RBI YOUNG SCHOLARS AWARD The Reserve Bank of India (RBI) has launched the RBI Young Scholars Award Scheme to generate interest and awareness about the Indian banking sector and RBI. Under the scheme, the RBI will select a maximum of 150 young scholars through a countrywide competitive examination and award the scholarships. Financial support Selected candidates will be required to work on projects...
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Subir Gokarn, former chief economist of rating agency Standard and Poor's (S&P), will take over as the Reserve Bank of India's (RBI) deputy governor tomorrow."Gokarn will be taking over as deputy governor tomorrow," a RBI spokesperson told PTI here.Gokarn has been appointed as RBI deputy governor in place of Rakesh Mohan, who quit a few months ago.Other deputy governors of the RBI are Usha Thorat,...
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Reserve Bank of India (RBI) will organise programmes aimed at enhancing financial inclusion, financial literacy and community outreach, besides promoting greater coordination among banks and government departments, said RBI regional director (Kerala and Lakshadweep) S. Ramaswamy.At a function at Minicoy, Mr. Ramaswamy said the RBI, on its platinum jubilee, was conducting outreach programmes to generate...
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International Monetary Fund (IMF) on Monday announced the sale of 200 metric tonnes of gold for about $6.7 billion to the Reserve Bank of India (RBI). Given that this is the first time that the RBI has purchased gold since 1998, juxtaposed with the obviously struggling dollar, does this transaction signal a shift away from the American currency or is that over-stating matters?that it is too early to...
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order to push the growth rate in the face of global economic slowdown, the Reserve of India (RBI) on Tuesday (April 21) lowered its key short-term rates by 25 basis points each. The RBI brought down the repo rate to 4.75 percent and the reserve repo rate to 3.25 percent. The repo rate isThe Reserve Bank of India (RBI) has announced cuts in repo rate and reserve repo rate by 50 basis point each. With...
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Finance Minister Pranab Mukherjee on Tuesday, Oct 27 said the RBI's move to keep almost all rates unchanged is in line with the government's thinking on fiscal and monetary policies.Speaking to reporters after the monetary review, Mukherjee said, "Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government's own thinking of both fiscal...
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Global rating agency Standard and Poor's (S&P) former Asia-Pacific Chief Economist Subir Gokarn, today took over as the Reserve Bank of India (RBI) deputy governor, the apex bank said.Gokarn has been appointed as RBI deputy governor in place of Rakesh Mohan who quit a few months ago.The post of deputy governor in the Reserve Bank has been lying vacant since mid-June after Rakesh Mohan quit.Other deputy...
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lend transparency, the Reserve Bank on Monday directed banks to disclose the commission it received from mutual funds and insurers for referring their products to customers."It has since been decided that banks should discloseto the customers, details of all the commissions/other fees(in any form) received, if any, from the various mutual fund,insurance, other financial companies for marketing, referringtheir...
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FIR was lodged against the Manager of State Bank of India (SBI), Karhal branch, for depositing counterfeit currency in the Reserve Bank of India (RBI) here last evening.According to Police today, the manager of the SBI Karhal branch deposited some wads in the RBI in June in Kanpur.The RBI Manager complained about the fake currency to the Superintendent of Police, Mainpuri, in a letter, following which...
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foreign exchange reservesrose by USD 0.962 million to USD 286.376 billion for the weekended November 13 from USD 285.414 billion in the previousweek, the RBI said today.Foreign currency assets (FCAs) during the week went up toUSD 262.905 billion as against USD 261.957 billion in theweek-ago period, the RBI said in its weekly report.FCAs, expressed in US dollar terms, include the effectof appreciation...
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