Page-18 of Reserve Bank of India (RBI)
India's Forex Reserves declined by USD 613.9 million to USD 393.12 billion
India’s foreign exchange reserves declined in this week by USD 613.9 million reaching USD 393.12 billion. This decline has been attributed to the fall in foreign currency assets as per the Reserve Bank of India. The Forex reserves had increased by ..
Month: Current Affairs - December, 2018
RBI Doubles the FOREX Remittance Limit under Liberalised Remittance Scheme (LRS)
The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs. 1.5 crore) per person per year. This limit was doubled compared to ..
Month: Current Affairs - February, 2015
RBI keeps key rates unchanged but changes statutory liquidity ratio
The Reserve Bank of India (RBI) has announced sixth Bi-Monthly Monetary Policy Statement. In its bi-monthly monetary policy statement, RBI has not changed its main lending rate i.e.Repo Rate and cash reserve ratio (CRR). But changed statutory liquidity ratio (SLR) ..
Month: Current Affairs - February, 2015
RBI constitutes high level panel on urban cooperative banks (UCB)
The Reserve Bank of India (RBI) has constituted a high-powered panel on urban cooperative banks (UCB). It will be headed by RBI Deputy Governor R Gandhi and comprise of eight member who will be experienced bankers. They will submit its ..
Month: Current Affairs - January, 2015
RBI signs an information sharing agreement with Brazil’s Central Bank
Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank- Banco Central do Brasil (BCB). This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor ..
Month: Current Affairs - January, 2015
RBI cuts repo rate by 25 basis point
Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect. It was announced ahead of the scheduled date of monetary policy announcement on 3rd February 2015 as ..
Month: Current Affairs - January, 2015
Kotak Mahindra-ING Vysya merger gets shareholders nod
Private sector Kotak Mahindra Bank has received its shareholders nod for merger of Bengalaru-headquartered ING Vysya Bank with itself. It was approved by the 99.30 per cent in number representing 99.93 per cent in value of the shareholders present. This ..
Month: Current Affairs - January, 2015
RBI relaxes KYC norms for Non-Banking Financial Companies (NBFC's)
Reserve Bank of India (RBI) has relaxed Know-Your-Customers (KYC) norms for Non-Banking Financial Companies (NBFCs). In this regard, RBI has amended the KYC norms in order to remove the practical difficulties and constraints being faced by NBFC’s in getting KYC ..