Page-24 of RBI
RBI eases External borrowing norms to enable cheaper funds
The Reserve Bank of India (RBI) has further liberalised External Commercial Borrowings (ECB) Policy by including more sectors in the window in a bid to facilitate cheaper access of overseas funds to Indian companies. Key Facts RBI has stipulated uniform, ..
Month: Current Affairs - April, 2018
India’s forex reserves at record high of $424.864 billion: RBI
According to the Reserve Bank of India (RBI), India’s forex (foreign exchange) reserves have touched record high of $424.864 billion in April 2018. The surge was due to massive spike in foreign currency assets (FCAs), a key component of the ..
Month: Current Affairs - April, 2018
RBI switches back to GDP model from GVA model to measure economy
The Reserve Bank of India switched back to gross domestic product (GDP) model from the gross value added (GVA) methodology to provide its estimate of economic activity in the country. The switch to GDP is mainly to conform to international ..
Month: Current Affairs - April, 2018
RBI’s first bimonthly policy FY 2018-19: Policy rates unchanged
The Reserve Bank of India (RBI) in its first bimonthly policy review for financial year 2018-19 has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.0%. This decision was taken by RBI’s six member ..
Month: Current Affairs - April, 2018
RBI defers adoption of Ind-AS by 1 year for banks
The Reserve Bank of India (RBI) has deferred adoption of Indian Accounting Standards (Ind AS) by commercial banks for year (till April 2019) due to unpreparedness of banks to migrate to the new accounting system. RBI has requested Government to ..
Month: Current Affairs - April, 2018
Insolvency and Bankruptcy Board of India inks MoU with RBI
The Insolvency and Bankruptcy Board of India (IBBI) signed Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) for increased cooperation in effective implementation of insolvency law. The MoU was singed at time when authorities are working on ways ..
Month: Current Affairs - March, 2018
RBI raises ETCD trading limit to $100 million
Reserve Bank of India (RBI) has raised exposure limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving Indian rupee. This decision aims to help entities engaged ..
Month: Current Affairs - February, 2018
RBI launches Ombudsman scheme for NBFCs
The Reserve Bank of India (RBI) has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against NBFCs registered with RBI under section 45-IA of the RBI Act, 1934. The scheme will provide cost-free and expeditious complaint ..
Month: Current Affairs - February, 2018
RBI directs banks to link SWIFT to core banking solutions by April 2018
The Reserve Bank of India (RBI) has directed banks to link SWIFT (Society for World Interbank Financial Telecommunication System platform) with their core banking solutions (CBS) by April 30, 2018. This decision is part of RBI’s efforts to tighten internal ..
Month: Current Affairs - February, 2018
RBI constitutes YH Malegam committee to monitor bad loans, rising cases of frauds, audits
Reserve Bank of India (RBI) has constituted an expert committee to look into the entire gamut of issues relating to classification of bad loans, effectiveness of audits and rising incidents of frauds. The committee will be headed by Y H ..