Monetary policy

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 RateCentral bankInterestLiquidity Adjustment FacilityMonetary policyPercentageRepurchase agreementReserve 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: ANNEXBankCOLABACuffe ParadeMonetary policyMumbaiReserve Bank of IndiaWorking 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 bankChinaCommitteeFederal Reserve SystemfinanceMonetary policyMoney supplyUnited 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 managerJanuary 20 2014 MondayLAFLiquidity Adjustment FacilityMonetary policyRepurchase agreementReverse RepoRun 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 clockCentral bankLiquidity Adjustment FacilityMondayMonetary policyRepurchase agreementReserve Bank of IndiaReverse 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 messagingAsynchronous Transfer ModeBankCustomer serviceMonetary policyReserve Bank of IndiaShort Message ServiceUrban 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 messagingBanksCommercial bankDiode-pumped solid-state laserMonetary policyRajesh VermaReserve Bank of IndiaShort Message Service

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 RateCentral bankEconomic growthfinanceIndiaMicrosoftMonetary policyMSFNDTLRaghuram RajanRepurchase agreementReserve BankSeptember

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 bankInformation technologyMonetary policyrbiReserve Bank of IndiaRun batted inShared resourceTelephone 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: BanknoteBusinessCash in TransitCITCoinCommercial bankMonetary policyPara

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: CommitteeDeepak MohantyIndiaMonetary policyNomura SecuritiesReserve BankReserve Bank of IndiaWilliams 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 EnglandBanknoteCash in TransitCommercial bankMark CarneyMonetary policyPolymer banknoteWinston 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 JalanCentral bankIndiaMonetary policyRaghuram RajanReserve BankReserve Bank of IndiaRun batted in

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