goahead

Bank of Maharashtra gets RBI go-ahead to set up branch in GIFT City

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Bank of Maharashtra gets RBI go-ahead to set up branch in GIFT City

New Delhi, Feb 16 (IANS) Government-owned Bank of Maharashtra announced on Sunday that it has received the RBI’s approval to set up an International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gujarat. The branch will be the Bank of Maharashtra’s first unit for offshore banking operations from India. Bank of Maharashtra Managing … Read more

RBI gives go-ahead for forward contracts in Govt securities

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RBI gives go-ahead for forward contracts in Govt securities

Mumbai, Feb 7 (IANS) The Reserve Bank Governor announced on Friday that the RBI will be introducing forward contracts in Government securities for which the directions will be issued shortly. “We have been receiving feedback about the need to allow forward contracts in Government securities to enable further market development. Such forward contracts will enable … Read more