Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: empanelment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: VAT RATES :: cpt
 
 
« General »
 The most thrilling idea before every Budget: No income tax
 Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
 Income tax department warns people to keep away from benami transactions
 New helpline for income tax e-filing
 The Central Government notifies the Companies (Amendment) Act, 2017
 GST Returns: Government Relaxes Rectification Norms
 Will govt bring change in income tax slab? here's the present structure
 No income tax exemption to cooperative banks
 Bitcoin investors may have to pay capital gains tax
 What industry expected when Modi government implemented GST
  The Finance Resolution And Deposit Insurance Bill, 2017

RBI & Sebi to finalise MF investments for banks
December, 03rd 2010

The Reserve Bank of India (RBI) will collaborate with market regulator Securities and Exchange Board of India (Sebi) to finalise the guidelines for banks investments in mutual funds which are seen as a destabiliser during market swings.

RBI has been taking inputs from us. The apex bank is concerned about volatility in inflows into mutual funds from banks. This time, it may involve Sebi in formulating the guidelines, said S Sridhar, chairman and managing director, Central Bank , on the sidelines of a media conference ahead of the bankers conference beginning on Friday.

An analysis of the pattern of banks investment in mutual funds shows that inflows tend to be volatile, typically during the beginning and end of a quarter and also at times of a sharp surge in loan demand. One saw banks withdrawing funds from mutual funds when they had to lend over Rs 1 lakh crore loan to telecom companies to pay various spectrum fees. Mutual funds are regulated by Sebi.

The RBI has been concerned over investments in mutual funds, essentially debt funds because it amounted to diverting from its core business of lending. Besides, there have been fears of circularity of fund flows from banks to mutual funds and back through the collateralised borrowing and lending obligation (CBLO) route.

Also, mutual funds subscribed to commercial papers issued by corporates, which affected the resource flow to commercial sector by banks.

Former RBI Governor, YV Reddy, recently told ET that the circularity of investments between banks and mutual funds was one of the instances of excess of financialisation in the Indian economy, which the regulators needed to address as it did not give a clear state of the financial sector growth in the economy.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions