Statement by Dr. Raghuram Rajan on taking office on September 4, 2013
Good Evening. I took charge this afternoon as the 23rd Governor of the Reserve Bank of India. These are not easy times, and the economy faces challenges. At the same time, India is a fundamentally sound economy with a bright future. Our task today is to build a bridge to the future, over the stormy… Read More
Tags: Bimal Jalan, Central bank, India, Monetary policy, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in
RBI Guidelines w.r.t. Sharing of Information Technology Resources by Banks
RBI/2013-14/216 DIT.CO (Policy) No.674/09.63.025/2013-14 August 30, 2013 The Chairman/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Sharing of Information Technology Resources by Banks - Guidelines Please refer to paragraph 101 of the Monetary Policy Statement 2013-14 wherein the need for banks to examine the issue of shared IT resources to optimise costs while maintaining… Read More
Tags: Business, Business Continuity, Consultants, FeedBurner, India, Monetary policy, Reserve Bank of India, Security
Statistics in RBI™s Policy Making Conceptual and Empirical Issues
(Inaugural address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th Statistics Day Conference of RBI, Mumbai on August 30, 2013) We have gathered here today to celebrate the seventh Statistics Day Conference of the Reserve Bank. The Reserve Bank instituted the Statistics Day Conference to honour the memory of Prof. P.… Read More
Tags: CPI, India, Inflation, Monetary policy, Reserve Bank, Reserve Bank of India, Wholesale price index, WPI
PM Speak :: On releasing “History of the RBI”
It goes without saying that the history of the Reserve Bank is the history of the growth of our country since independence. The Reserve Bank has done the country proud - the role which it has played in shaping the monetary policy, in shaping the credit policy, and, if I remember correctly, in also influencing,… Read More
Tags: Governor, India, Monetary policy, Raghuram Rajan, Reserve Bank, Reserve Bank of India, Run batted in, Subbarao
Distribution of Banknotes and Coins – Review of Incentives and Penalties
RBI/2013-2014/179 DCM (CC) No. G- 10/03.39.01/2013-14 August 12, 2013 The Chairman & Managing Directors / Chief Executive Officers All Scheduled Commercial banks (Including RRBs and UCBs) Dear Sir/Madam Distribution of Banknotes and Coins - Review of Incentives and Penalties Please refer to paragraph 109 of the Monetary Policy Statement 2013-14 announced on May 03, 2013… Read More
Tags: Automated teller machine, Bank, Banknote, Business, Currency, Iraq, Monetary policy, Vending machine
RRBs – Frontloading of branches in unbanked rural areas
RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14 August 7, 2013 The Chairman All Regional Rural Banks Dear Sir, Frontloading of branches in unbanked rural areas Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.… Read More
Tags: Branch, Direct Benefit Transfer, Electronic Benefit Transfer, Financial inclusion, Government of India, India, Monetary policy, Rural area
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/166 RPCD.RRB.BC.No.17/03.05.33/2013-14 July 31, 2013 All Regional Rural Banks Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to announcement made in Monetary Policy Statement 2013-14 on May 3, 2013 on ˜Recommendations of Damodaran Committee- Uniformity in Intersol Charges™. 2. With the introduction of Core Banking Solution (CBS),… Read More
Tags: Branch (banking), CBS, Core banking, Customer, Customer service, Discrimination, Monetary policy, Regional Rural Bank
First Quarter Review of Monetary Policy 2013-14
By Dr. D. Subbarao Governor Introduction Since early May when the Reserve Bank issued its Monetary Policy Statement for 2013-14, global growth has been uneven and slower than initially expected. The tail risks to global recovery had eased in the early part of the year, but that improvement was overtaken by the turmoil in financial… Read More
Tags: BRICS, Central bank, China, Inflation, June, May, Monetary policy, Reserve Bank
Capital Requirements for Banks™ Exposures to Central Counterparties
RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks™ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013.… Read More
Tags: Bank, Basel Committee on Banking Supervision, Basel III, Basel III Capital Regulation, Capital requirement, CCP, July 1 2013, Monetary policy
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/110 DBOD. No. Dir. BC.26/13.03.00/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to paragraph 74 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on ˜Recommendations of Damodaran Committee- Uniformity in… Read More
Tags: Bank, Bank charge, CBS, Commercial bank, Core banking, Monetary policy, Reserve Bank of India, Working Group
CLR Snippets | First Quarter Review of Monetary Policy 2013-14 on July 30, 2013
Dr. D. Subbarao, Governor, Reserve Bank of India will announce the First Quarter Review of Monetary Policy 2013-14 on Tuesday, July 30, 2013. This will be done in a meeting with the chief executives of major scheduled commercial banks at 11.00 a.m. on July 30, 2013 at the Central Office, Reserve Bank of India, Mumbai.… Read More
Tags: Ajit Prasad, Central Office, General manager, Monetary policy, Mumbai, Press Release, Reserve Bank of India, Telephone exchange
RRBs – Lending against Gold
RBI/2012-13/541 RPCD. RRB. BC. No. 79/03.05.33/2012-13 June 25, 2013 All Regional Rural Banks Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing… Read More
Tags: Central bank, Exchange-traded fund, Gold coin, Gold exchange-traded product, Loan, Monetary policy, Mutual fund, Precious metal
Housing Sector: New sub-sector CRE (Residential Housing) within CRE and Rationalisation of provisioning, risk-weight and LTV ratios
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13 June 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ˜Commercial Real Estate - Residential Housing: Prudential Norms™, announced on… Read More
Tags: Bank, Commercial property, Commercial Real Estate, CRE, Extract (film), Loan-to-value ratio, LTV, Monetary policy
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