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RBI KEEPS Repo Rate Unchanged

The Central Bank has preferred to keep the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting.  However, it changed the Reverse Repo Rate to 6% which is the rate paid by RBI for excess deposits kept, by a quarter point. The purpose of doing so was with a view to decrease the alteration

07 Apr

RBI KEEPS Repo Rate Unchanged

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The Central Bank has preferred to keep the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting.  However, it changed the Reverse Repo Rate to 6% which is the rate paid by RBI for excess deposits kept, by a quarter point. The purpose of doing so was with a view to decrease the alteration

RBI Titbits

(1) Note Denomination: RBI during the grace period allowed Indian Citizens residing in India who were abroad during November –December 2016 to exchange the old 500 and 1000 rupees notes upto 31st March 2017 and Indian Citizens who are residents outside India upto June 2017.   There was a complaint about the long queues at RBI

03 Apr

RBI Titbits

Admin Bankedge

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(1) Note Denomination: RBI during the grace period allowed Indian Citizens residing in India who were abroad during November –December 2016 to exchange the old 500 and 1000 rupees notes upto 31st March 2017 and Indian Citizens who are residents outside India upto June 2017.   There was a complaint about the long queues at RBI

RBI restricts banking operations of Kapol Co operative Bank

Depositors of The  Kapol Co-operative Bank were permitted to drawn amount only upto Rs. 3,000 from their Savings Bank and Current Bank Account as per Reserve Bank of India directives. Also, RBI added that Kapol Co-operative Bank was in troubled waters, and thus barred the bank from granting or renewing any loans or advances without

01 Apr

RBI restricts banking operations of Kapol Co operative Bank

Admin Bankedge

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Depositors of The  Kapol Co-operative Bank were permitted to drawn amount only upto Rs. 3,000 from their Savings Bank and Current Bank Account as per Reserve Bank of India directives. Also, RBI added that Kapol Co-operative Bank was in troubled waters, and thus barred the bank from granting or renewing any loans or advances without

MONITORING OF FOREIGN INVESTORS IN REAL TIME

The crack in foreign shareholding cap in HDFC Bank, in recent times, has led to talks between SEBI and RBI. Shocked by a recent breach of foreign ownership limit at HDFC Bank, regulators and intermediaries are facing the question of monitoring foreign investors in real time. SEBI and RBI held talks on exchange of data

28 Feb

MONITORING OF FOREIGN INVESTORS IN REAL TIME

Admin Bankedge

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The crack in foreign shareholding cap in HDFC Bank, in recent times, has led to talks between SEBI and RBI. Shocked by a recent breach of foreign ownership limit at HDFC Bank, regulators and intermediaries are facing the question of monitoring foreign investors in real time. SEBI and RBI held talks on exchange of data

RBI to frame standard procedure for FDI approvals

The Reserve Bank of India (RBI) is coming out with a Standard Operating Procedures (SOP) for approval of foreign direct investment (FDI) proposals by ministries. A recent meeting between the ministries, discussed the proposal for setting up norms for FDI approvals in sensitive sectors, which are currently under government approval of the FDI policy.  The

27 Feb

RBI to frame standard procedure for FDI approvals

Admin Bankedge

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The Reserve Bank of India (RBI) is coming out with a Standard Operating Procedures (SOP) for approval of foreign direct investment (FDI) proposals by ministries. A recent meeting between the ministries, discussed the proposal for setting up norms for FDI approvals in sensitive sectors, which are currently under government approval of the FDI policy.  The