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RBI hikes REPO RATE

BE/RBI NOTE/29/2018 What Experts guessed has come true. RBI has raised the REPO rate by 25 Basis Points to 6.50 per cent and the Reverse REPO rate also stands revised to 6.25 per cent which was hitherto 6.25 per cent. This is the first time in nearly five years that the RBI has gone for a

02 Aug

RBI hikes REPO RATE

Admin Bankedge

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BE/RBI NOTE/29/2018 What Experts guessed has come true. RBI has raised the REPO rate by 25 Basis Points to 6.50 per cent and the Reverse REPO rate also stands revised to 6.25 per cent which was hitherto 6.25 per cent. This is the first time in nearly five years that the RBI has gone for a

Mounting Inflation might compel RBI to increase interest Rates

BE/RBI NOTE/28/2018 In a period of two months, possibility of the interest rates being hiked by RBI is foreseen during the ensuing bi-monthly policy meeting.   More Details are furnished below: A positive change resulting in high risks of inflation is said to be the main reason for the increase. A poll conducted consisting of over

30 Jul

Mounting Inflation might compel RBI to increase interest Rates

Admin Bankedge

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BE/RBI NOTE/28/2018 In a period of two months, possibility of the interest rates being hiked by RBI is foreseen during the ensuing bi-monthly policy meeting.   More Details are furnished below: A positive change resulting in high risks of inflation is said to be the main reason for the increase. A poll conducted consisting of over

Request from Banks to ease upon Cassette Swap norms

BE/RBI NOTE/27/2018 Container Technology connected with ATMs is well known to people.  Here, exchange of empty Cassettes for full is possible which an appreciable feature of ATMs is.  It is true that these cassettes can easily be accessed by anyone in the cash handling circle.  This is ofcourse an inherent risk. In order to avoid

25 Jul

Request from Banks to ease upon Cassette Swap norms

Admin Bankedge

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BE/RBI NOTE/27/2018 Container Technology connected with ATMs is well known to people.  Here, exchange of empty Cassettes for full is possible which an appreciable feature of ATMs is.  It is true that these cassettes can easily be accessed by anyone in the cash handling circle.  This is ofcourse an inherent risk. In order to avoid

RBI to shortly issue new Rs 100 note in lavender colour

BE/RBI NOTE/25/2018 Rs 100 denomination banknotes in the Mahatma Gandhi (new) series, bearing the signature of its Governor Urjit R. Patel, will be shortly issued by Reserve Bank of India (RBI) The new denomination banknote would bear the motif of ‘Rani Ki Vav’ on its reverse, thus portraying the country’s cultural heritage. The base colour

19 Jul

RBI to shortly issue new Rs 100 note in lavender colour

Admin Bankedge

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BE/RBI NOTE/25/2018 Rs 100 denomination banknotes in the Mahatma Gandhi (new) series, bearing the signature of its Governor Urjit R. Patel, will be shortly issued by Reserve Bank of India (RBI) The new denomination banknote would bear the motif of ‘Rani Ki Vav’ on its reverse, thus portraying the country’s cultural heritage. The base colour

WAIVER OF FARM LOAN IS A BURDEN ON ECONOMY

BE/RBI NOTE/25/2018   It is well known that a number of states have waived off farm loans after the 2014 General Elections in 2014.  The grey areas here as per RBI report are: The burden on farmers and their families have obviously reduced But the benefits to the overall economy through higher investments in agriculture and

16 Jul

WAIVER OF FARM LOAN IS A BURDEN ON ECONOMY

Admin Bankedge

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BE/RBI NOTE/25/2018   It is well known that a number of states have waived off farm loans after the 2014 General Elections in 2014.  The grey areas here as per RBI report are: The burden on farmers and their families have obviously reduced But the benefits to the overall economy through higher investments in agriculture and