Page-15 of Reserve Bank of India
RBI Monetary Policy – Repo rate remains 5.15%
The Reserve Bank of India (RBI) recently conducted its sixth bi-monthly Monetary policy committee (MPC) meeting and released the statement. The repo rate was left unchanged at 5.15%, as a unanimous decision taken by the MPC members. The central bank ..
RBI releases bi-monthly policy: Repo rate unchanged
On February 6, 2020, the Reserve Bank of India released its bi-monthly monetary policy. The apex bank has kept the policy repo rate unchanged. It remains at 5.15%. Observations of the Committee The Monetary Policy Committee that meets once in ..
Month: Current Affairs - February, 2020
Cabinet clears amendments to bring cooperative banks under RBI regulation
The Union Cabinet of India recently approved amendments to the Banking Regulation Act, which will bring multi-state cooperative banks under the regulation of the Reserve Bank of India. This amendment in regulation is expected to prevent malpractices in the co-operative ..
Shaktikanta Das named the ‘Central Banker of the Year 2020 – Asia-Pacific’
The Banker magazine has named the Reserve Bank of India (RBI) Governor Shaktikanta Das as the Central Banker of the Year- Asia-Pacific 2020. ‘Global Central Banker of the Year’ award was presented to Jorgovanka Tabakovi, National Bank of Serbia. The award is given ..
Maximum insurance for bank deposits increased to ₹ 5 Lakh
The Union Finance Minister hiked the maximum insurance provided for bank deposits to ₹ 5 Lakh, per depositor, in her recent Union Budget 20-21. As per the existing guidelines of the Reserve Bank of India, deposits of the customers with ..
Ind-Ra estimates 5.5 Percent GDP Growth Rate for FY 21
The Mumbai headquartered India Ratings and Research (Ind-Ra) has estimated that the gross domestic product (GDP) of India to grow at 5.5 percent in FY21. The rating agency also hoped that the growth would improve in 2021 but the country’s ..
Month: Current Affairs - January, 2020
RBI increases Short-Term FPIs Limit
The Reserve Bank of India (RBI) recently increased the investment limit for FPIs in government and corporate bonds from 20 percent to 30 percent. In two separate notifications released by the banking regulator of India on Thursday, 23rd January 2020, ..
Month: Current Affairs - January, 2020
FDI Limit of Bharti Airtel now up to 100 Percent: DoT
Delhi based global telecommunication service provider, Bharti Airtel recently got approval from the Department of Telecommunications (DoT) to increase the Foreign Direct Investment (FDI) limit up to 100% of the paid-up capital from the earlier limit of 49%. The company ..
Month: Current Affairs - January, 2020
PPI Licence of Vodafone M-Pesa revoked by RBI
The Reserve Bank of India (RBI) recently canceled the Certificate of Authorisation (CoA) of Vodafone M-Pesa after it voluntarily surrendered its authorization. RBI authorizes the Payment System Operator to set up and operate in India under the Payment and Settlement ..
Month: Current Affairs - January, 2020
World Bank lowers India’s FY 2019-20 Growth Estimate to 5%
On Wednesday, 8th January 2020, the Washington D.C based international financial institution, World Bank has lowered India’s growth rate to 5 percent for the Financial Year (FY) 2019-2020 from the earlier projected growth rate of 6 percent, following the projection ..