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FOREX BUYING

BE/RBI/18/2017 RBI contemplates to increase the foreign exchange (FOREX) buying and proposes to cut 25 Basic points in interest rate on 2nd August 2017. BofAML (Bank of America Merrill Lynch), the global financial services, is likely to take back the liquidity from September this year, which means, RBI should be able to recoup forex reserves.

17 Jun

FOREX BUYING

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BE/RBI/18/2017 RBI contemplates to increase the foreign exchange (FOREX) buying and proposes to cut 25 Basic points in interest rate on 2nd August 2017. BofAML (Bank of America Merrill Lynch), the global financial services, is likely to take back the liquidity from September this year, which means, RBI should be able to recoup forex reserves.

RBI Policy Monetary Policy Committee Decision

BE/RBI/17/2017 RBI policy Monetary Policy Committee decision Salient Features of the meeting are: MPC leaves rates unchanged, lowers inflation forecast MPC decides to leave repo rate unchanged and lower its inflation forecast. SLR has been brought down by 50 basis points with no change in HTM. Thus, the forecast on inflation was also lowered, due

07 Jun

RBI Policy Monetary Policy Committee Decision

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BE/RBI/17/2017 RBI policy Monetary Policy Committee decision Salient Features of the meeting are: MPC leaves rates unchanged, lowers inflation forecast MPC decides to leave repo rate unchanged and lower its inflation forecast. SLR has been brought down by 50 basis points with no change in HTM. Thus, the forecast on inflation was also lowered, due

Lenders should adopt new policy for appointment of CFOs and CTOs

BE/RBI/16/2017 LENDERS SHOULD HAVE CFOs, CTOs Banking Sector has been witnessing various changes in the recent past.  Banks are expected to have people devoted fully for handling the functions of CFOs and CTOs, which is not yet complied with by many of the Banks.   Now RBI has come out with yet another change in the

19 May

Lenders should adopt new policy for appointment of CFOs and CTOs

Admin Bankedge

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BE/RBI/16/2017 LENDERS SHOULD HAVE CFOs, CTOs Banking Sector has been witnessing various changes in the recent past.  Banks are expected to have people devoted fully for handling the functions of CFOs and CTOs, which is not yet complied with by many of the Banks.   Now RBI has come out with yet another change in the

SECURED STORAGE AND MOVEMENT OF CURRENCY

BE/RBI/15/2017 Presently, bank notes are printed and coins minted at four security presses which are received at 19 issue offices of RBI.  From RBI they are further distributed to 4,000 currency chests operated by RBI.  Also, the soiled and unfit notes are withdrawn by banks and remitted in the chests. Across over 4,000 currency chests

15 May

SECURED STORAGE AND MOVEMENT OF CURRENCY

Admin Bankedge

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BE/RBI/15/2017 Presently, bank notes are printed and coins minted at four security presses which are received at 19 issue offices of RBI.  From RBI they are further distributed to 4,000 currency chests operated by RBI.  Also, the soiled and unfit notes are withdrawn by banks and remitted in the chests. Across over 4,000 currency chests

RBI Rate Cut

POSSIBLE 25 BASIS POINT RATE CUT BY RBI The Central Bank had kept the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting and changed the Reverse Repo Rate by a quarter point. The current weak growth and softening side of inflation rate might influence the Central Bank to cut policy rates by 25

11 Apr

RBI Rate Cut

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POSSIBLE 25 BASIS POINT RATE CUT BY RBI The Central Bank had kept the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting and changed the Reverse Repo Rate by a quarter point. The current weak growth and softening side of inflation rate might influence the Central Bank to cut policy rates by 25