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Kashmiri people perform transactions at bank in Srinagar

RBI eases banks' term deposit restrictions
MUMBAI (Reuters) - The Reserve Bank of India (RBI) has removed restrictions imposed on banks which earlier prevented lenders from levying penalty on customers for foreclosure of some term deposits. The RBI said, in a notification issued on Monday, banks can formulate their own interest rate policies on foreclosure of term deposits for better asset-liability management. Earlier, the RBI had said

India's RBI eases banks' term deposit restrictions
- The Reserve Bank of India has removed restrictions imposed on banks which earlier prevented lenders from levying penalty on customers for foreclosure of some term deposits.

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Oil India says expects govt to pare stake in firm in 2012/13
NEW DELHI (Reuters) - Oil India Ltd expects the government to sell some of its stake in the company during the year to March 2013, the state-run company's finance chief said on Monday,

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(Following Advance for Use Sunday, June 3)

Today is Sunday, June 3, the 155th day of 2012. There are 211 days left in the year.

Today's Highlight in History:

On June 3, 1937, Edward, The Duke of Windsor, who had

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Khyber Agency: Another Futile Operation

On May 16, 2012, Khyber Pakhtunkhwa (KP) Governor Masud Kausar declared that about 90 percent of the seven tribal agencies in Federally Administered Tribal areas (FATA) and Frontier Regions (FRs) were under complete Government control, as a result of 'successful action' by the Security Forces (SFs): "I must say, apart from North Waziristan Agency and some parts of South Waziristan Agency, the remaining FATA is clear now and the Government writ is being consolidated."

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UPDATE 1-Coal India Q4 net slips 5 pct, lags estimate
* Q4 net profit slips 5 pct from year earlier

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