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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,

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,

RBI withdraws SDR, S4A on NPA resolution

BE/RBI NOTE/4/2018 The resolution time for resolving large NPAs, has been specified in strict terms by RBI.  Non compliance would result in referring them for necessary insolvency proceedings.  Also, the debt restructuring schemes viz SDR, S4A and such other schemes have been withdrawn by RBI. While announcing this, RBI has also defined various resolution plans

RBI withdraws SDR, S4A on NPA resolution

BE/RBI NOTE/4/2018 The resolution time for resolving large NPAs, has been specified in strict terms by RBI.  Non compliance would result in referring them for necessary insolvency proceedings.  Also, the debt restructuring schemes viz SDR, S4A and such other schemes have been withdrawn by RBI. While announcing this, RBI has also defined various resolution plans

US policies may disrupt global markets: Urjit Patel

BE/RBI NOTE/3/2018 The RBI Governor opined that the increased rates and changes in the fiscal policy of US Government, could possible affect the global markets and more so the emerging markets.  Also, the Governor Mr. Urjit Patel that the policies of US in the past had caused the Latin American Debt Crisis, and now the

US policies may disrupt global markets: Urjit Patel

BE/RBI NOTE/3/2018 The RBI Governor opined that the increased rates and changes in the fiscal policy of US Government, could possible affect the global markets and more so the emerging markets.  Also, the Governor Mr. Urjit Patel that the policies of US in the past had caused the Latin American Debt Crisis, and now the

RBI Monetary Policy

BE/RBI NOTE/2/2018 No change in the Repo Rate is the current news in the six member Monetary Policy Committee (MPC), meeting headed by RBI Governor Urjit Patel.  The Repo Rate remains at 6 percent and the Reverse Repo Rate at 5.75 percent. The Reserve Bank of India, meeting amidst the storm in the global market

RBI Monetary Policy

BE/RBI NOTE/2/2018 No change in the Repo Rate is the current news in the six member Monetary Policy Committee (MPC), meeting headed by RBI Governor Urjit Patel.  The Repo Rate remains at 6 percent and the Reverse Repo Rate at 5.75 percent. The Reserve Bank of India, meeting amidst the storm in the global market

SBI LIKELY TO BRING DOWN MIN BAL ON SB Accounts

There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly

SBI LIKELY TO BRING DOWN MIN BAL ON SB Accounts

There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly