Facts about Banks in India – Enhance your General Knowledge. First India bank Got ISO : Canara Bank, First Governor of RBI : Mr. Osborne Smith
RBI’s rate-hike cycle may continue: Exim Bank Kolkata, Raising key lending rates by 25 basis points by the Reserve Bank of India (RBI) Friday may not be the last rate-hike by the apex bank as the trend may continue due… Continue Reading →
RBI to promote use of cashless payment system Mumbai, The Reserve Bank of India (RBI) has taken measures to promote the use of cashless payment instruments in the country, a senior official said Thursday. “The RBI has been in the… Continue Reading →
Saudi largest supplier of oil to India, Africa shows promise New Delhi, Saudi Arabia remained the largest supplier of crude oil to India while the share of African countries rose significantly from 32.91 million tonnes in 2009-10 to 34.12 million… Continue Reading →
“We will discuss this issue with the government,” Subbarao said while addressing a conference organised here jointly by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Bank’s Association.
RBI maintains 8 percent growth forecast for 2011-12 New Delhi, Aug 12 The Reserve Bank of India (RBI) has stuck to its economic growth forecast of eight percent for the current fiscal despite the recent sharp variations in monthly industrial… Continue Reading →
RBI raises capital adequacy ratio for deposit-taking NBFCs.The Reserve Bank of India (RBI) on February 18, 2011 raised the minimum capital adequacy ratio (CAR).
Coins lower than 50 paise to be phased out.The Union Ministry of Finance has notified on December 20, 2010 to phase out the circulation of coins of denomination of below 50 paise with effect from June 30, 2011.