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Why NRIs should invest in NRE Term Deposits for the long term?

A couple of years back, NRE deposits fetched a measly 3.75 per cent to 4.5 per cent interest rates over various tenures, as interest rates were linked to the London Interbank Offer Rate (LIBOR). Read more on LIBOR here. Thereafter, ...

RBI seeks comments on the Draft Report of the Committee on Financial Benchmarks

The Reserve Bank of India has placed on its website, the ‘Draft Report of the Committee on Financial Benchmarks' for public comments. It may be recalled that the Reserve Bank had announced the constitution of the Committee on Financial Benchmarks ...

What is LIBOR rate and its significance?

London Inter Bank Offered Rate or more commonly known as LIBOR is the average-weighted interest rate estimated by leading London-based banks for short term inter bank loans. Short-term inter bank loans are the unsecured loans tendered by one banking entity to ...

Royal Bank of Scotland fined $610 mn; settles Libor probe

State-rescued Royal Bank of Scotland said it will pay fines totalling $612 million to US and British regulators to settle allegations of Libor (London Interbank Offered Rate) interest rate rigging. RBS, which is 81-per cent owned by the British Government, ...