Page-18 of RBI
RBI slaps penalty on PNB for violating SWIFT norms
The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore for violation of compliance with regulatory directions regarding SWIFT operations. The RBI has toughened the stance against banks on all kind of regulatory norms post PNB ..
Month: Current Affairs - March, 2019
India’s GDP Forecasts by Fitch Ratings
In it’s Global Economic Outlook report, Fitch Ratings has cut India’s economic growth forecast for the next financial year 2019-20 starting from April 1 to 6.8 per cent from its previous estimate of 7 per cent, on the account of ..
Month: Current Affairs - March, 2019
RBI to reform Ways and Means Advances for States
Reserve Bank of India has proposed an approach to reform new Ways and Means Advances (WMA) limits for the state governments, which will further replace the previous expenditure-based system. It will establish a panel to recommend parameters of the new ..
RBI Governor bats for Permanent Status to Finance Commission
Reserve Bank of India (RBI) governor Shaktikanta Das called for permanent status to Finance Commission. RBI Governor Shaktikanta Das is also the member of the fifteenth finance commission. Necessity of the Permanent Status The permanent status will ensure consistencies between ..
Month: Current Affairs - March, 2019
SBI, ICICI, HDFC Bank to remain D-SIBs
The Reserve Bank of India (RBI) has announced that SBI, ICICI and HDFC Banks would continue as Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs The recognition as Domestic Systemically Important Banks (D-SIBs) implies that banks are too big to ..
Month: Current Affairs - March, 2019
Retail inflation increases to 2.57% in February 2019
The Central Statistical Office (CSO) has released the data of Inflation for the month of February 2019. The data shows that: Retail inflation was at a four-month high of 2.57 per cent in February 2019 due to costlier food articles. ..
Month: Current Affairs - March, 2019
RBI replies to RTI regarding Demonetisation
The minutes of meeting which had approved the demonetisation of Rs 500 and Rs 1000 currency notes has been revealed through RTI. The government had contested that demonetisation would help curb black money and a steep rise in Rs 500 ..
Month: Current Affairs - March, 2019
Raghuram Rajan to Get Yashwantrao Chavan National Award
Raghuram Rajan, former governor of RBI has been chosen for the ‘Yashwantrao Chavan National Award 2018’ by Yashwantrao Chavan Prathisthan for his contribution to economic development. Raghuram Rajan will be presented with the award at the 106th birth anniversary of ..
Month: Current Affairs - March, 2019
RBI Eases Business Guidelines for White Label ATMs
The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs. These new guidelines increase the avenues of revenue earning for the white label ATMs. What are White Label ATMs? Automated Teller Machines (ATMs) set up, owned ..
Month: Current Affairs - March, 2019
RBI Notifies Norms for 2% Interest Subsidy Scheme for Short-term Crop Loans
The Reserve Bank of India (RBI) has notified the norms for banks with regards to two per cent interest subvention or subsidy for short-term crop loans during 2018-19 and 2019-20 under the interest subvention scheme approved by the central government. ..