The Reserve Bank of India (RBI) gave relief to diamantaires in Mumbai and Surat as it relaxed the rules of ‘suppliers’ and buyers’ credit for importing rough, cut...
The Reserve Bank of India has eased norms for overseas investment by Indian corporates by enhancing their borrowing limit. The apex bank has decided to reinstate the limit...
With a view to achieve financial inclusion, the Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks, permitting them to offer limited services. Banks...
The RBI has asked all Banks and Financial Institutions (FIs) to provide information and documents sought by the Special Investigation Team (SIT) set up to uncover black money. The...
The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions of FII and FDI. The panel headed by Finance Secretary was set up...
The Reserve Bank of India (RBI) conducted Open Market Operations (OMOs) to sell Rs 2,255 crore of government bonds between June 2 to June 6, 2014, to absorb...
The Reserve Bank of India will soon come up with India’s first payments bank, which will offer deposit and payment services but not provide loans. This idea is...
Making opening a bank account less cumbersome than earlier, the RBI has said that accounts can now be opened with just one address proof, permanent or local. This...
From July 12, 2014, non-scheduled Urban Co-operative Banks (UCBs) will have to keep more of their deposits with the central bank as the Reserve Bank of India (RBI) has raised the...
