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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

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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

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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

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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,

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

13 Feb

RBI withdraws SDR, S4A on NPA resolution

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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

12 Feb

US policies may disrupt global markets: Urjit Patel

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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