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CENTRAL BANK ON INCREASING KEY POLICY RATES

BE/RBI NOTE/18/2018 The crucial Monetary Policy Committee (MPC) is coming up on 4-6 June 2018.  Economists, have predicted with the increased oil prices and an upward trend in the inflation rates, the crucial meeting of MPC on 4-6th June 2018 might come up with a 25 basis points hike in key policy rates. Causes and

CENTRAL BANK ON INCREASING KEY POLICY RATES

BE/RBI NOTE/18/2018 The crucial Monetary Policy Committee (MPC) is coming up on 4-6 June 2018.  Economists, have predicted with the increased oil prices and an upward trend in the inflation rates, the crucial meeting of MPC on 4-6th June 2018 might come up with a 25 basis points hike in key policy rates. Causes and

RBI Removes Curb On Bonds maturity

BE/RBI NOTE/17/2018 Volatility of Hot money flow is envisaged with the recent actions initiated by the Central Bank (Reserve Bank of India) in attracting the foreign buyers in investing in the Indian Debt Market.  The crux of the issue is as under: Causes: RBI lifted a restriction limiting foreign investors in buying of bonds of

RBI Removes Curb On Bonds maturity

BE/RBI NOTE/17/2018 Volatility of Hot money flow is envisaged with the recent actions initiated by the Central Bank (Reserve Bank of India) in attracting the foreign buyers in investing in the Indian Debt Market.  The crux of the issue is as under: Causes: RBI lifted a restriction limiting foreign investors in buying of bonds of

SOARING BAD LOANS OF PSU BANKS

A figure which was Rs. 2.67 trillion on 31st March 2015 has soared to Rs. 6.89 trillion on 30th June 2017, reports the Minister of State for Finance on April 6, 2018. Don’t think this is something related to our GDP or profit earned on our Exports.  It is a figure which could bring a

SOARING BAD LOANS OF PSU BANKS

A figure which was Rs. 2.67 trillion on 31st March 2015 has soared to Rs. 6.89 trillion on 30th June 2017, reports the Minister of State for Finance on April 6, 2018. Don’t think this is something related to our GDP or profit earned on our Exports.  It is a figure which could bring a

SPEEDING UP OF CRYPTO TO CRYPTO TRADING

BE/RBI NOTE/16/2018 We might recall that on April 6, 2018, Reserve Bank of India, had made it mandatory for banks, e-wallets and payment gateway providers to withdraw support for cryptocurrency exchanges in a period of three months. REPERCUSSIONS: This has now compelled the country’s three large cryptocurrency exchanges namely ZEBPAY, KOINEX AND ZECOEX to offer

SPEEDING UP OF CRYPTO TO CRYPTO TRADING

BE/RBI NOTE/16/2018 We might recall that on April 6, 2018, Reserve Bank of India, had made it mandatory for banks, e-wallets and payment gateway providers to withdraw support for cryptocurrency exchanges in a period of three months. REPERCUSSIONS: This has now compelled the country’s three large cryptocurrency exchanges namely ZEBPAY, KOINEX AND ZECOEX to offer

KYC norms for financial entities: RBI updates

BE/RBI  NOTE/15/2018 Updates on KYC Norms (Know Your Customer Norms) have now come out from Reserve Bank of India for Banks and financial entities.  RBI for the first time since 2016 has strictly regulated these institutions from opening fictitious named accounts.  The guideline adds: The REs (Regulated Entities) should ensure that no accounts are opened,

KYC norms for financial entities: RBI updates

BE/RBI  NOTE/15/2018 Updates on KYC Norms (Know Your Customer Norms) have now come out from Reserve Bank of India for Banks and financial entities.  RBI for the first time since 2016 has strictly regulated these institutions from opening fictitious named accounts.  The guideline adds: The REs (Regulated Entities) should ensure that no accounts are opened,