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Topic: Reserve Bank of India


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In the News (Tue 10 Nov 09)

  
  Reserve Bank Of india, Central Bank Of India, Functions Of RBI & Indian Banking System Maintained By Indian ...
After India became a member of the International Monetary Fund in 1946, the Reserve Bank has the responsibility of maintaining fixed exchange rates with all other member countries of the I.M.F. Besides maintaining the rate of exchange of the rupee, the Reserve Bank has to act as the custodian of India's reserve of international currencies.
The Reserve Bank Act, 1934, and the Banking Regulation Act, 1949 have given the RBI wide powers of supervision and control over commercial and co-operative banks, relating to licensing and establishments, branch expansion, liquidity of their assets, management and methods of working, amalgamation, reconstruction, and liquidation.
The promotion of sound banking in India is an important goal of the RBI, the RBI has been given wide and drastic powers, under the Banking Regulation Act of 1949 - these powers relate to licencing of banks, branch expansion, liquidity of their assets, management and methods of working, inspection, amalgamation, reconstruction and liquidation.
finance.indiamart.com /investment_in_india/rbi.html   (1779 words)

  
 ZNet |South Asia | Reserve Bank of India and Globalization
The Reserve Bank of India (RBI) is, by its position as central bank, the guardian of country’s banking sector.
Banks are ready to finance the purchase of vehicles at relatively easy terms and in the months to come more and more automobile manufacturers are to place their cars in the market.
He is aware of the widespread belief that banks discriminate against agriculture and small and medium scale enterprises in the matter of quantum of credit and the rates of interest charged from them.
www.zmag.org /content/showarticle.cfm?SectionID=32&ItemID=9100   (1345 words)

  
 Reserve Bank of India provides business continuity instructions to banks
The Reserve Bank of India has issued guidelines to all scheduled banks in the country, informing them of the business continuity measures that must be in place to ensure quick restoration of banking services in areas affected by natural calamities.
The Reserve Bank says that banks have a duty to provide customers with uninterrupted access to bank accounts and must facilitate the opening of new accounts by persons affected by natural disasters; especially so that people can quickly receive relief and aid given by the Indian government and other agencies.
According to the new guidelines, in areas where the bank branches are affected by a natural disaster and are unable to function normally, banks are authorised to operate from temporary premises.
www.continuitycentral.com /news02721.htm   (419 words)

  
 Bank of india - State Bank Of India, South Africa :: Home Page
The Union Bank of India is to become a market maker on Reuters Trading for Foreign Exchange and Reuters Trading for Bullion.
Bank of India is all geared up to set up a life insurance company with Bank of India has posted a 21% growth in the net profit to Rs 209 crore in Q1 » World Development Indicators from World Bank for India
State Bank of India is the largest banking organisation in India, with the State Bank Group controlling about 30% of the country’s banking business.
xn--3trz77b5pi.com /lbdp/bank-of-india.html   (481 words)

  
 Reserve Bank of India Guidelines for Non-resident Indians
No. Reserve Bank has granted general permission to non-resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non-repatriation basis provided the investee concern is not engaged in any agricultural/ plantation activity or real estate business.
No. Reserve Bank has granted general permission to companies in India to enter the overseas addresses of the shareholders in their books in such cases provided the companies obtain undertakings from the holders that they will not seek repatriation of any income or sale proceeds of the security.
Reserve Bank has granted general permission to NRIs to transfer, by way of gift, shares, bonds and debentures of Indian companies held by them with Reserve Bank's permission to their resident close relative/s.
www.indiaventures.com /nri_bulletin.htm   (4791 words)

  
 NRI
Yes, However, Reserve Bank of India has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to acquire immovable property in India for their bonafide residential purpose.
Yes, General permission has been granted by Reserve Bank to non-resident persons (foreign citizen) of Indian Origin to transfer, by way of gift, immoveable property held by them in India to relatives and charitable trusts / organisations subject to the condition that the provisions of all other laws, as applicable are complied with.
Applications for the purpose are required to be made to the Central Office of Reserve Bank within 90 days of the sale of property in form IPI 8.
www.rachanaa.com /nri.htm   (1091 words)

  
 Reserve Bank of India (RBI), operation,function, complaints
Reserve Bank of India (RBI) is India's central bank - it formulates, implements and monitors India's monetary policy.
Reserve bank of India was established in 1935 and nationalised in 1949.
The State Bank of India manages 567 clearing houses, mainly in the smaller cities and towns.
www.money-transfer.in /reservebankofindia.html   (791 words)

