RBI Governor Raghuram Rajan evinced confidence that the country would be able to finance the Current Account Deficit (CAD) without drawing down much from the forex reserves. RBI...
The Reserve Bank of India slashed the Marginal Standing Facility rate (MSF) by 75 basis points from 10. 25% to 9.50%. The central bank also rolled back minimum...
Now banks will have freedom to open branches in tier-I cities (those with population over 1 lakh) without seeking RBI’s approval in each case. However, as per RBI...
India’s first all-women bank, Bharatiya Mahila Bank, which expected to be operational from November 2013, has invited online applications from female candidates for the 115 Probationary Officer posts....
As per norms stipulated in the second set draft rules for the new company law, listed firms have been mandated to disclose in the board’s report the ratio...
The US Financial Stability Oversight Council’s (FSOC) designated insurance company Prudential Financial to its list of “too big to fail” institutions. The company has become the third non-bank...
In a surprising move, the Reserve Bank of India Governor Raghuram Rajan, in his maiden mid-quarter monetary policy review, hiked the short-term lending (repo) rate to 7.5%, seeking...
China launched its first direct bank, a new mode of providing online banking services without any entity outlets. The direct bank has been launched by the Bank of...
As per the notification by the RBI, the central bank has tightened rules for finance companies which lend against gold, in line with the suggestions of an internal...
In order to have a better control on financial transactions, such as equity and currency derivatives, the Reserve Bank of India has invited limited bids from about six...
