RBI to issue consolidated norms for forex loans, masala bonds by month end; key things to know – The Financial Express

In a bid to consolidate the regulations pertaining to borrowing and lending transactions of resident Indians as well as others the Reserve Bank of India (RBI) will issue consolidated norms for forex loans as well as masala bonds. The RBI will also issue draft directions for allowing non-resident Indians access to the Rupee Interest Rate Derivatives (IRD) market in India for non-hedging purposes.In a bid to consolidate the regulations pertaining to borrowing and lending transactions of resident I...
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Bank shares fall up to 3.5% as RBI keeps rates unchanged; IDFC, IndusInd, ICICI Bank major losers – The Financial Express

As Reserve Bank of India (RBI), in its 5th bi-monthly monetary policy review, kept the key rates unchanged, the shares of banks plunged up to 3.5 percent. The BSE Sensex plunged 249.90 points, or 0.69 percent, to close at 35,884.41.As Reserve Bank of India (RBI), in its 5th bi-monthly monetary policy review, kept the key rates unchanged, the shares of banks plunged up to 3.5 percent. The stock price of IDFC bank fell 3.46 percent, IndusInd bank 2 percent, ICICI bank 1.93 percent on the BSE today...
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