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RBI, UAE Central Bank ink MoU for supervisory information exchange
The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with the Central Bank of United Arab Emirates (UAE) on Supervisory Cooperation and Exchange of Supervisory Information. It was signed at Abu Dhabi, UAE by Saeed Abdulla ..
Month: Current Affairs - October, 2015
RBI formed Financial Inclusion Fund with Rs. 2000 crore corpus
Reserve Bank of India (RBI) has established Financial Inclusion Fund (FIF) with Rs. 2000 crore corpus expanding reach of banking services. This fund will support the developmental and promotional activities covered under the financial inclusion initiatives. Key facts FIF has ..
Month: Current Affairs - October, 2015
RBI lowers repo rate by 50 basis points to 6.75 per cent
Reserve Bank of India (RBI) has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect. It was announced in the recently released fourth ..
Month: Current Affairs - September, 2015
RBI approves 10 entities to set up Small Finance Banks
The Reserve Bank of India (RBI) has granted in principle approval to 10 entities to set up small finance banks to provide basic banking services to small farmers and micro industries. The in-principle approval will enable these entities comply with ..
Month: Current Affairs - September, 2015
RBI, Nepal Rastra Bank ink MoU for supervisory information exchange
Reserve Bank of India (RBI) has inked a Memorandum of Understanding (MoU) with the Nepal Rastra Bank (NRB) on Supervisory Cooperation and Exchange of Supervisory Information. The MoU was signed by RBI’s Executive Director Meena Hemchandra and Nepal Rastra Bank’s ..
Month: Current Affairs - September, 2015
ON Financial Stability Report
Indian economy has withstood the global pressures with ease at a time when sluggishness was apparent in European and Japanese economic fronts. It is the sharp decline in oil prices coupled with declining energy prices which have made the conditions ..
RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war
Reserve Bank of India (RBI) has decided to issue coins of 5 rupees denomination to commemorate golden jubilee year of Indo-Pak War 1965. These coins will be issued under in The Coinage Act, 2011 and will be considered as legal ..
Month: Current Affairs - September, 2015
Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start a payments bank
Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start payments banks. The Committee of the Central Board (CCB) of RBI has selected 11 entities among the 41 applicant who has the reach and the technological and financial ..