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RBI Governor speaks on PNB Fraud

BE/RBI NOTE/9/2018 Preventing a Fraud is not possible, is what the RBI Governor says, referring to the Rs. 11,400 crore scam at the Punjab National Bank.  There is an overall talk going on that RBI supervision team should have caught the fraud that has happened, which the Governor adds is possible to conclude after any

15 Mar

RBI Governor speaks on PNB Fraud

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BE/RBI NOTE/9/2018 Preventing a Fraud is not possible, is what the RBI Governor says, referring to the Rs. 11,400 crore scam at the Punjab National Bank.  There is an overall talk going on that RBI supervision team should have caught the fraud that has happened, which the Governor adds is possible to conclude after any

Quick Savings Recovery after Note Ban

BE/RBI NOTE/8/2018 The Reserve Bank of India, released the Publications on Households’ financial assets pattern every year, which is now made a quarterly release.  Housinghold savings which is an important measure, for finding macroeconomic and systemic risks, is taken into consideration for prepartion of bi-annual financial stability report. The first of such quarterly report was

12 Mar

Quick Savings Recovery after Note Ban

Admin Bankedge

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BE/RBI NOTE/8/2018 The Reserve Bank of India, released the Publications on Households’ financial assets pattern every year, which is now made a quarterly release.  Housinghold savings which is an important measure, for finding macroeconomic and systemic risks, is taken into consideration for prepartion of bi-annual financial stability report. The first of such quarterly report was

Regulatory Guidelines

BE/RBI NOTE/7/2018 It is very clear that RBI guidelines in respect of KYC norms, money laundering activities and currency chest management, including detection and impounding of counterfeit notes is very very important. It may be noted that Counterfeit notes under circulation is a menace in the economy which requires severe punishment.  Not bringing the facts

07 Mar

Regulatory Guidelines

Admin Bankedge

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BE/RBI NOTE/7/2018 It is very clear that RBI guidelines in respect of KYC norms, money laundering activities and currency chest management, including detection and impounding of counterfeit notes is very very important. It may be noted that Counterfeit notes under circulation is a menace in the economy which requires severe punishment.  Not bringing the facts

RBI tightens PS norms for MNC Banks

BE/RBI NOTE/6/2018 The Priority Sector lending Norma (PSLLending Norms) for Foreign Banks has further been tightened by Reserve Bank of India. With this RBI has made it mandatory for the Foreign Banks, to create sub targets, with a view to confirm that a portion of their loans is extended to the small and marginal farmers

05 Mar

RBI tightens PS norms for MNC Banks

Admin Bankedge

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BE/RBI NOTE/6/2018 The Priority Sector lending Norma (PSLLending Norms) for Foreign Banks has further been tightened by Reserve Bank of India. With this RBI has made it mandatory for the Foreign Banks, to create sub targets, with a view to confirm that a portion of their loans is extended to the small and marginal farmers

INDIA IS WORLD’S FASTEST GROWING ECONOMY

BE/RBI NOTE/5/2018 Likely-hood of RBI increasing interest rate after April policy review Bouncing back, India, has now become the fastest growing major world economy in the October-December quarter, thus overtaking China, for the first time in a year. This was due to government spending, manufacturing and services having picked up during the quarter.  The salient features: India,

03 Mar

INDIA IS WORLD’S FASTEST GROWING ECONOMY

Admin Bankedge

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BE/RBI NOTE/5/2018 Likely-hood of RBI increasing interest rate after April policy review Bouncing back, India, has now become the fastest growing major world economy in the October-December quarter, thus overtaking China, for the first time in a year. This was due to government spending, manufacturing and services having picked up during the quarter.  The salient features: India,