Page-27 of RBI
Repo rate keeps unchanged at 6.5%
Reserve Bank of India (RBI) in its fifth bimonthly monetary policy review for financial year 2018-19 has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.5%. The reverse repo rate has also been maintained ..
Month: Current Affairs - December, 2018
RBI to introduce Ombudsman Scheme for Digital Transactions
Reserve Bank of India (RBI) has announced to introduce ‘Ombudsman Scheme for Digital Transactions’ to provide cost-free mechanism to redress grievances of customers related to digital transactions. The scheme will be notified by end of January 2019. It will cover ..
Month: Current Affairs - December, 2018
RBI relaxes rules for NBFCs to sell or securitise their loan books to ease persistent stress in sector
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: Current Affairs - November, 2018
RBI liberalises norms governing external commercial borrowings for infrastructure creation
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: Current Affairs - November, 2018
RBI issues guidelines for facilitating money transfer among e-wallets
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: Current Affairs - October, 2018
Government opens new series of sovereign gold bonds scheme for subscription
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: Current Affairs - October, 2018
RBI shortlists 5 IT firms for implementation of Centralised information and Management System
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: Current Affairs - September, 2018
Mauritius remains top source of FDI into India in 2017-18: RBI
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 ..