2. RBI bans 3 MNC banks from trading in gilts
for 6 months
 RBI has pulled up foreign banks in India to trade in
government bonds.
 RBI has decided 6 months trading ban on 3 MNC’s ( Standard
Chartered, Societe generali& Calyon)
 Banks will not be able to sell securities they buy from the
market or subscribe through auction to maintain minimum
mandatory holdings in govt. bonds.

3. IPO limit for all individual investor
enhanced
 SEBI has doubled the limit for maximum application for
individual investors from Rs 1 lakh to 2 lakh across all public
issues.
 Once categorised as HNIs these investors had only 15 percent
of shares at their disposal, as against 35 percent reserved for
the retail players.
 The remaining 50 percent is set aside for institutional investors.

4. Videocon forays into general insurance
 Videocon is entering into financial services business through a
general insurance company in partnership with US based
property and casualty insurer liberty Mutual group (LMG).
 The foreigner partners will hold a maximum permissible 26
percent stake in the JV with Videocon.
 The JV will primarily focus on personal non life products like
motor, health, homes and small commercial business solutions.

5. Thanks