibited and henceforth all import of gold in any form or purity shall be subject to a licence issued by Directorate General of Foreign Trade (DGFT) prescribing 20-80 scheme, Economic Affairs Secretary Arvind Mayaram said in Delhi.
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RBI to conduct scrutiny of license applicants
Reserve Bank of India (RBI) Deputy Governor Anand Sinha informed media persons that would conduct both internal and external scrutiny to assess the applicants for new bank licenses. The central bank would set up an external scrutiny panel for this purpose after the internal scrutiny is over, Sinha, who is in-charge of banking supervision, said on the
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Odisha govt wants to reserve mines to OMC
If the state government's plan goes well, Odisha Mining Corporation (OMC) would get all the remaining mineral bearing areas in the state. Odisha government would write a letter to the union government defending its stand to reserve all balance mineral bearing areas of the state not already held under any
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Govt considering ore license for $12 bn steel project
Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei
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RBI trains guns on speculative position in NDF mkt
Reserve Bank of India (RBI) feels that foreign units of Indian companies and foreign companies in which part of equity is held by Indian firms have a role to play in the depreciation of rupee against the dollar. The central bank feels that these entities may be taking speculative position in the non-deliverable forward (NDF) market resulting in the depreciation of rupee against the
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RBI gets 26 applications for bank license
Reserve Bank of India (RBI) is learnt to have received 26 applications for banking license from corporates, non-banking finance companies (NBFCs), microfinance institutions (MFIs) and other players. The country's leading corporates like Tata Sons, Aditya Birla Nuvo , L&T Finance Holdings, a unit of engineering major Larsen & Toubro Ltd are among the aspirants for new bank license, a statement by the RBI show
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Bajaj Finserv mulls entry into banking business
Media reports indicate that Bajaj Finserv is one of the non-banking finance companies (NBFCs) that applied for a banking license with the Reserve Bank of India (RBI). Bajaj Finserv is the holding company for the financial services businesses of the Bajaj Group. After getting license, the holding firm plans to convert the assets of its subsidiary Bajaj Finance - also known as Bajaj Finserv Lending - into a bank, reports indicate