The Reserve Bank of India (RBI) has enhanced scope of ‘Special Non-resident Rupee’ (SNRR) by allowing persons residing outside India to open such accounts for purposes such as-...
The Union Finance Minister on 10th October, 2019 announced that a high level committee will be formed to look into the regulations that govern multi state cooperative banks....
The new International Monetary Fund (IMF) chief Kristalina Georgieva warned that the global economy is witnessing ‘synchronised slowdown’ which will result in slower growth for 90% of the...
The Reserve Bank of India (RBI) rejected the merger proposal between Lakshmi Vilas Bank and mortgage lender Indiabulls Housing Finance Limited. If the RBI would have approved the...
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...
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...
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...
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...
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...
