Page-28 of RBI

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: 

RBI proposes Board of Management for urban co-operative banks

June 26, 2018

The Reserve Bank of India (RBI) has proposed setting up of Board of Management (BoM) in all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore within one year to strengthen governance and promote professional management in these ..

Month: 

Credit Rating Model: Government testing big data system to aid banks assess credit risks

June 25, 2018

Ministry of Electronics and Information Technology (MeitY) is testing credit rating model, a new system that will assist banks in assessing credit risk and probability of fraud using big data analysis. The system is expected to help banks, particularly rural ..

Month: 

Liberalised Remittance Scheme: RBI alters definition of relative to check outward remittances

June 19, 2018

The Reserve Bank of India (RBI) has narrowed the definition of relatives under the ‘maintenance of close relative’ category of Liberalised Remittance Scheme (LRS) to check outflow of funds and prevent misuse of facility. Henceforth, funds under this category can ..

Month: 

RBI eases investment norms for foreign portfolio investors (FPIs) in debt

June 17, 2018

The Reserve Bank of India (RBI) has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates. This move is aimed at attracting more overseas flows and thereby help to arrest recent fall in rupee ..

Month: