Category: RBI
RBI Governor’s Statement – Second Bi-Monthly Monetary Policy, 2019-20 Date : Jun 06, 2019 During June 3rd and 4th, 2019 the Monetary Policy Committee (MPC) assessed recent macroeconomic developments and the outlook. In its meeting today, it voted unanimously to reduce the policy repo rate by 25 basis points, …
RBI abolishes RTGS and NEFT transactions charges, ATM Fee Structure also under review. The Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electronic Funds Transfer (NEFT) System for other …
RBI blacklists S.R.Batliboi & Co. LLP for carrying out statutory audit of commercial banks for 1 year RBI blacklists S.R.Batliboi & Co. LLP, Chartered Accountants for carrying out statutory audit assignments in commercial banks for one year starting from April 1, 2019. The above action is the outcome …
Sovereign Gold Bond Scheme 2019-20 to be issued every month from June 2019 to Sep 2019 Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued every month from June 2019 to September 2019 …
Reserve Bank of India Constitutes Committee on the Development of Housing Finance Securitisation Market Reserve Bank of India, with a view to review the existing state of mortgage securitisation in India and various issues constraining market development, and to develop the market further, the Reserve Bank of India …
RBI extends RTGS Timings for Customer Transactions from 4:30 pm to 6:00 pm from 1st June 2019 Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions As per RBI notification, timings for customer transactions (initial cut-off) in RTGS shall be extended from 4:30 pm …
RBI releases draft circular on “Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies” for public comments The Non-Banking Financial Companies (NBFCs) play an important role in the financial system of the country, particularly in delivering credit to the last mile, including the retail as …
NBFCs to appoint a Chief Risk Officer if their asset size is more than 50 billion – RBI issues guidelines RBI has decided that NBFCs with asset size of more than Rs. 50 billion shall appoint a Chief Risk Officer (CRO) with clearly specified role and responsibilities. The …
RBI invites application for Scholarship Scheme for Faculty Members from Academic Institutions for undertaking short term research The Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education …
RBI extends coverage of NBFC Ombudsman Scheme to eligible Non Deposit Taking NBFC Reserve Bank of India (RBI) has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees …