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RBI Restricts Foreign Investors to Buy Petronet LNG Shares

Mumbai: The Reserve Bank of India (RBI) on Friday said foreign investors can pick up fresh stake in Petronet LNG only after taking prior approval as overseas shareholding has reached the permissible limit in the company. 31 more words

India Banking Official: Little Impact From Greece Crisis

FILE – Reserve Bank of India (RBI) Governor Raghuram Rajan listens to a question at a news conference after the bi-monthly monetary policy review in Mumbai, India, June 2, 2015. 412 more words

Financial Crisis

RBI says willing to let foreigners hold more govt debt

The Reserve Bank of India (RBI) is committed to steadily increasing how much government debt foreign investors can buy, but will proceed cautiously to avoid becoming too reliant on overseas capital, Governor Raghuram Rajan said on Thursday. 372 more words

Discount Rate for Computing Present Value of Future Cash Flows

Please refer to paragraph 4.5 of circular DBOD.BP.BC.No.99/21.04.132/2012-13 dated May 30, 2013, in terms of which a rate equal to the bank’s Benchmark Prime Lending Rate or base rate (whichever is applicable to the borrower) as on the date of restructuring plus the appropriate term premium and credit risk premium for the borrower category on the date of restructuring will be used to discount future cash flows for the purpose of determining the diminution in fair value of loans on restructuring. 200 more words


NOC from Financer is required for opening current Account: RBI

Please refer to our circular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004 advising banks to scrupulously ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking system without specifically obtaining a No-Objection Certificate (NOC) from the lending bank(s). 271 more words


Credit Concentration Norms for NBFC

In terms of section 45IA(7)(I) of the Reserve Bank of India Act, 1934, for calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group/ subsidiaries by NBFCs, inter alia, shall be reduced to the extent such amount exceeds 10 per cent of the Owned Funds. 205 more words