Page-47 of RBI
Money Market Reforms in India
Reserve Bank of India is the biggest regulator of the Indian markets. It controls the monetary policy of India. Its control is however limited to the organised part of economy and the unorganised sector which has a significant presence is ..
Certificate of Deposit
Certificate of Deposit (CD) refers to a money market instrument, which is negotiable and equivalent to a promissory note. It is either issued in demat form or in the form of a usance promissory note. This instruments is issue in ..
Priority Sector Lending
In the first week of September, 2020, the Reserve Bank of India has revised the Priority Sector Lending norms. As per the new guidelines, loans up to Rs. 50 Crore for startups in agriculture and MSME sector would be given ..
What is Branch Banking?
Branch Banking is still an integral part of Indian banking system as most Indians still believe in cash transactions and prefer to visit banks in person for routine banking operations. Bank branches are the face of the banks where customers ..
Drafting the Indian Financial Code
India’s financial market is deepening with the global interconnectedness and growing complexity in the economy. In such circumstances consumer at times become vulnerable to exploitation by the market forces. In an environment of ill-information and institutionalized mis-selling, consumers do not ..
NPCI links 15 crore bank accounts with Aadhaar
National Payments Corporation (NPCI) has successfully linked 15 crore Direct Benefit Transfer (DBT) accounts with the Aadhaar numbers. With this achievement NPCI has moved a step closer to map its target of linking all 17 crore DBT accounts with Aadhaar ..
Month: Current Affairs - March, 2015
RBI cuts repo rate by 25 basis points to 7.5 per cent
The Reserve Bank of India (RBI) on 4 March 2015 has cut down repo rate by 25 basis points to 7.5 percent from 7.75 percent, with immediate effect. However, RBI has kept the cash reserve ratio (CRR) unchanged at 4 ..
Month: Current Affairs - March, 2015
Union Government and RBI sign agreement to keep inflation below 6%
Union Government and the Reserve Bank of India (RBI) have signed an agreement on Monetary Policy Framework in order to move towards the RBI Governor Raghuram Rajan’s view of inflation targeting. Presently, Union Government and RBI give inflation estimates and ..