Page-41 of RBI
NS Vishwanathan appointed as deputy governor of RBI
The Union Government has appointed NS Vishwanathan as deputy governor of the Reserve Bank of India (RBI). His appointment was approved by the Appointments Committee of the Cabinet (ACC) presided by Prime Minister Narendra Modi in New Delhi. NS Vishwanathan ..
Month: Current Affairs - June, 2016
RBI introduces Scheme for Sustainable Structuring of Stressed Assets
The Reserve Bank of India (RBI) has issued guidelines called Scheme for Sustainable Structuring of Stressed Assets (S4A). The main aim of these guidelines is to (i) Strengthen the lenders’ ability to deal with stressed assets and (ii) Put real ..
Month: Current Affairs - June, 2016
RBI rates unchanged in 2nd bi-monthly monetary policy review for year 2016-17
The Reserve Bank of India (RBI) in its second bi-monthly monetary policy review for year 2016-17 has maintained status quo in key policy interest rate. The key policy interest rates were kept unchanged on the basis of an assessment of ..
Month: Current Affairs - June, 2016
RBI to issue Rs 1000 banknotes with inset letter R
The Reserve Bank of India (RBI) will shortly issue banknotes of 1000 rupees denominations with inset letter ‘R’ in both the number panels. These new banknotes will be issued in the Mahatma Gandhi Series – 2005. Besides, all the banknotes ..
Month: Current Affairs - May, 2016
RBI gives nod to Bharti Airtel's payments Bank Unit
The Reserve Bank of India (RBI) has given its in-principle approval to Bharti Airtel’s payments bank venture — Airtel M Commerce Services Ltd (AMCS). With this AMCS has become the first entity to receive final approval from the RBI to ..
Month: Current Affairs - April, 2016
RBI cuts repo rate by 25 basis points to 6.5%
The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 6.5 per cent from 6.75 per cent, with immediate effect. It was announced in the first bi-monthly monetary policy review of the RBI for ..
Month: Current Affairs - April, 2016
RBI inks information exchange MoU with Bank of Israel
The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with Bank of Israel (BOI) for exchange of information pertaining to banking supervision. It was signed by Parvathy V Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision ..
Month: Current Affairs - March, 2016
Capital Area Bank first to get small finance bank licence from RBI
Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI). CLAB ltd claims to be largest local bank in the country with total ..