The Hindu Business Line : Money & Banking

June 1: The Reserve Bank of India notifies that domestic producers and users of aluminium, copper, lead, nickel and zinc can hedge their price risk by taking hedge positions in international commodity futures exchanges.

National Housing Bank says married couples where one of the partners is below 60 years can now avail themselves of reverse mortgage loan (RML) facility.

June 4 : Senior citizens who have made deposits under the Senior Citizens Savings Scheme will not be subjected to tax deduction at source (TDS) on interest earnings up to Rs 10,000 in a financial year.

June 11: Bond prices crash by nearly a rupee reacting to RBI’s announcement of Treasury bill and government security auctions worth Rs 22,000 crore this week.

June 15: The Union Cabinet on Friday approves the promulgation of an Ordinance to enable the transfer of Reserve Bank of India’s entire shareholding in the State Bank of India to the Central Government.

June 18: Repco Bank sets up a NBFC subsidiary exclusively for SME financing.

June 19: SBICAP Securities Ltd obtains licence from the Reserve Bank of India to offer portfolio management services.

June 28: The Reserve Bank of India says banks can undertake pension funds management only through subsidiaries (set up for the purpose) with which the banks will maintain an ‘arm’s-length’ relationship and not departmentally.

June 30: Crisil assigns first set of Bank Loan Ratings based on Basel II, the new regulatory framework on capital adequacy for banks.

Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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