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Page-32 of Topic: RBI

Payment Banks need RBI’s Prior product approval

The Reserve Bank of India (RBI) has notified entities that have been granted a payments bank (PB) licence will need to take specific approval for products they would...

October 7, 2016

RBI Panel moots easing bank branch norms

The Reserve Bank of India (RBI) Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy has proposed easing bank branch norms.  It was chaired by Lily Vadera....

October 7, 2016

RBI cuts repo rate by 25 bps in 4th Bi-monthly Monetary Policy Statement

The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%. This...

October 5, 2016

Union Government notifies constitution of Monetary Policy Committee

The Union Government has notified the constitution of the six members Monetary Policy Committee (MPC). In this regard, the Union Finance Minister has used powers designated under the...

September 30, 2016

Union Government appoints three economists to Monetary Policy Committee

The Appointments Committee of Cabinet (ACC) has appointed three economists as the external appointees on the Monetary Policy Committee (MPC). They are Pami Dua, Chetan Ghate and Ravindra...

September 23, 2016

Urjit Patel assumes charge as 24th RBI Governor

Eminent economist, consultant and banker Dr. Urjit Patel has assumed charge as the 24th Governor of the Reserve Bank of India (RBI). Dr. Patel succeeds Raghuram Rajan who...

September 5, 2016

RBI asks banks to extend loans to women SHGs at 7% rate

Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG). This...

August 26, 2016

Urjit Patel appointed as 24th Governor of RBI

Union Government has appointed Urjit Patel (52) as new Governor of Reserve Bank of India (RBI). He will be 24th Governor of RBI He will have tenure of...

August 20, 2016

RBI keeps policy rates unchanged in 3rd bi-monthly monetary policy review

The Reserve Bank of India (RBI) in its third bi-monthly monetary policy review for year 2016-17 has maintained status quo in key policy interest rate. It was last...

August 9, 2016

RBI constitutes Tarun Ramadorai committee to look at household finances in India

The Reserve Bank of India (RBI) has constituted Dr. Tarun Ramadorai committee to study various facets of household finance in India. The committee will be chaired by Tarun...

August 6, 2016

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