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Page-39 of Topic: RBI

RBI releases final guidelines for the Bharat Bill Payment System (BBPS)

Reserve Bank of India issued the final guidelines for the Bharat Bill Payment System (BBPS). It is an integrated bill payment system offering inter-operable and accessible bill payment...

November 29, 2014

Inflation drops to 2.38% , five-year low

According to provisional estimates for the month of September 2014, WPI (Wholesale Price Index) based inflation has fallen to 2.38% which is a five year low.  This is...

October 16, 2014

RBI keeps all key rates intact in fourth bi-monthly monetary policy

The RBI announced its fourth bi-monthly monetary policy on September 30, 2014. This follows the third bi-monthly monetary policy which was announced in August 2014. CRR The CRR...

October 2, 2014

RBI gets tough; says, if a company is unable to repay then that could lead to other group units and management being termed ‘wilful defaulters’

RBI in order to put intense pressure on businessmen, whose companies default in future, has intensified wilful defaulter rules. Now if a company is unable to repay then...

September 10, 2014

RBI sets upper age limit for private bank CEOs at 70

The RBI brought relief for investors in HDFC Bank and IndusInd Bank, who have been anxious about the destiny of their celebrated chiefs who have provided massive returns...

September 10, 2014

“Willful defaulter tag is a powerful weapon in hands of banks for resolving bad loans”: RBI Governor

“The wilful defaulter tag is a powerful weapon in the hands of creditors for resolving distressed assets. It shuts out access to credit within the Indian financial system...

September 7, 2014

RBI notifies "Implementation of Basel III Capital Regulations in India – Amendments"

With reference to the ‘Guidelines on Implementation of Basel III Capital Regulations in India’ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012, RBI has now notified some amendments...

September 3, 2014

Disposal of loan proposals should be time-bound: RBI  

In order to speed up the process of credit decision, the RBI has asked banks to set up a timeline for clearance of loan proposals, but did not...

September 3, 2014

Overseas payment gateway for credit card transactions within India is now closed: RBI

The RBI has shut the overseas payment gateway for credit card transactions within India, saying that the rules need to be followed with respect to e-commerce credit card...

August 23, 2014

RBI board approves radical changes, introduces COO post as proposed by Raghuram Rajan

In a bid to introduce radical changes in the functioning of the Reserve Bank of India, the RBI board has approved Governor Raghuram Rajan’s proposal of shrinking organizational...

August 16, 2014

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