Page-32 of RBI
RBI keeps repo rate unchanged at 6%
The six member Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.0% under liquidity adjustment facility. It was RBI’s fourth bimonthly policy review ..
Month: Current Affairs - October, 2017
RBI takes masala bonds out of corporate bond limit for FPIs
The Reserve Bank of India (RBI) has increased corporate bond investment limit for foreign investors by taking out Masala bonds (rupee-denominated bonds) from ambit of total debt investment limit. They will be considered as part of External Commercial Borrowings (ECBs) ..
Month: Current Affairs - September, 2017
RBI to regulate peer-to-peer lending firms as NBFCs: Government
The Union Government has issued gazette notification, notifying that Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of India (RBI). The notification will help P2P lenders to gain official recognition ..
Month: Current Affairs - September, 2017
India’s Forex reserves cross $400 billion for first time
According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves have crossed $400 billion mark for the first time. The increase was due sharp rise in foreign currency assets. India is now at sixth position in forex reserves ..
Month: Current Affairs - September, 2017
HDFC Bank listed in Domestic Systemically Important Banks
The Reserve Bank of India (RBI) has added HDFC Bank, the second largest private sector lender of country in list of Domestic Systemically Important Banks (D-SIBs). HDFC Bank is third bank in country to be added in list of D-SIBs ..
Month: Current Affairs - September, 2017
Government notifies new Rs.200 notes
The Union Finance Ministry on the recommendations of the Central Board of Directors of the Reserve Bank of India (RBI) has notified currency notes of Rs.200. The new notes are likely to be in circulation shortly. The new Rs.200 currency ..
Month: Current Affairs - August, 2017
RBI to issue new Rs 50 currency note
The Reserve Bank of India (RBI) will shortly issue new banknotes of Rs.50 denomination in the Mahatma Gandhi (New) Series. The base colour of the new notes will be fluorescent blue. RBI also has clarified that all banknotes in Rs.50 ..
Month: Current Affairs - August, 2017
Lok Sabha passes NABARD (Amendment) Bill, 2017
The Lok Sabha has passed the National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 by voice vote. The Bill seeks to amend the NABARD Act, 1981. NABARD is responsible for providing and regulating facilities like credit for agricultural ..