Appointments Committee of Cabinet (ACC) has approved appointment of Chartered Accountant Swaminathan Gurumurthy and businessman Satish Kashinath Marathe as another non-official director on Central Board of Reserve Bank...
The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659...
India Post Payments Bank (IPPB) is expected to go live with 650 branches in addition to 3,250 access points co-located at post offices in August, 2018 following final...
Reserve Bank of India (RBI) will shortly issue new Rs. 100 denomination banknotes in lavender colour in Mahatma Gandhi (New) Series. This comes on back of new designs...
The Reserve Bank of India (RBI) has proposed setting up of Board of Management (BoM) in all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore...
Ministry of Electronics and Information Technology (MeitY) is testing credit rating model, a new system that will assist banks in assessing credit risk and probability of fraud using...
The Reserve Bank of India (RBI) has narrowed the definition of relatives under the ‘maintenance of close relative’ category of Liberalised Remittance Scheme (LRS) to check outflow of...
The Reserve Bank of India (RBI) has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates. This move is aimed at attracting...
The Reserve Bank of India (RBI) has announced that it will set up a Public Credit Registry (PCR) as a repository of information regarding loan information of individuals...
On June 6, 2018, the six members Monetary Policy Committee (MPC) of RBI has decided to hike Repo (short term lending rate) to 6.25% from 6.00%. As per...
