Page-48 of RBI

P.J.Nayak Committee set up by RBI to review governance of bank boards

January 23, 2014

The Reserve Bank of India (RBI) set up an 8 -member panel to review governance of board of banks and examine ‘fit and proper’ criteria for directors, including their tenure. The Committee will be chaired by former Axis Bank Chairman ..

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Mr. Anand Sinha, Deputy Governor of RBI retired

January 23, 2014

RBI’s Deputy Governor Dr. Anand Sinha, who was looking after the new bank licence process, retired. The procedure for granting licences to the private sector is yet to be completed. Dr. Sinha was in charge of the Department of Banking ..

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Bimal Jalan panel on new bank licences to meet on Feb 10, 2014

January 22, 2014

The Bimal Jalan panel which is scrutinizing applications for new bank licences will hold a meeting on February 10, 2014. Which are the entities in the race for bank licences? Initially, 26 entities expressed interest in entering the banking field. ..

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Logo of Housing Start Up Index (HSUI) launched

January 20, 2014

The Union Minister of Housing and Urban Poverty Alleviation, Dr. Girija Vyas launched the Housing Start Up Index (HSUI) logo, web site and monitoring tool “Integrated Urban Poverty Monitoring System” (IPoMs) for JnNURM and Rajiv Awas Yojana (RAY).  What is ..

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RBI permits foreign buyers to invest in South Indian Bank

January 20, 2014

The Reserve Bank of India (RBI) has given its permission to foreign investors to buy shares in South Indian Bank. The restrictions placed on the purchase of shares of the South India Bank are withdrawn with immediate effect. At this ..

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RBI nod needed for Hong Kong and Macau citizens to set up business in India

January 18, 2014

The Reserve Bank of India (RBI) included Hong Kong and Macau in the sensitive list of countries, along with Pakistan and China that will require its prior approval to set up business or related activities in India. This was done ..

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Iran seeks permission to open multiple bank accounts in India

January 18, 2014

Iran has requested the Ministry of Finance and the Reserve Bank of India (RBI) to allow it to open accounts in multiple banks to facilitate better non-oil trade between the two nations. As per Iran’s Ambassador Gholam Reza Ansari, Iran ..

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RBI inks a pact with Bank of Japan for raising BSA to $ 50 billion

January 15, 2014

The Reserve Bank of India (RBI) and Bank of Japan (BOJ) signed an agreement to enhance the maximum amount of the Bilateral Swap Arrangement (BSA) between the two countries to $50 billion. The agreement signed by RBI Governor Raghuram Rajan ..

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RBI: Gold loan finance companies can now give loans up to 75% of the market value of the gold

January 11, 2014

The Reserve Bank of India (RBI) has eased the norms for extending loans against gold jewellery as collateral. It has decided to raise the Loan-To-Value (LTV) cap for loans against the collateral of gold jewellery to 75 % from the ..

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RBI chooses CCIL to issue Unique Identity Codes in Financial Transactions

January 11, 2014

The RBI has chosen the Clearing Corporation of India Ltd. (CCIL) to act as a Local Operating Unit (LOU) for issuing internationally compatible Legal Entity Identifiers (LEIs) in India. What is Legal Entity Identifier (LEI)? The LEI is a 20-character ..

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