Arun Jaitley to chair 17th meeting of Financial Stability and Development Council (FSDC) was held

Arun Jaitley, the Union Finance Minister, has chaired the 17th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on August 22, 2017. The Council discussed the issues and challenges facing the Indian economy and stressed the ..

Mohammad Mustafa appointed as new CMD of Small Industries Development Bank of India (SIDBI)

Mohammad Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, has been appointed as the new Chairman and Managing Director (CMD) of Small Industries Development Bank of India (SIDBI) for a period of 3 years. At present, he is ..

Reserve Bank of India (RBI)’s 3rd bi-monthly monetary policy statement for year 2016-17

According to the Reserve Bank of India (RBI)’s 3rd bi-monthly monetary policy statement for year 2016-17, the policy repo rate under the Liquidity Adjustment Facility (LAF) has reduced by 25 basis points from 6.25% to 6.0% with immediate effect. This ..

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 ..

RBI revises Market Stabilisation Scheme (MSS), raises ceiling to Rs. 6L crore

In a major move to deal with extra liquidity created in the system due to the demonetisation drive, the Central government as per the directions of the Reserve Bank of India raised the ceiling on Market Stabilization Scheme from Rs. ..

Srikrishna committee: ‘Common regulator for financial sector’

As per the suggestions made by Financial Sector Legislative Reforms Commission (FSLRC), headed by former Justice B. N. Srikrishna, key regulators such as the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority (IRDA), the Pension ..