BE/RBI NOTE/56/2018 The Government appointed Mr. Shaktikanta Das, as the Governor of Reserve Bank of India for a period of three years.  The  Appointments Committee of the Cabinet approved Mr. Das’s appointment for a three­year period.  Accordingly, the order was issued by the Department of Personnel and Training to this effect. Das retired as Secretary, Department of Economic Affairs (DEA) in 2017 Das was the face of the Government during the demonetization exercise and used to brief the media almost on a daily basis during the period November 9 and December 31, 2016. Under the current stormy relationship between the Finance Ministry and

BE/RBI NOTE/54/2018 Effective from 1st April 2019 Interest rates on new loans will be fixed by banks against an external benchmark as per communication released by RBI.  What is cause and effect of this? The existing loans will not be affected with the change in the rules As of now banks are pricing their loans

BE/RBI NOTE/53/2018 What is Prompt Corrective Action and what is the recent development related to the differences between the Central Government and the Reserve Bank of India?   Here are the important points one should know to under the concept clearly. Centre contends that because of RBI’s stringent PCA norms that several of the PSU Banks

BE/RBI NOTE/52/2018 WhatsApp has sought permission of Reserve Bank of India, in order to expand its payment services.  It is felt that their offerings will improve through financial inclusion. The Chief of WhatsApp has written to the Reserve Bank of India of India (RBI),  seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the Government over the spread of fake messages on its platform, still waits for a regulatory clearance to launch full­fledgedpayments operations in India  months after its ‘testing’  amassed nearly one million users — and almost two years since its first began