Page-41 of RBI

RBI to designated six bas as Systemically Important Banks (SIBs)

July 27, 2014

The Reserve Bank of India will designate at least six banks as Systemically Important Banks (SIBs), for the domestic financial market which will need to have higher capital than other banks to prevent the financial system from collapsing in the ..

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S S Mundra to be fourth deputy governor of RBI

July 26, 2014

S S Mundra (60), Chairman and managing director of Bank of Baroda, is set to be appointed as the fourth deputy governor of the Reserve Bank of India (RBI) after PM Narendra Modi approved his appointment. The veteran banker had ..

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Banks barred from trading in bonds for infrastructure lending: RBI

July 25, 2014

According to the Reserve Bank of India, banks will not be permitted to trade bonds issued by other lenders for infrastructure lending that would be exempted from mandatory reserve requirements under the new guidelines issued by the RBI. The RBI ..

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RBI issues draft guidelines for setting up small banks, payment banks

July 18, 2014

The Reserve Bank of India (RBI) issued draft guidelines for setting up of small banks, which will have a local feel and will provide small-ticket loans to farmers and businesses. The apex bank also issued draft norms for establishing payment ..

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RBI relaxes CRR, SLR and PSL norms for banks issuing infra bonds

July 17, 2014

With a view to promote infrastructure development and affordable housing, the Reserve Bank of India (RBI), exempted long-term bonds from the mandatory regulatory norms such as the Cash Reserve Ratio (CRR), the Statutory Liquidity Ratio (SLR) and Priority Sector Lending ..

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Work on setting up ‘Rural ATMs’ underway: RBI

July 15, 2014

Encouraged by the Reserve Bank .of India (RBI), banks are working on setting up ‘Rural ATMs’ for dispensing currency notes of smaller denominations. Banks have been encouraged to find a solution for introducing rural ATMs. Generally, in city or urban ..

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Rules of import of rough and polished diamonds eased: RBI

July 7, 2014

The Reserve Bank of India (RBI) gave relief to diamantaires in Mumbai and Surat as it relaxed the rules of ‘suppliers’ and buyers’ credit for importing rough, cut and polished diamonds to up to 180 days from 90 days with ..

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RBI undertakes swap of old gold with new one

July 6, 2014

With a view to standardize gold stock, the Reserve Bank of India has initiated an exercise to swap old gold in its reserves with a new one. The apex bank has invited quotations from nominated banks for swap with the ..

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Overseas investment norms for Indian corporate relaxed: RBI

July 4, 2014

The Reserve Bank of India has eased norms for overseas investment by Indian corporates by enhancing their borrowing limit. The apex bank has decided to reinstate the limit of Overseas Direct Investments (ODI)/ Financial Commitment (FC) to be undertaken by ..

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RBI permits NBFCs to work as Business Correspondents of banks

June 24, 2014

With a view to achieve financial inclusion, the Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks, permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs. Until ..

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