Business - Briefly   

Investment pattern for RNBCs

MUMBAI, JUNE 22. The Reserve Bank of India today announced rationalisation of the investment pattern prescribed for Residuary Non-Banking Companies (RNBCs) for imparting greater liquidity and safety to the investments of RNBCs and thus enhancing the protection available to the depositors. The RNBCs were directed to increase their investments from 80 per cent to 90 per cent of the aggregate liabilities to depositors on and from April 1, 2005 and to 100 per cent on and from April 1, 2006.

— Our Special Correspondent

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Indian firms' revenue up 29 p.c.
• TCS tops list with $1 b earnings
• Rupee tumbles to 11-month low
• Rangarajan for gradual move to capital account convertibility
• Market ends flat
• Intel's digital home initiative
• VSNL pays 45 p.c.
• Electrolux to invest in R&D centre
• ONGC profit dips to Rs. 8,664 cr.
• Banks to bring in more farmers under agri-credit
• Bullion rates
• Exchange rates
• Financial Times takes stake in Business Standard
• Ranbaxy gets final FDA nod
• Domestic leased line tariff
• Investment pattern for RNBCs
• Full exemption for export profits sought
• Biocon's Cuban JV expands product base
• NCR Corporation bags order for 50 ATMs
• Oracle to launch ISV Forum

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu