Page-50 of RBI

Direct Cash Transfers will cut down corruption: Raghuram Rajan

August 13, 2014

The Governor of Reserve Bank of India, Mr. Raghuram Rajan, vociferously supported Direct Cash Transfers (DCT) to the poor, saying this would help curb corruption by breaking the “cycle of dependence“. The DCT system involves the payment of subsidies directly ..

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Reserve Bank issue draft guidelines for ‘anytime anywhere’ Bharat Bill Payment System

August 9, 2014

With a view to introduce an ‘anytime anywhere payment system’, the Reserve Bank of India (RBI) issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS). The draft mentions the requirements and the basic framework of operating the ..

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RBI leaves Repo unchanged, SLR slashed by 50 basis points

August 5, 2014

As per RBI’s third bi-monthly monetary policy statement for 2014-15 the central bank has not made any change in Repo rate which is currently at 8%. The Reverse Repo rate has also been left unchanged at 7% and the Cash ..

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RBI to keep enhancing forex reserves cover: Bank of America- Merrill Lynch

August 4, 2014

As per a report by Bank of America- Merrill Lynch, the Reserve Bank of India (RBI) will continue to buy dollars to increase the foreign exchange reserves to further support the country’s import cover. The forex reserves decreased to $ ..

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S S Mundra assumes office as RBI deputy governor

July 31, 2014

S S Mundra (60) has taken charge as deputy governor Reserve Bank of India. As a deputy governor of the central bank, he will be responsible for banking supervision, currency management, financial stability and rural credit. The government has notified ..

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RBI regresses to multiple price method for bond auctions

July 29, 2014

The RBI will revert to the Multiple Price method for bond auctions on August 1, 2014, a year after it adopted the present method of Uniform Price. On August 1, 2014, the central bank will auction a 10-year bond with ..

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RBI rejects Andhra's request for farm loan waiver

July 29, 2014

The Reserve Bank of India (RBI) communicated the Andhra Pradesh government that there was no case for considering its request for restructuring of agricultural loans in the state. A refused to consider the request even before the state government could prepare ..

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Registration certificates of six NBFCs cancelled by RBI

July 29, 2014

The Reserve Bank of India (RBI) has cancelled the certificate of registration of six Non-Banking Financial Companies (NBFCs) based in Delhi. Now, these companies would not be able to do business as non-banking financial institution. These companies are: GE Strategic ..

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