RBI unveils norms for finance firms' foray into insurance
The Reserve Bank of India (RBI) in its final guidelines for entry of NBFCs into insurance sector has retained the required net worth of a NBFC at Rs 500 crore.

ALM can be hazardous -- Tarapore
Former deputy governor of the Reserve Bank of India SS Tarapore has said that asset-liabilty management (ALM) can be hazardous as large adjustments need to be made by banks given the fact that in the local financial scene interest rate changes are often delayed and to be effective have to be large.

Action replay -- Rupee closes at an all-time low of 44.75
The rupee logged a new record low closing of Rs 44.75/77 against the dollar on Friday, as steady demand for greenback exerted pressure despite the Reserve Bank's warning to operators to refrain from excessive inter-bank speculations.


  Executive Briefing
  Tax revenue jumps 22% in first two months
  Ministry kicks off roadshows for round 2 of NELP blocks' bidding
  ECB raises rates by half a point
  IBRD clears Rs 2,270 cr for NHDP's express highway
  US treasuries hug tight range ahead of May PPI report
  Market round-up
  Exim gives $10m line of credit to Thai Exim
  43 per cent of travellers pays in plastic -- Visa