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RBI is asking for a Financial Resolution Authority

Reserve Bank of India (RBI) is in talks with the Central govt to set up a financial resolution authority (FRA).

“We really need a financial resolution authority so that we can close financial institutions in trouble, without necessarily merging those and taking the losses. 21 more words

RBI

RBI to issue guidelines for small finance banks application soon

In the next few weeks, RBI will put out guidelines inviting applications for small finance banks. Small Finance Banks are banks that will cater to smaller customers across the country. 388 more words

RBI

RBI to invite applications for bank licences

The Reserve Bank will soon invite applications for issuance of licences in three categories — small banks, payment banks and universal banks — to achieve financial inclusion target. 61 more words

RBI

Arvind Subramanian appointed as Chief Economic Advisor

US based former IMF economist Arvind Subramanian has been appointed as Chief Economic Advisor in the Finance Ministry. Subramanian has been appointed as CEA “for 3 years on contract basis, in the pay scale of Rs. 223 more words

Corporates

Final norms for payment banks next month may announced by RBI in next month

Reserve Bank of India’s (RBI) Deputy Governor S S Mundra has said the central bank plans to announce the final norms on small and payment banks next month. 218 more words

RBI

GKAffair- 14/10/2014

1) वर्ष 2014 का अर्थशास्त्र का नोबेल पुरस्कार (2014 Nobel Prize for Economics) किसे प्रदान करने की घोषणा रॉयल स्वीडिश अकादमी ने 13 अक्टूबर 2014 को की? 64 more words

GK-Affair

RBI Working Paper Series 10: Analytics of Food Inflation in India

The Reserve Bank of India on 13.10.2014 placed on its website a Working Paper titled “Analytics of Food Inflation in India” under the Reserve Bank of India Working Paper Series*. 414 more words

RBI