BE/RBI/24/2016 As part of the consolidation process within the SBI Group, its five associate banks including State Bank of Bikaner and Jaipur (SBBJ) will soon submit to the Reserve Bank the scheme of acquisition as ratified by shareholders. The board of the directors has considered the report of the expert committee set up to look

BE/RBI/23/2016 Concerned over low use of debit cards in electronic payments, the Reserve Bank of India wants banks that are not installing card accepting machines to contribute to a fund that will subsidise installation of point of sales (PoS) terminals. There are over 68-crore debit cards in India. Over a third of these have been added

BE/RBI/22/2016 The possibility of a rate hike in December by the US Federal Reserve – the central bank of the United States that controls the country’s money supply – and the expectation of the inflation falling further in India, may give adequate room for the new Reserve Bank of India Governor Urjit Patel to go

BE/RBI/20/2016 Now interest rates, will no more be decided by the RBI Governor, as the sole authority. The Government has appointed three members to the Monetary Policy Committee (MPC). The first review meeting is scheduled for October 4 2016. Following are the three academicians occupying the post: Mr. Chetan Ghate, Associate Professor at the Indian

Investment banks have had a meeting with IDBI Bank this week in Mumbai to plan out institutional share sale and offering of preferential shares to big investor who may also take over the management of the bank. This fund raising is expected to help the Bank strengthen its balance sheet and strap out the bad