Page-35 of Reserve Bank of India
K C Chakrabarty re-appointed as RBI Deputy Governor
The Government of India today re-appointed Dr. K C Chakrabarty as the Deputy Governor of the Reserve Bank of India for a further period of three months beyond June 14, 2012 or until further orders, whichever is earlier. Dr. K ..
Month: Current Affairs - June, 2012
RBI doubles home loan limit to Rs. 10 lakh to promote housing for low income groups
The RBI has doubled the limit for home loans from Rs 5,00,000 to Rs 10,00,000 for consideration under Priority Sector Lending. This move was taken by RBI in a bid to encourage housing for low income groups in key cities. ..
Month: Current Affairs - April, 2012
GK for Bank PO & Bank Clerical Recruitment Tests
1. Which among the following organization has been conducting surveys of the strength of financial markets of various countries and ranks them accordingly in its flagship annual “Financial Development Report”? [A]G-20 [B]UNCTAD [C]World Economic Forum [D]World Bank World Economic Forum ..
Current Monetary Policy of Reserve Bank of India: 3rd Quarter Review 2011-12
Background: The Reserve Bank began exiting from the crisis driven expansionary policy in October 2009. Between January 2010 and October 2011, the Reserve Bank cumulatively raised the cash reserve ratio (CRR) by 100 basis points and the policy rate (the ..
Month: Current Affairs - February, 2012
Current Affairs : January 30-31, 2012
India’s Per Capita Income: Rs 53,331 per annum The latest Quick Estimates of National Income released by the Central Statistical Office (CSO) show that India’s per capita income grew by 15.6 per cent to Rs 53,331 per annum in 2010-11, ..
Month: Current Affairs - February, 2012
A look into recent RBI decisions
The Reserve Bank of India’s third quarter recapitulation of monetary policy was devoid of major surprises. The only change in monetary policy instruments was a cut in the Cash Reserve Ratio (CRR) by 0.50% point to 5.5%. This decision will ..
Month: Current Affairs - February, 2012
Current Affairs : January 24, 2012
Al-Qaeda takes over Yemen city In Yemen, Al-Qaeda militants have taken over the city of Rada in the Southeastern Al Bayda province. They have named Tareq al-Dahab, a brother-in-law of slain US-born cleric Anwar al-Awlaqi, who was killed in a ..
Month: Current Affairs - January, 2012
Category: Government Schemes Current Affairs
End of Regulated Interest Rates Era
Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator and now the savings bank account interest rates have been deregulated. This ..
Month: Current Affairs - December, 2011
Property transaction Norms for NRIs, eased by RBI
The Reserve Bank of India (RBI) recently allowed Indians who have non-resident accounts in India to hold them in any currency which is fully convertible. This decision by RBI is likely to assist NRIs/PIOs (Persons of Indian Origin) as it ..
Month: Current Affairs - December, 2011
Current Affairs: December 8-9, 2011
Indian Hispanist gets Peruvian honour Noted scholar and Hispanist S.P. Ganguly awarded one of Peru’s highest civilian honours – Order of Merit for Distinguished Services – for strengthening cultural links between India and the Latin American nation. Banks asked to ..