Page-42 of RBI
RBI extends Currency Swap Arrangement with SAARC nations
The Reserve Bank of India (RBI) has extended currency swap arrangement to South Asian Association for Regional Cooperation (SAARC) nations till mid-November 2017. All 7 SAARC member countries including Bangladesh, Afghanistan, Maldives, Bhutan, Nepal, Pakistan and Sri Lanka can avail ..
Month: Current Affairs - February, 2016
RBI and RTI: Recent Supreme Court Judgement
On December 16, the Supreme Court of India said that RBI cannot reject the plea asking information regarding private and public banks under the Right to Information (RTI) Act. While considering the several appeals filed by the RBI against various ..
Former RBI Deputy Governor S S Tarapore passes away
Renowned economist and former deputy governor of the Reserve Bank of India (RBI) S.S. Tarapore passed away in Mumbai, Maharashtra. He was 80. As an economist, he was well known for his strong views on issues—ranging from inflation to capital ..
Month: Current Affairs - February, 2016
RBI rates unchanged in 6th bi-monthly monetary policy review
The Reserve Bank of India (RBI) in its sixth bi-monthly monetary policy review for year 2016 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 - February, 2016
Government reappoints Urjit Patel as Deputy Governor of RBI for a second term
The Union Government has reappointed Dr Urjit Patel as Deputy Governor of Reserve Bank of India (RBI) for a second three-year term. As Deputy Governor of RBI, Dr Patel looks after Monetary Policy, Economic Policy Research, Deposit Insurance, Statistics and ..
Month: Current Affairs - January, 2016
RBI Governor Raghuram Rajan awarded 2016 Central Banker of the Year Award
Reserve Bank of India (RBI) Governor Raghuram Rajan has been conferred with the Central Banker of the Year Award (Global and Asia Pacific) for year 2016. The award has been bestowed upon him by the The Banker, a monthly publication ..
RBI imposes Rs 1 crore fine on State Bank of Travancore
The Reserve Bank of India (RBI) has imposed a monetary penalty of one crore rupees on State Bank of Travancore, an SBI associate bank for violation of some of its instructions. The monetary penalty was imposed on State Bank of ..
Month: Current Affairs - January, 2016
Recommendations of Deepak Mohanty Committee on Medium-term Path on Financial Inclusion
The Reserve Bank of India (RBI) has released the Report on Medium-term Path on Financial Inclusion submitted by 14-member committee headed by RBI Executive Director Deepak Mohanty. RBI had constituted the committee in July 2015 to examine the existing policy ..