Topic: Central bank
Croatia’s switch to Euro
Croatia has taken two major steps towards further integration with the European Union (EU) by adopting the euro and joining the Schengen zone. The country officially became the...
Supreme Court Verdict on Demonetisation Case
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision,...
India’s Holdings of US Government Securities Reached Record High
In February, India’s holdings of US government securities reached 177.5 billion USD- an increase of 33.2 billion USD in one year. Top Countries Holding US Government Securities The...Reserve Bank of India (RBI) cuts its key lending rate
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by...
What could be implications of RBI’s mandate to link lending rates to an external benchmark?
The Reserve Bank of India, in a recent announcement, has mandated the banks to link their lending rates for loans to an external benchmark. This has made it...Merger of the 10 Public Sector Banks
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular...RBI’s Surplus Transfer
The Reserve Bank of India has transferred a surplus of Rs. 1.76 lakh crores to the Indian Government. This payment, which is equal to 1.25% of the Indian...Housing Finance Companies to be treated as NBFCs
The Reserve Bank of India (RBI) has issued a notification stating that housing finance companies (HFCs) will be treated as one of the categories of Non-Banking Financial Companies...6-member Monetary Policy Committee of RBI reduces repo rate
On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from...RBI allows modern currency chests to hike service charges
The Reserve Bank of India (RBI) has allowed large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the existing rate...