  
  RBI, Reserve Bank of India: Banknet India
Reserve Bank of India, the Central Bank of the country, is at the center of the Indian Financial and Monetary system.
It was nationalised in January 1949, under the Reserve Bank (Transfer to Public Ownership) of India Act, 1948.
The Governor and the deputy Governors of the Bank are Government of India appointees.
www.banknetindia.com /finance/frbi.htm   (154 words)

  
 The Tribune, Chandigarh, India - Main News
Banking services in the country were severely crippled today as officers of public sector banks observed a one-day token strike demanding an increase in wages, among other things.
Bank officers all over the country held demonstrations and protested against delay in wage revisions, exclusion of a second option for the pension scheme to existing employees and tax on perks.
Bank services in Himachal Pradesh were paralysed as officers of various commercial banks observed a one-day token strike in protest against the failure of the government and the Indian Banks Association (IBA) to resolve pending issues, particularly wage revision.
www.tribuneindia.com /2003/20030503/main5.htm   (844 words)

  
 India - News - Reserve Bank Cuts Repo Rate To 7.5 Pct   (Site not responding. Last check: )
On Friday, the RBI cut the bank rate, at which it lends to commercial banks, to 7.5 per cent from 8 per cent.
The central bank is expected to cut its bank rate by another 50 basis points early in financial year 2001-02 given the current stability in the rupee's exchange rate, strong foreign capital inflows and a record level of foreign exchange reserves.
Traders expect the central bank to decide on further reductions after the budget, in which they expect rates on federally-administered small savings schemes to be cut.
www3.estart.com /india/news/rbirepo.html   (503 words)

  
 Education in India - career - competitive exmas - Reserve Bank Officers 'Grade 'A'/'B' exam
The Reserve Bank of India www.rbi.org.in acts a centralized monitoringbody in the Indian financial sector.
The Reserve Bank of India was established on April 1, 1935, as the Central Bank of the country, in accordance with the provisions of the Reserve Bank of India Act, 1934 with its Central Office at Mumbai.
RBI is governed by the Central Board, which is appointed/nominated by the Government of India for a period of four years and there are four Local Boards one each for the four regions of the country in Mumbai, Calcutta, Chennai and New Delhi.
www.webindia123.com /career/compexam/bank/rbi/intro.htm   (293 words)

  
 Central Bank of India - 8% Relief Bonds Scheme   (Site not responding. Last check: )
bank branch itself) The Bonds in the form of Bond Ledger Account will be issued at the receiving office (Reserve Bank offices and branches of authorised Public Sector Banks) for which a certificate of Holding will be issued to the holder.
The forms are available with the offices of Reserve Bank of India, designated branches of State Bank of India and its subsidiaries and designated branches of Nationalised Banks.
Before submission of the application form at the Reserve Bank of India Offices/designated Bank branches, investors are required to ensure that it is filled up properly as incomplete applications are liable to be rejected.
www.centralbankofindia.co.in /home/bonds.htm   (2390 words)

  
 Reserve Bank of India - Wikipedia, the free encyclopedia
The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission.
Reserve Bank of India under the chairmanship of former RBI deputy governor S S Tarapore to "lay the roadmap" to capital account convertibility.
In March 2006, the Finance Minister of India, P Chidambaram said that the Central government was "within striking distance" of implementing the committee's report.
en.wikipedia.org /wiki/Reserve_Bank_of_India   (659 words)

  
 Finance - India - Bank Savings - Recurring Deposit - webindia123.com
Bank deposits are fairly safe because banks are subject to control of the Reserve Bank of India with regard to several policy and operational parameters.
Now most of the banks offer various facilities such as ATM card, credit card etc. Through debit/ATM card one can take money from any of the ATM centres of the particular bank which will be open 24 hours a day.
The introduction may be obtained either from an existing account holder or from a respectable citizen, well known to the bank, who should normally call on the bank and sign in the column specially provided for the purpose of introduction in the account opening form.
www.webindia123.com /finance/bank/sb.htm   (574 words)

  
 The Reserve Bank of India, 3 Vols.
The RBI manages India’s monetary and exchange rate policies, and the borrowings of the central and state governments.
It also covers developments in India’s external sector and concludes with an elaborate survey of evolving relations between the central bank and central and state governments in India.
The nationalization of fourteen banks in July 1969 was the defining economic event of not just the 1960s but the next three decades.
www.easternbookcorporation.com /moreinfo.php?txt_searchstring=11688   (242 words)

