Achievements of the Indian Banking System

Strong Fundamentals: The IBA-FICCI-BCG Report (August 2011), says that India’s Gross Domestic Product (GDP) growth will make the Indian banking industry the third largest in asset size in the world by 2025′. This report gives a very hopeful picture of ..

Month: Current Affairs - February, 2012

Current Monetary Policy of Reserve Bank of India: 3rd Quarter Review 2011-12

Background: The Reserve Bank began exiting from the crisis driven expansionary policy in October 2009. Between January 2010 and October 2011, the Reserve Bank cumulatively raised the cash reserve ratio (CRR) by 100 basis points and the policy rate (the ..

Month: Current Affairs - February, 2012

A look into recent RBI decisions

The Reserve Bank of India’s third quarter recapitulation of monetary policy was devoid of major surprises. The only change in monetary policy instruments was a cut in the Cash Reserve Ratio (CRR) by 0.50% point to 5.5%. This decision will ..

Month: Current Affairs - February, 2012

Property transaction Norms for NRIs, eased by RBI

The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it ..

Month: Current Affairs - December, 2011

Differentiated Bank Licences and Issues with New Licenses in India

The Indian financial system currently consists of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The commercial banks can be divided into categories depending on the ownership pattern, viz. public sector banks, private sector banks, foreign banks. ..

Month: Current Affairs - November, 2011

Business & Economy : October 26-27, 2009

October 26, 2009 : ING seperates Banking and Insurance Business.ING group will move towards a complete separation of its banking and life insurance operations as part of its ongoing Back to Basics programme.This seperation will be achieved over the next ..

Month: Current Affairs - October, 2009

General Compendium-3

Plantation CropsCentral Plantation Crops Research InstituteFirst National Forest Policy of India:New Forest Policy, 1988Free Enterprise Economy or Laissez Faire systemGovernment Controlled EconomyNational Security Exception Act (NSEA)UN Millenium Development GoalsIndia ‘s FDI policyNational Biofuel Policy 2008Darfur Humanitarian Crisis:Scheduled Commercial Banks In ..