Page-30 of Reserve Bank of India (RBI)
RBI signs an information sharing agreement with Brazil’s Central Bank
Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank- Banco Central do Brasil (BCB). This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor ..
Month: Current Affairs - January, 2015
RBI cuts repo rate by 25 basis point
Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect. It was announced ahead of the scheduled date of monetary policy announcement on 3rd February 2015 as ..
Month: Current Affairs - January, 2015
Kotak Mahindra-ING Vysya merger gets shareholders nod
Private sector Kotak Mahindra Bank has received its shareholders nod for merger of Bengalaru-headquartered ING Vysya Bank with itself. It was approved by the 99.30 per cent in number representing 99.93 per cent in value of the shareholders present. This ..
Month: Current Affairs - January, 2015
RBI relaxes KYC norms for Non-Banking Financial Companies (NBFC's)
Reserve Bank of India (RBI) has relaxed Know-Your-Customers (KYC) norms for Non-Banking Financial Companies (NBFCs). In this regard, RBI has amended the KYC norms in order to remove the practical difficulties and constraints being faced by NBFC’s in getting KYC ..