Page-24 of RBI
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The Reserve Bank of India (RBI) has withdrawn the earlier order which stipulated a 20% limit on investments by FPIs in Corporate Bonds. Why the limit was imposed and why it is being withdrawn?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 ..
Month: Current Affairs - February, 2019
RBI Sixth bi-monthly Monetary Policy Statement 2018-19: Key Facts
The important facts related to the RBI’s sixth bi-monthly monetary policy statement for 2018-19 is listed below: RBI has relaxed the CPI or retail inflation forecasts for India in FY20. Because of the low inflation forecasts, RBI has decided to ..
Month: Current Affairs - February, 2019
RBI lowers Repo Rate
The six-member monetary policy committee (MPC) headed by RBI Governor Shaktikanta Das has lowered the repo rate by 25 basis points to 6.25 per cent in a 4-2 vote. Important decisions by the MPC The features of the decisions taken by ..