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RBI APPROVES DBS SUBSIDIARY

BE/RBI/30/2017 DBS Bank which is Singapore based has received in principle approval from RBI for setting up its wholly owned subsidiary in our country.  This is the second foreign bank which gets such approval after Bank of Mauritius. DBS applied for WOS (Wholly owned subsidiary) when RBI came out with its guidelines in 2013-14. During

05 Sep

RBI APPROVES DBS SUBSIDIARY

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BE/RBI/30/2017 DBS Bank which is Singapore based has received in principle approval from RBI for setting up its wholly owned subsidiary in our country.  This is the second foreign bank which gets such approval after Bank of Mauritius. DBS applied for WOS (Wholly owned subsidiary) when RBI came out with its guidelines in 2013-14. During

Government Expects Increased Dividend From RBI

BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

01 Sep

Government Expects Increased Dividend From RBI

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BE/RBI/29/2017 It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year. The Finance Ministry official said that the matter is under discussion with RBI. RBI

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

15 Aug

Increase In Retail Inflation Reduces Chances Of Further Rate Cut

Admin Bankedge

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BE/RBI/28/2017 Inflation increased further due to a decrease in increase of food prices, however was well within the Target set.  RBI’s consumer price index rose 2.36 per cent in July as compared to the previous year.  The rise is said to be faster than what was originally expected. This has brought down the chances of

RBI Cuts Repo Rates

BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

02 Aug

RBI Cuts Repo Rates

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BE/RBI/27/2017 RBI reduces REPO Rate to 6 per cent RBI the Apex Body of Indian Banking system, today announced cutting the Repo rate by 25 basis points thus bring the Repo Rate to 6 per cent, the lowest since November 2010 (also bringing down the Reverse Repo Rate to 5.75 per cent).  The RBI Governor

RBI To Print New Rs. 200 Currency Notes.

BE/RBI/26/2017 RBI to release Rs. 200 notes: Rs. 2000 notes printing stopped. Since five months, RBI has not printed the Rs. 2000 notes and has now moved to print Rs. 200 notes, from its Mysuru Printing press, and these are expected to hit the market by next month.   Along with printing of other notes,

28 Jul

RBI To Print New Rs. 200 Currency Notes.

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BE/RBI/26/2017 RBI to release Rs. 200 notes: Rs. 2000 notes printing stopped. Since five months, RBI has not printed the Rs. 2000 notes and has now moved to print Rs. 200 notes, from its Mysuru Printing press, and these are expected to hit the market by next month.   Along with printing of other notes,