Following a sequence of investigations by the banks themselves in high-profile cases viz. Deccan Chronicle, Kingfisher Airlines, etc. which yielded very little, the RBI has now decided to itself...
RBI fully sold the Rs 200 billion ($3.31 billion) worth of Government bonds on Thursday April 17, 2014, executing the India’s biggest-ever auction. Speculations ran in market that Life...
RBI panel headed by RBI Deputy Governor Anand Sinha has recommended bringing a benchmark floating interest rate, especially for home loans. Panel also suggested Indian Banks Base Rate (IBBR). Objective: To inspect...
RBI has granted “in-principle” banking licences to Infrastructure Development Finance Company (IDFC) and microfinance lender Bandhan Financial Services Ltd. The declaration was made by RBI after nod from the Election Commission. RBI...
The key highlights of the bi-monthly monetary policy review by RBI are as follows: Repo Rate (RR) under the Liquidity Adjustment Facility (LAF) unchanged at 8.0% Reverse Repo...
India’s foreign exchange reserves continued their rally for the fourth straight week, increased by $1.35 billion to 298.64 billion dollar on a surge in currency assets even though...
As per the rating agency, India Ratings (formerly Fitch), the putting off of Basel III by the Reserve Bank of India (RBI) till March 2019 would ease pressure...
The Reserve Bank of India (RBI) simplified foreign portfolio investment norms by putting in place an easier registration process and operating framework to attract inflows. The portfolio investor...
As per the Aditya Puri committee recommendations, customers should be given a free copy of their credit profile as it would help in promoting financial discipline among loan...
