Incentives to Industries to Boost The Economic Growth
The Ministry has taken a number of measures to boost the industrial growth of the country. These, inter-alia, include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, conceptualisation of Amritsar Kolkata Industrial Corridor (AKIC), launching of the e-biz… Read More
Tags: Central Bank of Nigeria, finance, Government, Incentive, Incentive program, Nigeria, Private sector, Small and medium enterprises
RBI releases Framework for Revitalising Distressed Assets in the Economy
The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of… Read More
Tags: Economy of India, finance, Green paper, Loan, Reserve Bank, Reserve Bank of India, Restructuring, Steps (group)
Non-Banking Finance Companies: Game Changers
Speech delivered by Shri P Vijaya Bhaskar, Executive Director, Reserve Bank of India at ASSOCHAM in Delhi on January 23, 2014 Introduction The Indian financial sector consists of a wide variety of institutions which cater to different market segments. At the apex level are scheduled commercial banks which follow universal banking model. Next, there is… Read More
Tags: Commercial bank, Economy of India, finance, Gross domestic product, India, NBFC, Non-banking financial company, Run batted in
Conversion of debt into shares, consent level of security enforcement actions and permission to acquire debt from other SC/RCs
RBI/2013-2014/460 DNBS (PD) CC. No. 35/SCRC/26.03.001/2013-2014 January 23, 2014 The Chairman/Managing Director/Chief Executive Officer All registered Securitisation Companies/Reconstruction Companies Dear Sir, Conversion of debt into shares, consent level of security enforcement actions and permission to acquire debt from other SC/RCs Please refer to The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003… Read More
Tags: 2014 January 23, Board of directors, finance, India, Reconstruction Era, Reconstruction of Financial Assets, Reserve Bank of India, Securitisation
The Expert Committee to Revise and Strengthen the Monetary Policy Framework Submits its Report
On September 12, 2013, Dr. Raghuram G Rajan, Governor had appointed an Expert Committee to revise and strengthen the monetary policy framework. The Committee submitted its report to the Governor today. Ajit Prasad Assistant General Manager Press Release : 2013-2014/1459 Report attached for download. Report of the Expert Committee to Revise and Strengthen the Monetary… Read More
Tags: Central bank, China, Committee, Federal Reserve System, finance, Monetary policy, Money supply, United States
Overseas Direct Investments Rollover of Guarantees
RBI/2013-14/427 A.P. (DIR Series) Circular No.83 January 3, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments Rollover of Guarantees Attention of the Authorised Dealer (AD - Category I) banks is invited the provisions of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign… Read More
Tags: Anno Domini, Categories of New Testament manuscripts, Central bank, Federal Emergency Management Agency, finance, Foreign Exchange Management Act, India, Reserve Bank
RBI cautions users of Virtual Currencies against Risks
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to. The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records… Read More
Tags: Bitcoin, Central bank, finance, money laundering, Reserve Bank, Reserve Bank of India, Run batted in, Virtual currency
The Five Pillars of RBI™s Financial Sector Policies – Raghuram Rajan
Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world… Read More
Tags: Central bank, Delhi Mumbai Industrial Corridor Project, Economy of India, finance, India, Inflation, Reserve Bank, Reserve Bank of India
Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan
Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More
Tags: Bank Rate, Central bank, Economic growth, finance, India, Microsoft, Monetary policy, MSF, NDTL, Raghuram Rajan, Repurchase agreement, Reserve Bank, September
Performance of the Private Corporate Business Sector during First Quarter of 2013-14 Data Release
The Reserve Bank of India today released, on its website, the data on the performance of non-financial private corporate business sector during first quarter of 2013-14 (April-June 2013). The data compiled are based on the abridged financial results of 2,768 listed non-government non-financial (NGNF) companies. To enable comparison, similar data pertaining to Q4:2012-13 and Q1:2012-13 are also… Read More
Tags: Business, Earnings before interest taxes depreciation and amortization, EBITDA, finance, Net profit, Profit margin, Reserve Bank of India, United States