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RBI IS AGAINST CRYPTOCURRENCIES

BE/RBI/31/2017 Reserve Bank of India is not comfortable with NON FIAT crypto currencies like BITCOIN, according to a report received today. What is CRYPTOCURRENCY? CRYPTOCURRENCY is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

RBI IS AGAINST CRYPTOCURRENCIES

BE/RBI/31/2017 Reserve Bank of India is not comfortable with NON FIAT crypto currencies like BITCOIN, according to a report received today. What is CRYPTOCURRENCY? CRYPTOCURRENCY is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

RBI APPROVES DBS SUBSIDIARY

BE/RBI/30/2017 DBS Bank which is Singapore based has received in principle approval from RBI for setting up its wholly owned subsidiary in our country.  This is the second foreign bank which gets such approval after Bank of Mauritius. DBS applied for WOS (Wholly owned subsidiary) when RBI came out with its guidelines in 2013-14. During

RBI APPROVES DBS SUBSIDIARY

BE/RBI/30/2017 DBS Bank which is Singapore based has received in principle approval from RBI for setting up its wholly owned subsidiary in our country.  This is the second foreign bank which gets such approval after Bank of Mauritius. DBS applied for WOS (Wholly owned subsidiary) when RBI came out with its guidelines in 2013-14. During

Government Expects Increased Dividend From RBI

BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

Government Expects Increased Dividend From RBI

BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

RBI Cuts Repo Rates

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

RBI Cuts Repo Rates

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor