Page-40 of RBI

RBI asks banks to extend loans to women SHGs at 7% rate

August 26, 2016

Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG). This loan scheme must be provided under the National Rural Livelihoods Mission (NRLM)-Aajeevika ..

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Urjit Patel appointed as 24th Governor of RBI

August 20, 2016

Union Government has appointed Urjit Patel (52) as new Governor of Reserve Bank of India (RBI). He will be 24th Governor of RBI He will have tenure of three years and shall succeed Raghuram Rajan. Prior to this appointment (elevation) ..

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RBI keeps policy rates unchanged in 3rd bi-monthly monetary policy review

August 9, 2016

The Reserve Bank of India (RBI) in its third bi-monthly monetary policy review for year 2016-17 has maintained status quo in key policy interest rate. It was last bi-monthly monetary policy review of RBI Governor Raghuram Rajan who will step ..

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RBI constitutes Tarun Ramadorai committee to look at household finances in India

August 6, 2016

The Reserve Bank of India (RBI) has constituted Dr. Tarun Ramadorai committee to study various facets of household finance in India. The committee will be chaired by Tarun Ramadorai, Professor of Financial Economics at University of Oxford. It will also ..

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Union Government fixes an inflation target of 4 percent for five years

August 6, 2016

The Union Government has set an inflation target of four per cent for the next five years i.e. till March 31, 2021. In this regard, Union Government will soon set-up Monetary Policy Committee (MPC) to adhere to the target till ..

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RBI launches portal to curb illegal money

August 5, 2016

The Reserve Bank of India (RBI) has launched a website (sachet.rbi.org.in) to curb illegal and unauthorised pooling of funds by unscrupulous firms. The website was launched by RBI Governor Raghuram Rajan in Mumbai, Maharashtra. It will help people obtain information ..

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RBI sets up Sudarshan Sen-headed Working Group on Fin Tech and Digital Banking

July 15, 2016

The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India The inter-regulatory Working Group will be headed by RBI’s Executive Director Sudarshan ..

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Sudarshan Sen appointed Executive Director of RBI

July 5, 2016

Sudarshan Sen has been as Executive Director of the Reserve Bank of India (RBI). He will replace NS Vishwanathan who was elevated as Deputy Governor of RBI. In his new role, Sudarshan Sen will look after Department of Banking Regulation, ..

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