Page-19 of RBI
RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations
The Reserve Bank of India (RBI) has imposed a fine of 8 crores on 3 banks viz. Karnataka Bank, United Bank of India and Karur Vysya Bank for non-compliance of directions on Swift messaging software. A fine of 4 crores was ..
Month: Current Affairs - March, 2019
CSO Data on Q3 GDP
The Central Statistical Office (CSO) has released the data about the GDP for the third quarter. The important facts from the data are: Indian economy decelerated at a faster pace than anticipated in the third quarter of 2018-19 to 6.6%. ..
Month: Current Affairs - March, 2019
Cabinet approves ₹1,450 crore for share capital of RBI in NHB
The Union Cabinet headed by Prime Minister Narendra Modi has approved the Rs1,450 crore for the share capital of Reserve Bank of India in the National Housing Bank (NHB). The authorized capital of NHB stood at Rs 2000 crore of ..
Month: Current Affairs - March, 2019
RBI sets up Usha Thorat Panel on offshore rupee markets
The Reserve Bank of India (RBI) has constituted a panel under the former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency. ..
Month: Current Affairs - March, 2019
RBI, Bank of Japan sign Bilateral Swap Arrangement
Reserve Bank of India (RBI) and Bank of Japan have signed a bilateral swap agreement. The agreement was negotiated during the visit of Prime Minister Narendra Modi to Tokyo last year. Bilateral Swap Agreement The Swap agreement will provide India ..
Month: Current Affairs - March, 2019
RBI Removes three Banks from PCA Framework
The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh ..
Month: Current Affairs - February, 2019
RBI to transfer Rs 28,000 crore as Interim Dividend to Government
The Reserve Bank of India (RBI) will transfer Rs 28,000 crore as interim dividend to the government. RBI had already transferred Rs 40,000 crore to the government in August 2018 and with the additional 28,000. The government would receive a ..
Month: Current Affairs - February, 2019
RBI withdraws 20% limit on investments by FPIs in Corporate Bonds
The Reserve Bank of India (RBI) has withdrawn the earlier order which stipulated a 20% limit on investments by FPIs in Corporate Bonds. Why the limit was imposed and why it is being withdrawn? During the review of the FPI investment in corporate ..
Month: Current Affairs - February, 2019
WPI Inflation Hits 10-Month Low
The Union Ministry of Commerce and Industries has released the data on WPI Inflation. The data makes the following observations: The WPI Inflation fell to a 10-month low of 2.76 per cent in January owing to softening prices of fuel ..
Month: Current Affairs - February, 2019
Government to set-up a Unified Authority for Regulating Entities in IFSC
The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in the country. The government has approved a bill to set up a unified regulator. Fact ..