Page-62 of RBI

Life insurers not allowed to participate in repo transactions: IRDA

December 7, 2012

The Insurance Regulatory and Development Authority (IRDA) said that life insurance companies are not allowed to take part in repo transactions. In a circular IRDA clarified that: In case of reverse repo (lending) transactions in government securities and corporate debt ..

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Cheque books only in new format will be valid from January 1, 2012

December 5, 2012

Old cheque books will be of no use from January 1, 2013 with the implementation of Cheque Truncation System (CTS-2010). Only new cheques with more security and standardized features will be acceptable. How it will help? The new cheques will ..

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ECB window to widen

November 29, 2012

ECB: External Commercial Borrowing The government is all set to widen the scope of ECB. This will be done via including sectors incorporated in the new definition of infrastructure, approved by the Cabinet committee on infrastructure. Objective: This will permit ..

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Definition of 'Infrastructure Lending' revised by RBI

November 26, 2012

RBI has revised the definition of ‘infrastructure lending’. The revised definition, would make sectors and sub-sectors eligible for infrastructure lending by banks and financial institutions with immediate effect. RBI has been decided to harmonize the definition of ‘infrastructure lending for ..

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RBI inks MoU with State Bank of Vietnam

November 23, 2012

The RBI and the State Bank of Vietnam (SBV) concluded a Memorandum of Understanding (MoU) to encourage greater co-operation and sharing of supervisory information b/w the two supervisors. 

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RBI advises banks not to grant loans for purchase of gold in any form

November 23, 2012

The RBI advised banks not to give loans for purchase of gold in any form, including primary gold, bullion and jewellery. Still, RBI held that banks can provide finance for genuine working capital needs of jewelers. Objective: To discourage people from ..

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What is NPA ? What are the Loan classification norms ? What is Provisioning Coverage Ratio (PCR) ?

November 20, 2012

NPA = Non-Performing Asset Loans and advances given by the banks to its customers is are an Asset to the bank. Just for the sake of simplicity, we can understand that a loan (an asset for the bank) turns as ..

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Inflation “quite high”: Subbarao

November 20, 2012

RBI Governor D. Subbarao held that the inflation is  “quite high” at 7.45%. He remarked over the falling of headline inflation to 7.45% in October 2012 from 7.81% in September 2012. The comment from RBI Governor has come at a ..

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Finance Minister asks RBI to issue the final guidelines for new banking licenses

November 18, 2012

The Finance Minister P Chidambaram has asked RBI to finalize the guidelines for issue of new banking licenses and commence accepting applications applications from interested entities.   But, RBI insists on amending the Banking Regulation Act before such a move. What ..

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CRR: 4.25%

November 1, 2012

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent. Why this step? The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. ..

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