Page-22 of RBI

RBI relaxes rules for NBFCs to sell or securitise their loan books to ease persistent stress in sector

November 30, 2018

Reserve Bank of India (RBI) relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books in bid to ease persistent stress in the sector. RBI has relaxed minimum holding period (MHP) requirement for originating NBFCs, in ..

Month: 

RBI liberalises norms governing external commercial borrowings for infrastructure creation

November 8, 2018

Reserve Bank of India (RBI) has liberalised norms governing external commercial borrowings (ECBs) for infrastructure creation. The provisions have been reviewed and decision has been taken in consultation with Central Government. Key Facts RBI has reduced minimum average maturity required ..

Month: 

RBI issues guidelines for facilitating money transfer among e-wallets

October 17, 2018

Reserve Bank of India (RBI) has issued guidelines for interoperability among prepaid instruments (PPI) such as e-wallets. Inter-operability is technical compatibility that enables payment system to be used in conjunction with other payment systems. RBI Guidelines The guidelines are aimed ..

Month: 

Government opens new series of sovereign gold bonds scheme for subscription

October 15, 2018

Union Government has opened new series of sovereign gold bonds scheme for subscription. Under this scheme, sovereign gold bonds will be issued every month from October 2018 to February 2019. This bond will be sold through Stock Holding Corporation of ..

Month: 

RBI shortlists 5 IT firms for implementation of Centralised information and Management System

September 24, 2018

Reserve Bank of India (RBI) has shortlisted five IT firms for implementation of Centralised Information and Management System (CIMS) for seamless data collection and validations. These five IT firms are Infosys, Tata Consultancy Services (TCS), Capgemini Technology Services India, IBM ..

Month: 

Mauritius remains top source of FDI into India in 2017-18: RBI

September 3, 2018

According to Reserve Bank of India (RBI) data, Mauritius was top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore. The total FDI in FY 18 stood at $37.36 billion in financial year which was marginal ..

Month: 

Central Board of RBI: Centre appoints Swaminathan Gurumurthy and Satish Marathe as non-official directors

August 9, 2018

Appointments Committee of Cabinet (ACC) has approved appointment of Chartered Accountant Swaminathan Gurumurthy and businessman Satish Kashinath Marathe as another non-official director on Central Board of Reserve Bank of India (RBI). They have been appointed for period of four years. ..

Month: 

RBI to pay Rs. 50,000 crore dividend to Government for FY18

August 9, 2018

The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659 crore which it transferred in 2017. Significance of Surplus RBI surplus forms ..

Month: 

India Post Payments Bank to start operations with 650 branches in August 2018

July 31, 2018

India Post Payments Bank (IPPB) is expected to go live with 650 branches in addition to 3,250 access points co-located at post offices in August, 2018 following final clearance from Reserve Bank of India (RBI) to start. RBI has given ..

Month: 

RBI to issue new 100 rupee notes in lavender colour

July 20, 2018

Reserve Bank of India (RBI) will shortly issue new Rs. 100 denomination banknotes in lavender colour in Mahatma Gandhi (New) Series. This comes on back of new designs introduced for Rs 200, Rs 500 and Rs 10 notes, in the ..

Month: