Fourth Bi-monthly
Monetary Policy Statement, 2016-17 Resolution of the
Monetary Policy Committee (MPC), Reserve Bank of India On the basis of an
assessment of the current and evolving macroeconomic situation at its meeting today,
the Monetary Policy Committee (MPC) decided to…
Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts
India's Forex Reserves On the Rise to US$ 368 billion
India's Foreign Exchange Reserves On the Rise.. According to the weekly statistical supplement released by the Reserve Bank of India (RBI) on 9th September, 2016 India's foreign exchange reserves (FOREX) have continued to soar over the past couple of months and have…
Free Annual CIBIL Report to Individuals from January 1, 2017 :Reserve Bank
Free Annual CIBIL Report to
Individuals from January 1, 2017 :Reserve Bank The Committee to Recommend Data Format for Furnishing of Credit
Information to Credit Information Companies (Chairman: Mr. Aditya Puri)
constituted by the Reserve Bank of India (RBI) had recommended …
Important Information - Bank Cheque Written - LAKH or LAC?
Important Information
As per new guideline given by RBI spelling should be written in LAKH not LAC on cheque.
Please note.
Who will be the next RBI governor ..?
who will be the next RBI governor No to IInd Term as RBI Governor - Raghuram Rajan "who will be the next RBI governor" Message to RBI staff from Dr. Raghuram Rajan. Dear Colleagues, I took office in September 2013 as the 23rd Governor of the Reserve Bank of India (R…
NPA - Huge difference in Public Sector Banks Versus Private banks
Huge difference in lending prudence at public versus private banks NPA - Huge difference in Public Sector Banks Versus Private banks
What is United Payment Interface - UPI?
What is United Payment Interface - UPI? This Unified Payment Interface document provides a payments architecture
that is directly linked to achieving the goals of universal electronic payments, a less
cash society, and financial inclusion, using the latest technology trends…
RBI to issue Rs.500 and Rs.1,000 Bank notes with 3 Additional Features..!
The Reserve Bank of India will shortly put into
circulation banknotes in the denominations of Rs. 500 and Rs. 1000
incorporating three new/revised features - (1) ascending size of numerals in the number
panels, (2) bleed lines, and (3)
enlarged identification mark. It may be …
RBI : Understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit & loan interest rate & on inflation.
Reserve Bank of India : Understand CRR, SLR, Repo Rate, Reverse Repo Rate and their
impact on deposit & loan interest rate & on inflation. Santa:: I have heard recently that Reserve Bank of India (RBI) governor Mr.
Rahuram Rajan has reduced Repo Rate by 0.5% (50 basi…
Will RBI’s Generous Rate Cut Revive The Indian Real Estate Industry?
Investment GuruWednesday, September 30, 2015News - SEPTEMBER 2015, RBI, Special Articles
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By Mr. Anuj Puri, JLL India As opposed to the market’s expectation of a 0.25% cut,
the RBI has delivered an astounding 0.50% reduction. With this, it
has clearly abandoned its cautious baby-steps approach and assumed a bolder
stance, obviously because the current economic fu…
SBI All loans would become cheaper by 0.40%.
Investment GuruWednesday, September 30, 2015bank, Interest Rate, News - SEPTEMBER 2015, RBI
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RBI cut benchmark repurchase (repo) rate from 7.25% to 6.75%, lowest in four-and-half-years. Soon after reduction in repo rate by the Reserve Bank of India (RBI) , country’s largest lender State Bank of India (SBI) on Tuesday (September 29, 2105) slashed minimum lending or …
No late Charges for Delay in Credit Card Payment for Three Days..!
Reserve Bank of India (RBI) has issued a direction to all Banks regarding
late payment charges on credit cards dues on July 16, 2015. According to RBI circular bank can charge late
payment fees charges only after 3 (three)
days from due date shown in credit card bill. Its …
India: House Price Inflation at 42 Month Low
House price inflation dropped to a 14-quarter (42
Month) low of 3.6% in Q3 FY15 (2014 October to December) due to lower end-user
demand and rising inventory. House price inflation dropped to a 14-quarter (42
Month) low of 3.6% in Q3 FY15 due to lower end-user demand & ri…
Two Rate Cuts by RBI in 2015: No Rate Reduction by 70 Banks
No rate reduction by about 70 banks despite 2 rate cuts
by RBI..! Earlier this April month, RBI Governor Mr. Raghuram
Rajan was very critical of Indian banks for not passing on the rate cut
benefits to the borrowers. As many as about 70 banks, including 23 public sector
lende…
The loan limits for housing under priority sector have been revised...!
RBI releases revised
priority sector lending norms for banks..! The Reserve Bank of India
(RBI) today revised priority sector lending ( PSL ) norms, adding new segments
such as micro, small and medium enterprise ( MSME ), social infrastructure and
renewable energy under the ambi…
RBI Cautions Against MLM Schemes
The Reserve Bank of
India (RBI) on recently cautioned the public against multi-level marketing
(MLM) activities so that investors do not fall prey to unscrupulous entities. Explaining the modus
operandi of these entities, the RBI stated that MLM / or Chain Marketing / or
Pyr…
Pre-2005 Series Bank Notes RBI FAQs
The
Reserve Bank of India has extended the deadline for turning in pre-2005
currency notes to June 30, 2015. 1. What are the pre-2005 series bank notes? The
RBI (Reserve Bank of India) issued
Mahatma Gandhi series (MG series) 2005 ban knotes in the denomination of Rs.
10, Rs…