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Investment in Credit Information Companies

RBI notification dated 19th May, 2016

In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on… 296 more words


Raghuram Rajan deserves a second term at the RBI

There is strong speculation on about whether Reserve Bank of India (RBI) governor Raghuram Rajan will be given a second term by Prime Minister Narendra Modi… 776 more words


RBI plans cap on customer liability in online frauds

Warns Of Strict Penalty Against Mis-Selling Of Insurance

The RBI is examining a proposal to cap customers’ liability in the event of an online fraud. The central bank also plans to impose “severe“ penalties on banks for mis-selling third-party products such as insurance.These customer-friendly proposals were announced by RBI deputy governor S S Mundra while speaking at a conference organized by the Banking Codes and Standards Board of India (BCSBI). 372 more words


Designed to Fail - Payments Banks

This was written about 6 months ago but it became appropriate to bring it out from the cold storage given recent events. Updated a bit… 1,739 more words


“I am not saying that at all. It is a responsible role. Sometimes he raises interest rates to control inflation and sometimes he lowers it to control inflation. 1,384 more words


Recruitment of Legal Officer in Grade ‘B’ and Assistant Archivist in Grade ‘A’

Applications (App.) are invited for the posts mentioned below in Reserve Bank of India (RBI/Bank) from Indian citizens, citizens of Nepal and subjects of Bhutan and persons of Indian origin who have migrated from Myanmar and Sri Lanka with the intention of permanently settling in India and in whose favour Eligibility Certificates have been issued by Government of India. 6,178 more words


Restricting lending limits for large borrowers "laudable": SBI

Restricting lending limits for large borrowers will clearly help the banks to reduce their NPA levels going forward, an SBI research report has said while lauding the draft RBI guidelines in this regard. 224 more words