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 ..