Page-60 of RBI
RBI directs Co-op banks to not grant loans for gold purchase
The RBI has directed State and Central co-operative banks not to give loans for purchase of gold in any form to curb the considerable increase in its import in recent years. Currently, these banks are allowed to grant loans against ..
Month: Current Affairs - February, 2013
Minimize number of free cheque books issued to individuals: RBI
The Reserve bank of India (RBI) has recommended in its discussion paper that the number of free cheque books given per year to individuals may be kept to a minimum and instead they should be encouraged to use electronic payments. ..
Month: Current Affairs - February, 2013
Rising CAD, a major concern: RBI
The Reserve Bank of India (RBI) has stated that the increasing Current Account Deficit (CAD) has become a major obstacle in relaxing monetary policy. The CAD stood at a record high of 5.4% of GDP in the second quarter of ..
Month: Current Affairs - January, 2013
RBI cuts repo rate and CRR, slashes growth forecast to 5.5%
The Reserve Bank of India (RBI) eased its tight monetary policy by slashing its key interest rates by 0.25% and released Rs 18,000 crore additional liquidity into the system to stimulate growth through reduced cost of borrowing. RBI cut the ..
Month: Current Affairs - January, 2013
RBI relaxes rules for FII in debt
The Reserve Bank of India (RBI) has notified certain relaxations in the rules for FII in debt, these are: The investment limit in Government Securities (G-Secs) by Foreign Institutional Investors (FIIs) and long-term investors has been enhanced by $5 billion ..
Month: Current Affairs - January, 2013
RBI revises norms for bulk deposits
The Reserve Bank of India (RBI) has revised the rules for bulk deposits, offering differential interest rates, which would be applicable with effect from April 1, 2012. As per the revised rules:
Month: Current Affairs - January, 2013
RBI asks banks to issue bonds to retail investors
The Reserve Bank of India (RBI) has asked banks to issue bonds to retail investors so as to deepen the corporate debt market. It has encouraged banks to consider the option of raising subordinated debt for Tier II capital by ..
Month: Current Affairs - January, 2013
RBI panel suggests banks to encourage long-tenor FD schemes
A Reserve Bank of India (RBI) committee which studied the feasibility of introducing more long-term fixed rate loan products by banks, made following suggestions: Banks should popularize Fixed Deposit (FD) schemes with tenors of above 5 years as they are ..
Month: Current Affairs - January, 2013
RBI’s multiple roles create conflict: IMF
As per International Monetary Fund (IMF) report, India, despite its recent successes in developing a stable financial system, its financial sector still faces up obstacles to its ability to support growth and stability. As per report, which is part of ..
Month: Current Affairs - January, 2013
RBI introduces Dollar- Rupee swap facility
RBI has introduced a dollar-rupee swap facility. Objective: To increase the flow of credit to the export sector to support incremental Pre-shipment export Credit in Foreign Currency (PCFC) by banks. As per RBI, banks will have the option to avail ..