Page-10 of Topic: RBI
5% additional Dearness Allowance approved
Additional installment of Dearness Allowance and Dearness Relief was approved by the Union Cabinet on October 9, 2019. According to the approval, the central government employees are provided...
RBI Consumer Confidence Survey, 2019
According to RBI Consumer Confidence Survey, the consumer confidence dipped to a six-year low. The federal bank says that this is mainly due to decline in employment, income...
RBI cuts Repo Rate
RBI today released its 4th bi – monthly policy review. The Reserve Bank of India cut repo rate by 25 base points to 5.15%. It is the lowest...
Key Facts: Why RBI has abruptly placed restrictions on PMC Bank?
The Reserve Bank of India has imposed caps on withdrawals made by customers of Punjab and Maharashtra Cooperative Banks for 6 months. The imposition was invoked by the...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...
Government gets Rs 1.76 lakh crore surplus transfer from the RBI
The Indian Government has received a massive boost from the RBI as the RBI has agreed to transfer over Rs. 1.76 lakh crores.? What has happened? The Bimal...
CVC constitutes Advisory Board for Banking Frauds
The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and...
State of Automobile Industry in India
The Indian Auto Industry is in a really bad shape right now as cars have plummeted over 30% year on year and this has to lead to manufacturers...
India’s forex reserves at new life-time high of $430.57 bn
According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US 430.572 billion in week to August 9,...
Looming Global Economic Slowdown leads to a recession
As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a...
Scheduled Bank Status in India
The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are...
