RBI Archive

Issue of Sovereign Gold Bond 2018-19-Series-I from 16 to 20 April 2018

Author: | Categories: RBI No comments
Issue of Sovereign Gold Bond 2018-19-Series-I  The ​Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bond, 2018-19-Series-I. Applications for the bond will be accepted from 16th to 20th April, 2018. The Certificate of Bond (s) will be issued on May

 

Designated bank branches shall be open till to 8.00 pm on 31st March, 2018. RTGS and NEFT to continue till midnight

Author: | Categories: RBI No comments
As per latest RBI Notification, for reporting and accounting of government transactions [including collection of Direct Taxes (CBDT) and Indirect Taxes (CBEC)] designated bank branches shall be open till to 8.00 pm on March 31, 2018. RTGS and NEFT to continue till midnight on March 31, 2018 Reserve Bank of

 

There is complete removal/weak RBI powers on corporate governance at PSBs-RBI Governor

Author: | Categories: RBI No comments
There is  complete removal/weak RBI powers on corporate governance at PSBs. No Banking Regulator Can Catch or Prevent All Frauds-RBI Governor Banking Regulatory Powers Should Be Ownership Neutral RBI Governor, Shri Urjit Patel in his speech at the Gujarat National Law University (GNLU) in Gandhinagar has stated that there has been a

 

RBI Discontinues Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits

Author: | Categories: RBI No comments
RBI Discontinues Letters of Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits with immediate effect.  In 2004, LoUs/LoCs were permitted by RBI allowing Authorised Dealers to Issue Guarantees upto USD 20 Million for Imports. Further, Master Direction No.5 of 2016 on ‘ External Commercial Borrowings, Trade

 

RBI announces Visiting Fellow Programme for experts from foreign central banks, international organizations, foreign universities, and other research bodies abroad

Author: | Categories: RBI No comments
RBI announces Visiting Fellow Programme  The Reserve Bank of India announces “RBI Visiting Fellow Programme” for experts from foreign central banks, international organizations, foreign universities, and other research bodies abroad. The key features of the programme are as under: RBI Visiting Fellow Programme (i) The visiting fellow should have a Ph.D

 

Reserve Bank introduces Ombudsman Scheme for Non-Banking Financial Companies

Author: | Categories: RBI No comments
Reserve Bank introduces Ombudsman Scheme for Non-Banking Financial Companies As announced in the Monetary Policy Statement of February 7, 2018, the Reserve Bank of India has launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFC) for redressal of complaints against NBFCs registered with RBI under Section 45-IA of the RBI

 

RBI Constitutes Expert Committee to look into role of various audits conducted in banks

Author: | Categories: RBI No comments
Expert Committee to look into role of various audits conducted in banks to check divergence in asset classification, provisioning and frauds Reserve Bank of India (RBI) in press release issued has stated that in view of large divergences observed in asset classification and provisioning in the credit portfolio of banks as