Current Affairs

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Page-37 of Banking Current Affairs

RBI keeps policy rates unchanged in 3rd bi-monthly monetary policy review

The Reserve Bank of India (RBI) in its third bi-monthly monetary policy review for year 2016-17 has maintained status quo in key policy interest rate. It was last...

August 9, 2016

RBI constitutes Tarun Ramadorai committee to look at household finances in India

The Reserve Bank of India (RBI) has constituted Dr. Tarun Ramadorai committee to study various facets of household finance in India. The committee will be chaired by Tarun...

August 6, 2016

Union Government fixes an inflation target of 4 percent for five years

The Union Government has set an inflation target of four per cent for the next five years i.e. till March 31, 2021. In this regard, Union Government will...

August 6, 2016

Takehiko Nakao re-elected as President of Asian Development Bank

Takehiko Nakao has been re-elected for a 2nd term as the President of the Asian Development Bank (ADB), which is beginning from November 2016. He was unanimously elected...

August 5, 2016

RBI launches portal to curb illegal money

The Reserve Bank of India (RBI) has launched a website (sachet.rbi.org.in) to curb illegal and unauthorised pooling of funds by unscrupulous firms. The website was launched by RBI...

August 5, 2016

RBI sets up Sudarshan Sen-headed Working Group on Fin Tech and Digital Banking

The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India...

July 15, 2016

SBI launches SBI Mingle, a social media banking platform

India’s largest lender State Bank of India (SBI) recently had launched SBI Mingle, a social media banking platform for Facebook and Twitter users. It was launched by SBI...

July 6, 2016

Sudarshan Sen appointed Executive Director of RBI

Sudarshan Sen has been as Executive Director of the Reserve Bank of India (RBI). He will replace NS Vishwanathan who was elevated as Deputy Governor of RBI. In...

July 5, 2016

SBI secures $625 million from World Bank for solar programm

India’s largest lender State Bank of India (SBI) has signed an agreement worth 4,200 crore rupees ($625 million) with the World Bank to support its grid connected rooftop...

July 4, 2016

RIL, SBI ink Subscription and Shareholders' Agreement for payments bank JV

Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the...

July 2, 2016

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