Page-29 of Current Affairs - October, 2013
RBI directs Banks to end zero interest EMI schemes
In a major blow to the banks and merchant establishments, the Reserve Bank of India has instructed banks to stop offering zero interest EMI (Equated Monthly Installment) schemes for the purchase of consumer goods in a bid to discourage them ..
Month: Current Affairs - October, 2013
RBI will use OMOs to ensure liquidity
Giving assurance to the markets, the Reserve Bank of India said that it will take actions, including Open Market Operations (OMOs), to ensure adequate liquidity in the system. The central bank’s assurance follows hardening of yields on government securities after governor Raghuram Rajan raised the ..