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RBI Report on Demonetised Notes

BE/RBI NOTE/34/2018   An RBI report released states that as much as 99.3 per cent of the junked Rs. 500 and Rs. 1000 which were demonetized by the Government has since returned to the banking system. RBI also stated that only a miniscule percentage of currency was left out of the system after the Government’s

29 Aug

RBI Report on Demonetised Notes

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BE/RBI NOTE/34/2018   An RBI report released states that as much as 99.3 per cent of the junked Rs. 500 and Rs. 1000 which were demonetized by the Government has since returned to the banking system. RBI also stated that only a miniscule percentage of currency was left out of the system after the Government’s

REAL EFFECTIVE EXCHANGE RATE

BE/RBI NOTE/33/2018 It is essential to know the Exchange rate of Rupee with other currencies.  How to get it?  Here is how we get it. A country trades with other countries. The home currency’s exchange rate with all the trading partners is required to be taken into account in order to judge the currency’s competitiveness.

28 Aug

REAL EFFECTIVE EXCHANGE RATE

Admin Bankedge

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BE/RBI NOTE/33/2018 It is essential to know the Exchange rate of Rupee with other currencies.  How to get it?  Here is how we get it. A country trades with other countries. The home currency’s exchange rate with all the trading partners is required to be taken into account in order to judge the currency’s competitiveness.

Rupee Weakens against Dollar: MPC minutes of RBI

BE/RBI NOTE/32/2018 Fears caused by Inflation followed by Oil rate hike has led to a hike in overall rates resulting in a weakened rupee. The risk of inflationary pressure coupled with increased oil prices forced the MPC committee of RBI to go for a rate hike in early August this year. The MPC members raised

17 Aug

Rupee Weakens against Dollar: MPC minutes of RBI

Admin Bankedge

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BE/RBI NOTE/32/2018 Fears caused by Inflation followed by Oil rate hike has led to a hike in overall rates resulting in a weakened rupee. The risk of inflationary pressure coupled with increased oil prices forced the MPC committee of RBI to go for a rate hike in early August this year. The MPC members raised

RBI Eyes On 200 Top Bad Loan Accounts

BE/RBI NOTE/31/2018 In order to avoid disgusting surprises in the bankruptcy court or surprises after debt resolution, RBI has identified around 200 loan accounts and thus would be going through books as far as 2011, as a part of their inspection process. Some of such accounts include Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and

14 Aug

RBI Eyes On 200 Top Bad Loan Accounts

Admin Bankedge

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BE/RBI NOTE/31/2018 In order to avoid disgusting surprises in the bankruptcy court or surprises after debt resolution, RBI has identified around 200 loan accounts and thus would be going through books as far as 2011, as a part of their inspection process. Some of such accounts include Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and

RBI’s Dividend to Government of India for 2017-18

BE/RBI NOTE/30/2018 Reserve Bank of India would be paying a dividend of Rs. 50,000 crore to the Union Government for the year ended June 30, 2018. It is understood that the board meeting of RBI Directors, which met in Mumbai, on August 8, 2018 has approved the transfer of surplus amounting to Rs. 50,000 crore

09 Aug

RBI’s Dividend to Government of India for 2017-18

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BE/RBI NOTE/30/2018 Reserve Bank of India would be paying a dividend of Rs. 50,000 crore to the Union Government for the year ended June 30, 2018. It is understood that the board meeting of RBI Directors, which met in Mumbai, on August 8, 2018 has approved the transfer of surplus amounting to Rs. 50,000 crore