In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external commercial borrowing (ECB) to $ 10 bilion. Currently, foreign institutional investors (FIIs) are permitted to ..
Topic: Central bank [18 items]
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 C Chakrabarty was appointed as Deputy Governor in 2009 for a period of three years ..
The Institute of Banking Personnel Selection (IBPS) is going to conduct the 2nd Common Written Examination (CWE- PO/ MT- II) for recruitment of Probationary Officers/ Management Trainees post in 19 public sector banks of India. The tentative date of examination is 17 June 2012. This article gives the candidates, a preliminary information about the examination ..
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 Show Answer 2. Which among the following sector has been the most affected sector in ..
Strong Fundamentals: The IBA-FICCI-BCG Report (August 2011), says that India’s Gross Domestic Product (GDP) growth will make the Indian banking industry the third largest in asset size in the world by 2025′. This report gives a very hopeful picture of the Indian Banking Sector in times ahead. However, being largest is not enough – being ..
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 repo rate) 13 times by 375 basis points. This monetary policy response was calibrated on ..
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 in turn resulted in- Release of Rs.32,000 Crore of funds squeezed from banks. The key ..
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 will give them more options in the holding of accounts, and diminish the peril from ..