Current Affairs

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Page-40 of Topic: RBI

Now only 3 transactions per month from ATMs of other Banks

The Reserve Bank of India (RBI) has allowed Banks to set a limit on free ATM transactions customers can do at ATMs of rival lenders. Now customers of...

August 14, 2014

Bimal Jalan appointed as head of Expenditure Management Commission

Former Reserve Bank of India (RBI) Governor Bimal Jalan has been appointed as head of the Expenditure Management Commission, which will study various aspects of expenditure reforms to...

August 13, 2014

Direct Cash Transfers will cut down corruption: Raghuram Rajan

The Governor of Reserve Bank of India, Mr. Raghuram Rajan, vociferously supported Direct Cash Transfers (DCT) to the poor, saying this would help curb corruption by breaking the...

August 13, 2014

Reserve Bank issue draft guidelines for ‘anytime anywhere’ Bharat Bill Payment System

With a view to introduce an ‘anytime anywhere payment system’, the Reserve Bank of India (RBI) issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS)....

August 9, 2014

RBI leaves Repo unchanged, SLR slashed by 50 basis points

As per RBI’s third bi-monthly monetary policy statement for 2014-15 the central bank has not made any change in Repo rate which is currently at 8%. The Reverse...

August 5, 2014

RBI to keep enhancing forex reserves cover: Bank of America- Merrill Lynch

As per a report by Bank of America- Merrill Lynch, the Reserve Bank of India (RBI) will continue to buy dollars to increase the foreign exchange reserves to...

August 4, 2014

S S Mundra assumes office as RBI deputy governor

S S Mundra (60) has taken charge as deputy governor Reserve Bank of India. As a deputy governor of the central bank, he will be responsible for banking...

July 31, 2014

RBI regresses to multiple price method for bond auctions

The RBI will revert to the Multiple Price method for bond auctions on August 1, 2014, a year after it adopted the present method of Uniform Price. On...

July 29, 2014

RBI rejects Andhra's request for farm loan waiver

The Reserve Bank of India (RBI) communicated the Andhra Pradesh government that there was no case for considering its request for restructuring of agricultural loans in the state. A...

July 29, 2014

Registration certificates of six NBFCs cancelled by RBI

The Reserve Bank of India (RBI) has cancelled the certificate of registration of six Non-Banking Financial Companies (NBFCs) based in Delhi. Now, these companies would not be able...

July 29, 2014

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