Rupee is still better than its emerging market peers: Urjit Patel

“Value of rupee is determined by the market forces”.On a day the rupee breached the 74-mark against the US dollar for the first time, RBI Governor Urjit Patel said Friday that the domestic currency is still better than its emerging market peers. He maintained that the value of rupee is determined by the market forces and the RBI does not have any “target or band” around any particular level of the exchange rate.

Bank lending and deposit rates to continue to move higher

Even as the RBI has held its repo rate, banks are likely to take cues from the bond markets, where yields are likely to inch up

Highlights of Fourth Bi-Monthly Monetary Policy Review on 5th October 2018

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent.  The decision was taken at the fourth bi-monthly monetary policy committee meeting led by RBI Governor Urjit Patel on October 5, amidst market expectations of further tightening by the central bank. Consequently, the reverse repo rate under the…

FIRMS (Foreign Investment Reporting and Management System)

1. Introduction 1.1 The Reserve Bank, in the First Bi-monthly Monetary Policy Review dated April 5, 2018 announced that, with the objective of integrating the extant reporting structures of various types of foreign investment in India, it will introduce a Single Master Form (SMF) subsuming all the existing reports. 1.2 In order to implement this announcement, the…

Financial Stability Report(FSR) – RBI – As of June 2018

Introduction: RBI released on 26th June 2018 Financial Stability Report as of June 2018, which is 17th in the series. The FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. Highlights of FSR: NPA – RBI report warns that the gross non-performing assets (GNPAs)…

Bank Promotions – Latest Banking Updates (As on 31.08.2018)

Dear Friends, This booklet entitled ” Latest Banking Updates – Bank Promotions(as of 31.08.2018) has been prepared with an intention to provide ‘Latest Developments in Banking and Financial Sector’ for the enrichment of Bank’s Staff, the Banking knowledge and Banking Developments taking place in present day scenario, when the entire Banking Industry is facing heavy Turbulence…

Rupee resumes fall as govt measures fail to click

Experts feel the measures may not have a long-term impact on rupee.The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from those lows to make a high of 71.52 on Friday.

Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank

Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank
The merger of Bank of Baroda, Dena Bank and Vijaya Bank set to create India’s third-largest bank with a total business of more than ₹14.82 trillion.

FREQUENTLY ASKED QUESTIONS – Priority Sector Lending – Targets and Classification

Priority Sector Lending – Targets and Classification – (FAQ’s As on April 18, 2018)   1. What are the different categories under priority sector? Priority Sector includes the following categories: (i) Agriculture (ii) Micro, Small and Medium Enterprises(iii) Export Credit(iv) Education(v) Housing(vi) Social Infrastructure(vii) Renewable Energy(viii) Others 2. What are the Targets and Sub-targets for banks under…

RBI’s new cash management norms hike banks’ costs

With the Reserve Bank of India’s (RBI’s) new standards as of 6th April 2018 , for cash logistics companies kicking in from July 6, some lenders are raising the issue of higher costs and are making a case for higher inter-bank payments for use of automated teller machines (ATMs). On April 6, 2018, the RBI…