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Big daddy RBI holds sway over rupee market

Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong

01 Nov

Big daddy RBI holds sway over rupee market

Admin Bankedge

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Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong

Latest RBI updates

RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier.  Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation

24 Oct

Latest RBI updates

Admin Bankedge

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RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier.  Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation

RBI Issues Operating Guidelines For Payment Banks And Small Finance Banks

RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who are now empowered to leverage on technology for financial inclusion in a cost effective way. RBI granted in-principle approvals to 11 entities for setting up payments banks (PBs) in

17 Oct

RBI Issues Operating Guidelines For Payment Banks And Small Finance Banks

Admin Bankedge

|

0

RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who are now empowered to leverage on technology for financial inclusion in a cost effective way. RBI granted in-principle approvals to 11 entities for setting up payments banks (PBs) in

Allow mobile registration from any bank’s ATM: RBI

With cell phones becoming a crucial part of banking, the RBI has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.  Banks have also been told not to insist that customers visit only their home branch to get their mobile numbers registered and to have this facility for

06 Oct

Allow mobile registration from any bank’s ATM: RBI

Admin Bankedge

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With cell phones becoming a crucial part of banking, the RBI has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.  Banks have also been told not to insist that customers visit only their home branch to get their mobile numbers registered and to have this facility for

RBI ASKS BANKS TO REVISIT DOCUMENTATION FOR AGRI LOANS

BE/RBI/25/2016 With a view to increase the Farmers’ income to twice than what it is now, RBI has advised Banks to revisit their documentation for crop loans, simplify them wherever required and ensure to speedily sanction and disburse loans within the specified time limits. RBI also advised that the lead bank which acts as the

03 Oct

RBI ASKS BANKS TO REVISIT DOCUMENTATION FOR AGRI LOANS

Admin Bankedge

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0

BE/RBI/25/2016 With a view to increase the Farmers’ income to twice than what it is now, RBI has advised Banks to revisit their documentation for crop loans, simplify them wherever required and ensure to speedily sanction and disburse loans within the specified time limits. RBI also advised that the lead bank which acts as the