RBI revises Bank Rates
RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More
Tags: Bank Rate, Central bank, Interest, Liquidity Adjustment Facility, Monetary policy, Percentage, Repurchase agreement, Reserve requirement
RBI Reviews Guidelines on Restructuring of Advances by NBFCs
RBI/2013-14/459 DNBS.CO. PD. No. 367/03.10.01/2013-14 January 23, 2014 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs As indicated in paragraph 42 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013, the extant instructions on restructuring of advances by NBFCs have been reviewed… Read More
Tags: ANNEX, Bank, COLABA, Cuffe Parade, Monetary policy, Mumbai, Reserve Bank of India, Working Group
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
Liquidity Adjustment Facility- Reverse Repo
RBI/2013-14/451 FMD.MOAG. No.95/01.01.001/2013-14 January 17, 2014 All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility- Reverse Repo Based on the feedback received from the market participants, it has been decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now… Read More
Tags: General manager, January 20 2014 Monday, LAF, Liquidity Adjustment Facility, Monetary policy, Repurchase agreement, Reverse Repo, Run batted in
Reverse Repo under LAF to be available between 7.00 p.m. to 7.30 p.m. from Monday
Based on the feedback received from the market participants, the Reserve Bank of India has decided to revise the timings of Reverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now be available between 7.00 p.m. and 7.30 p.m. instead of the existing timings of 4.45 p.m. to 5.15 p.m. The change… Read More
Tags: 12-hour clock, Central bank, Liquidity Adjustment Facility, Monday, Monetary policy, Repurchase agreement, Reserve Bank of India, Reverse Repo
Charges Levied by Banks for Sending SMS Alerts
RBI/2013-14/403 UBD.CO.BPD.(PCB).Cir.No.42/12.05.001/2013-14 December 6, 2013 To, The Chief Executive Officer All (Primary) Urban Co-operative Banks Dear Sir / Madam, Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on 'Customer Service- Charges Levied by… Read More
Tags: Alert messaging, Asynchronous Transfer Mode, Bank, Customer service, Monetary policy, Reserve Bank of India, , Urban area
Charges Levied by Banks for Sending SMS Alerts
RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ˜Customer Service- Charges Levied by Banks… Read More
Tags: Alert messaging, Banks, Commercial bank, Diode-pumped solid-state laser, Monetary policy, Rajesh Verma, 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
Sharing of Information Technology Resources by banks Guidelines
RBI/2013-14/327 UBD CO BPD No.31/09.18.300/2013-14 October 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Sharing of Information Technology Resources by banks guidelines As announced in the Monetary Policy Statement 2013-14 (paragraph 101), with the increased use of information technology (IT) infrastructure by banks, there is a need to… Read More
Tags: Commercial bank, Information technology, Monetary policy, rbi, Reserve Bank of India, Run batted in, Shared resource, Telephone exchange
Monetary Policy Statement for 2013-14 w.r.t Distribution of Banknotes and Coins
RBI/2013-14/322 DCM (Plg) No. G - 14/10.65.03/2013-14 October 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14-Distribution of Banknotes and Coins Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that With a… Read More
Tags: Banknote, Business, Cash in Transit, CIT, Coin, Commercial bank, Monetary policy, Para
RBI Expert Committee on Monetary Policy Framework
It has been decided to constitute an Expert Committee to examine the current monetary policy framework of the Reserve Bank of India and recommend what needs to be done to revise and strengthen it with a view to, inter alia, making it transparent and predictable. The Expert Committee will comprise: Chairman: 1. Dr. Urjit Patel,… Read More
Tags: Committee, Deepak Mohanty, India, Monetary policy, Nomura Securities, Reserve Bank, Reserve Bank of India, Williams College
RBI Clarification w.r.t. Alternative Avenues for Distribution of Banknotes and Coins
RBI/2013-14/244 DCM (Plg) No.G12/10.65.03/2013-14 September 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that With… Read More
Tags: Bank of England, Banknote, Cash in Transit, Commercial bank, Mark Carney, Monetary policy, Polymer banknote, Winston Churchill
RBI to publish Mid-Quarter Review of Monetary Policy 2013-2014
The Reserve Bank of India will release the next Mid-Quarter Review of Monetary Policy 2013-14 at 11.00 a.m. on September 20, 2013 instead of September 18, 2013 as indicated in the First Quarter Review of Monetary Policy 2013-14. The Review will be by way of a press release and will be placed on the Reserve… Read More
Tags: Bimal Jalan, Central bank, India, Monetary policy, Raghuram Rajan, Reserve Bank, Reserve Bank of India, Run batted in
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