Current Affairs

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RBI slashes repo rate by 25 bps, no change in CRR

The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points from 7.75% to 7.5% with immediate effect. As a result, The reverse repo...

March 20, 2013

RBI to start fresh IESH

The Reserve Bank of India (RBI) has launched the 31st Inflation Expectations Survey of Households (IESH) with January-March 2013 as the current reference period.  What is IESH? Inflation...

March 17, 2013

RBI to introduce Rs 10 plastic notes in 5 cities

Government and the RBI have decided to launch one billion pieces of Rs 10 bank notes made of plastic on a field trial basis in 5 cities viz....

March 17, 2013

Four regulators sign MoU to jointly supervise financial conglomerates

The four financial sector regulators in the country- RBI, SEBI, IRDA and PFRDA have inked a Memorandum of Understanding (MoU) for co-operation in the field of consolidated supervision...

March 15, 2013

RBI chief rules out a revision in inflation goal

The RBI Governor D. Subbarao has ruled out any revision in its inflation goal while addressing a meeting over the subject “Is there a new normal for inflation?”...

March 11, 2013

Financial inclusion plan main criteria for getting new bank licences: RBI

The Reserve Bank of India (RBI) has said in its new banking license guidelines that the important criteria for processing the application would be the business model of...

March 8, 2013

Impose monetary limit for overseas use of cards: RBI

The RBI has asked banks to fix a monetary limit for international transactions on credit and debit cards.More directives by the RBI: Banks should refrain from issuing cards...

March 6, 2013

Budget Box: Government to infuse Rs 14, 000 cr in PSU banks next fiscal

In the Budget speech it has been announced that the government will infuse Rs 14,000 crore in public sector banks in next fiscal (2013-14). Objective: To ensure that...

March 3, 2013

Budget Box: Banks can sell insurance products of multiple insurance firms

As per Budget 2013-14, banks will also act as brokers for selling insurance products of multiple companies. More highlights on Insurance sector: Insurance companies will be allowed to...

March 3, 2013

Value of currency note has not increased with inflation: RBI

As per a RBI study, the average value of a currency note did not keep pace with inflation in the past four decades. As per the study: There...

February 21, 2013

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