Monetary Policy Committee (MPC) of RBI hikes policy repo rate by 25 basis points to 6.50%

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked policy repo rate by 25 basis points to 6.50% in its third bi-monthly monetary policy review of 2018-19. Repo rate is the rate at which the RBI ..

Ravi Menon named as best central bank governor in Asia-Pacific for 2018

Ravi Menon, an Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018 by the leading UK-based magazine ‘The Banker’ for his contribution in the makeover of Singapore’s financial system. He is the ..

RBI initiates PCA against Allahabad Bank over its high bad loans

The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute ..

Reserve Bank of India (RBI) released its 4th bi-monthly monetary policy statement for year 2017-18

The Reserve Bank of India (RBI) has recently released its 4th bi-monthly monetary policy statement for the year 2017-18. As per the monetary policy statement, the policy repo rate under the Liquidity Adjustment Facility (LAF) has remain unchanged at 6%. ..

Electoral Bonds: Meaning, Functions, Issues and Analysis

Scheme of Electoral bonds was first released in Budget-2017 to reform political funding. On January 2, 2018, the central government has outlined the contours of this scheme. Electoral Bonds: Salient Features Electoral Bonds are like promissory notes (not themselves are ..

Central Bank auctions Treasury Bills under MSS

Reserve Bank of India today auctioned 35-days Treasury Bills worth Rs. 60,000 Crores under the aegis of Market Stabilization Scheme as a step to clean the extra liquidity from the system. The bids were submitted via an electronic format on ..