Page-49 of RBI
RBI sets upper age limit for private bank CEOs at 70
The RBI brought relief for investors in HDFC Bank and IndusInd Bank, who have been anxious about the destiny of their celebrated chiefs who have provided massive returns in the past few years. Full-time directors of Pvt. banks can now ..
Month: Current Affairs - September, 2014
“Willful defaulter tag is a powerful weapon in hands of banks for resolving bad loans”: RBI Governor
“The wilful defaulter tag is a powerful weapon in the hands of creditors for resolving distressed assets. It shuts out access to credit within the Indian financial system for a borrower,” Rajan stated without naming Vijay Mallya, who was recently ..
Month: Current Affairs - September, 2014
RBI notifies "Implementation of Basel III Capital Regulations in India – Amendments"
With reference to the ‘Guidelines on Implementation of Basel III Capital Regulations in India’ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012, RBI has now notified some amendments to this Circular and these guidelines along with subsequent amendments have been ..
Month: Current Affairs - September, 2014
Disposal of loan proposals should be time-bound: RBI
In order to speed up the process of credit decision, the RBI has asked banks to set up a timeline for clearance of loan proposals, but did not assign a specific time frame for the same. RBI in its notification ..
Month: Current Affairs - September, 2014
Overseas payment gateway for credit card transactions within India is now closed: RBI
The RBI has shut the overseas payment gateway for credit card transactions within India, saying that the rules need to be followed with respect to e-commerce credit card transactions “essentially taking place between two residents in India”. This means that firms such ..
Month: Current Affairs - August, 2014
RBI board approves radical changes, introduces COO post as proposed by Raghuram Rajan
In a bid to introduce radical changes in the functioning of the Reserve Bank of India, the RBI board has approved Governor Raghuram Rajan’s proposal of shrinking organizational cumbersomeness and reducing overlaps. It also seeks to create the post of ..
Month: Current Affairs - August, 2014
Now only 3 transactions per month from ATMs of other Banks
The Reserve Bank of India (RBI) has allowed Banks to set a limit on free ATM transactions customers can do at ATMs of rival lenders. Now customers of a bank can make only three free transactions per month from the ..
Month: Current Affairs - August, 2014
Bimal Jalan appointed as head of Expenditure Management Commission
Former Reserve Bank of India (RBI) Governor Bimal Jalan has been appointed as head of the Expenditure Management Commission, which will study various aspects of expenditure reforms to be undertaken by the government. The panel will submit its interim report ..