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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,

RBI raises FPI limit

BE/RBI  NOTE/13/2018 Reserve Bank of India, pronounced an increase in the FPIs limits (Foreign Portfolio Investment Limits), for buying Indian Government and Corporate bonds, which possibly would increase the demand for securities and a fall in the bond yields. This move was taken by RBI in consultation with the Government after the expiry of the

RBI raises FPI limit

BE/RBI  NOTE/13/2018 Reserve Bank of India, pronounced an increase in the FPIs limits (Foreign Portfolio Investment Limits), for buying Indian Government and Corporate bonds, which possibly would increase the demand for securities and a fall in the bond yields. This move was taken by RBI in consultation with the Government after the expiry of the

RBI’s Monetary Policy Committee Meeting

What does RBI’s bi-monthly Monetary Policy Committee meeting reveal? Bullish on growth and dovish on inflation, is the revelation and meaning of the monetary policy review revealed by the central bank on Thursday the 5th April 2018. It was expected that the MPC headed by RBI Governor, came out with a status quo position on

RBI’s Monetary Policy Committee Meeting

What does RBI’s bi-monthly Monetary Policy Committee meeting reveal? Bullish on growth and dovish on inflation, is the revelation and meaning of the monetary policy review revealed by the central bank on Thursday the 5th April 2018. It was expected that the MPC headed by RBI Governor, came out with a status quo position on

RBI to take hawkish stance by end-2018

BE/RBI  NOTE/12/2018 The April meeting shortly coming up might induce RBI to keep monetary policy steady, however would result in its aggressive stand by the end of this year.  The interest rates could go up in early 2019, as inflation pressures build, according to a Reuter poll of economists. Further, Between March 23-28, all 61 economists

RBI to take hawkish stance by end-2018

BE/RBI  NOTE/12/2018 The April meeting shortly coming up might induce RBI to keep monetary policy steady, however would result in its aggressive stand by the end of this year.  The interest rates could go up in early 2019, as inflation pressures build, according to a Reuter poll of economists. Further, Between March 23-28, all 61 economists