Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts

RBI Fourth Bi-monthly Monetary Policy 2016-17 : Reduce Repo rate by 0.25% from 6.5 per cent to 6.25% per cent..!

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…
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India's Forex Reserves On the Rise to US$ 368 billion

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…
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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 …
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Important Information - Bank Cheque Written - LAKH or LAC?

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.
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Who will be the next RBI governor ..?

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…
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NPA - Huge difference in Public Sector Banks Versus Private banks

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
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What is United Payment Interface - UPI?

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…
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RBI to issue Rs.500 and Rs.1,000 Bank notes with 3 Additional Features..!

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 …
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RBI : Understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit & loan interest rate & on inflation.

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…
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Will RBI’s Generous Rate Cut Revive The Indian Real Estate Industry?

Will RBI’s Generous Rate Cut Revive The Indian Real Estate Industry?
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…
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SBI All loans would become cheaper by 0.40%.

  SBI All loans would become cheaper by  0.40%.
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 …
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No late Charges for Delay in Credit Card Payment for Three Days..!

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 …
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India: House Price Inflation at 42 Month Low

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…
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Two Rate Cuts by RBI in 2015: No Rate Reduction by 70 Banks

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…
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The loan limits for housing under priority sector have been revised...!

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…
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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…
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Pre-2005 Series Bank Notes RBI FAQs

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…
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