Govt may delay PSB mergers as RBI’s new norm on insolvency may hit banks balance sheet.

The government may be forced to put its state-run bank consolidation push on the back burner since at least a dozen of them are staring at a big hole in the balance sheet this fiscal year after RBI told them to get cracking on resolving as many as 50 bad loan accounts or initiate bankruptcy…

RBI releases its Annual Report for 2016-17

Reserve Bank of India released its Annual Report for 2016-17, a statutory report of its Central Board of Directors on August 30th 2017. Since the report is very large and consists of several chapters we are giving the link from RBI’s site. To read the chapter of your choice, please click on the links below. You…

RBI Introduces ₹ 50 banknote in Mahatma Gandhi (New) Series

The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The base colour of the note is Fluorescent Blue. The note…

Rs 200 note launched: Here’s a brief history of Indian bills post Independence

The Reserve Bank of India issued on August 25, 2017 ₹ 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. Modern paper currency in India traces its origins to the late 18th century when private and…

Third Bimonthly Monetary Policy Review: RBI cuts repo rate by 25 bps

MUMBAI, AUG 2:   The RBI has cut the repo rate by 25 bps to 6%. This was on expected lines as market consensus predicted a 25 bps cut. Reverse repo rate has also been cut by 0.25 per cent to 5.75 per cent. The six member monetary policy committee voted on the basis of a…

Result of Phase-II Examination for Direct Recruitment of Officers in Grade – B (GEN) – BY – 2017

Result of Phase-II Examination for Direct Recruitment of Officers in Grade – B (GEN) – BY – 2017 Candidates may see their Roll Nos by clicking on the following link: Roll Numbers of candidates shortlisted for Interview NOTE: Mark list & category wise cut – off for the above examination, will be displayed on website after…

IBPS 2017 Notification CWE PO/MT/Clerk/SO/RRBs Latest Exam Updates Advt including Tentative Calendar of Online CWE-VII for RRBs & PSBs

Tentative Calendar of Online CWE-VII for RRBs & PSBs : Please click on the following link: CWE-VII Tentative Calendar of Examinations 2017_18 Process of RegistrationThe registration process will be through online mode only and there will be a single registration for both Preliminary and Main examination, wherever applicable. IBPS Notification for Andhra Bank and IBPS…

Highlights of Financial Stability Report June 2017

The Reserve Bank of India released the Financial Stability Report (FSR) June 2017, a biannual publication and the 15th in the series. The FSR reflects the overall assessment on the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to development and…

RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)

The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia that the RBI would be constituting a Committee comprised majorly of its independent Board…

Reserve Bank announces names of the members of Overseeing Committee

The Reserve Bank has since reconstituted and brought the Overseeing Committee under its aegis. The Overseeing Committee will, for the present, have five members, including a chairman, and will work through multiple benches as may be necessary and constituted by the Chairman to opine on the cases referred to it by the banks. The composition of the…