Priority Sector Lending

In the first week of September, 2020, the Reserve Bank of India has revised the Priority Sector Lending norms. As per the new guidelines, loans up to Rs. 50 Crore for startups in agriculture and MSME sector would be given ..

What is Branch Banking?

Branch Banking is still an integral part of Indian banking system as most Indians still believe in cash transactions and prefer to visit banks in person for routine banking operations. Bank branches are the face of the banks where customers ..

Drafting the Indian Financial Code

India’s financial market is deepening with the global interconnectedness and growing complexity in the economy. In such circumstances consumer at times become vulnerable to exploitation by the market forces. In an environment of ill-information and institutionalized mis-selling, consumers do not ..

NPCI links 15 crore bank accounts with Aadhaar

National Payments Corporation (NPCI) has successfully linked 15 crore Direct Benefit Transfer (DBT) accounts with the Aadhaar numbers. With this achievement NPCI has moved a step closer to map its target of linking all 17 crore DBT accounts with Aadhaar ..

Month: Current Affairs - March, 2015

RBI cuts repo rate by 25 basis points to 7.5 per cent

The Reserve Bank of India (RBI) on 4 March 2015 has cut down repo rate by 25 basis points to 7.5 percent from 7.75 percent, with immediate effect. However, RBI has kept the cash reserve ratio (CRR) unchanged at 4 ..

Month: Current Affairs - March, 2015

Union Government and RBI sign agreement to keep inflation below 6%

Union Government and the Reserve Bank of India (RBI) have signed an agreement on Monetary Policy Framework in order to move towards the RBI Governor Raghuram Rajan’s view of inflation targeting. Presently, Union Government and RBI give inflation estimates and ..

Month: Current Affairs - March, 2015

Marginal Standing Facility

Marginal Standing Facility is a new Liquidity Adjustment Facility (LAF) window created by Reserve Bank of India in its credit policy of May 2011.  MSF is the rate at which the banks are able to borrow overnight funds from RBI ..

What is Liquidity?

By Liquidity, we simply mean to refer to the money floating in the system that is available to all stakeholders of the markets viz.  Individuals, corporate entities and the government. We know that liquidity is influenced by the demand and ..

Union Government launches single window e-biz portal

Union Government has launched a single window government-to-business (G2B) portal- e-Biz (www.ebiz.gov.in) for 11 Central government services to bring transparency and ease of doing business in the country. The portal was unveiled to public by Union Finance Minister Arun Jaitley ..

Month: Current Affairs - February, 2015

DS Kolamkar Panel

RBI is considering proposal of DS Kolamkar Panel, to permit FIIs and Commercial Banks to trade on Indian Commodity Exchanges. DS Panel had deeply studies the functioning of commodity markets. As per the findings, the panel had noticed that participation ..