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RBI to frame standard procedure for FDI approvals

The Reserve Bank of India (RBI) is coming out with a Standard Operating Procedures (SOP) for approval of foreign direct investment (FDI) proposals by ministries. A recent meeting between the ministries, discussed the proposal for setting up norms for FDI approvals in sensitive sectors, which are currently under government approval of the FDI policy.  The

RBI to frame standard procedure for FDI approvals

The Reserve Bank of India (RBI) is coming out with a Standard Operating Procedures (SOP) for approval of foreign direct investment (FDI) proposals by ministries. A recent meeting between the ministries, discussed the proposal for setting up norms for FDI approvals in sensitive sectors, which are currently under government approval of the FDI policy.  The

OPERATING PROFIT OF BANKS

With the figures of the Listed Banks, available as on 31st December 2016, the RBI says that the banks’ asset quality position appears to have improved. The  gross non-performing assets (NPAs) ratio in the banking system has gone up, though the ratio has come down for the first time in some quarters says the report.

OPERATING PROFIT OF BANKS

With the figures of the Listed Banks, available as on 31st December 2016, the RBI says that the banks’ asset quality position appears to have improved. The  gross non-performing assets (NPAs) ratio in the banking system has gone up, though the ratio has come down for the first time in some quarters says the report.

RBI PROPOSED LOWERING OF MDR

Come April 2017, RBI has plans to bring down the Merchant Discount Rates on debit card transactions.  The plans are to rationalise the charges on the basis of merchant turnover rather than the slab rate followed at present.  The rates will also differ for general transactions and Government transactions. The proposed changes are: SN Transaction

RBI PROPOSED LOWERING OF MDR

Come April 2017, RBI has plans to bring down the Merchant Discount Rates on debit card transactions.  The plans are to rationalise the charges on the basis of merchant turnover rather than the slab rate followed at present.  The rates will also differ for general transactions and Government transactions. The proposed changes are: SN Transaction

RBI MONETARY POLICY

BE/RBI/4/2017 The monetary policy committee (MPC) kept the Reserve Bank of India’s policy rates unchanged, and shifted to Neutral position from Accommodative, in order to keep the pendulum move equally on either side (ie.,either an increase or decrease) which resulted in the bonds markets being upset with the pause policy of RBI. CRISIL opines that

RBI MONETARY POLICY

BE/RBI/4/2017 The monetary policy committee (MPC) kept the Reserve Bank of India’s policy rates unchanged, and shifted to Neutral position from Accommodative, in order to keep the pendulum move equally on either side (ie.,either an increase or decrease) which resulted in the bonds markets being upset with the pause policy of RBI. CRISIL opines that

CASH WITHDRDAWAL LIMITS THROUGH ATM

BE/RBI/5/2017 Reserve Bank of India has announced that the withdrawal limit in respect of Savings Account  would be lifted wef 13th March 2017 in two phases, due to the current remonetisation leap.  It added that the limit on cash withdrawal would be Rs. 50,000  per week w.e.f 20th Feb 2017 (which is currently Rs. 24,000/-)

CASH WITHDRDAWAL LIMITS THROUGH ATM

BE/RBI/5/2017 Reserve Bank of India has announced that the withdrawal limit in respect of Savings Account  would be lifted wef 13th March 2017 in two phases, due to the current remonetisation leap.  It added that the limit on cash withdrawal would be Rs. 50,000  per week w.e.f 20th Feb 2017 (which is currently Rs. 24,000/-)