  
 Bloomberg.com: India   (Site not responding. Last check: )
Bank lending increased at an annual pace of more than 35 percent in each of the past two fiscal years as consumers and companies borrowed more to spend and invest.
Banks are now required by Indian rules to maintain a uniform 9 percent capital adequacy on all their lending.
India's banks aren't prepared to adopt the rules by March 2007, and need more time to put in place the systems needed to adjust credit risk, a 2004 survey of banks showed.
www.bloomberg.com /apps/news?pid=20601091&sid=aSZkEGAgOczo&refer=india   (672 words)

  
 IHT on YV Reddy, Governor, Reserve Bank of India « Kamla Bhatt
IHT on YV Reddy, Governor, Reserve Bank of India « Kamla Bhatt
IHT on YV Reddy, Governor, Reserve Bank of India
YV Reddy is the Governor of  the Reserve Bank of India (RBI), which is the central bank of India.
kamlabhatt.wordpress.com /2006/07/15/iht-on-yv-reddy-governor-reserve-bank-of-india   (433 words)

  
 Reserve Bank sits on CCB revival package-Lucknow-Cities-NEWS-The Times of India   (Site not responding. Last check: )
lucknow: the reserve bank of india is yet to take a decision on the revival of the city cooperative bank (ccb).
on the assets side the investments of the banks are around rs 13 crore and rs 11 crore have been given away as loans, out of which rs 1 crore have been realised by the ccb officials till date.
the state bank of india and a private bank have already rejected the offer.
timesofindia.indiatimes.com /articleshow.asp?art_Id=1451737681   (521 words)

  
 The Reserve Bank of India stop arbitrage
The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.2100 and the Reference Rate for Euro is Rs.53.0100 on February 10, 2006.
The Reserve Bank of India (RBI) has tightened norms for banks fixing the interest rates on NRI (non-resident Indians) deposits.
Some banks have represented that in the absence of any direction on how to set rates based on Libor/swap rates, banks are using different methods, sources and cut-off timings to decide the interest rates on NRE (non-resident external)/FCNR(foreign currency non-resident) (B) deposits, resulting in significant variation in interest rates offered to non-resident depositors.
www.nriinternet.com /NRIbanking/INDIA/NEWS/2006/4_RBI_tightens.htm   (472 words)

  
 Reserve Bank Of India - General Information About Indian Economy, Government, Constitution, Education System
The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission.
Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.
www.bharatadesam.com /about/reserve_bank_of_india.php   (359 words)

  
 The Reserve Bank of India Simplifies Procedures in respect of Transfer of Shares/ Convertible Debentures
The Reserve Bank of India Simplifies Procedures in respect of Transfer of Shares/ Convertible Debentures by way of sale by a resident to a non-resident
As a measure of simplification of procedure it has been decided that the Authorised Dealer (Bank) will be responsible to consider requests in respect of transfer of shares/convertible debentures.
The move by the RBI demonstrates their commitment to de-bureaucratize the foreign investment regime and smoothen the process by cutting down on the time delays that are part and parcel of transactions involving transfer between residents and non-residents.
www.hg.org /articles/article_460.html   (770 words)

  
 Reserve Bank of India
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Reserve Bank's affairs are governed by a central board of directors.
The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.
rbidocs.rbi.org.in /rbiadmin/scripts/AboutusDisplay.aspx   (593 words)

  
 Reserve Bank Of India
The Indian banking structure has at the apex the Reserve Bank of India entrusted with the responsibility for the formulation and
The Reserve Bank derives its power from the Reserve Bank of India Act of 1953 and the Banking Regulation Act, 1949.
The Reserve Bank is an adviser to the government on monetary and fiscal policies and also on general economic issues.
www.icscareersonline.com /finance_reserve_bank_of_india.htm   (1500 words)

  
 MacroScan - New Masters for the Reserve Bank of India
To further that agenda, the RBI had periodically reduced the Cash Reserve Ratio (CRR) applicable to the banking system, and the Bank Rate, or the rate at which the central bank provides credit to the banking system.
The Bank Rate which had been brought down in six instalments from 11 per cent in January 1998 to 7 per cent as recently as April 2000 was, on 21 July, hiked by one percentage point to 8 per cent.
The RBI¹s Bank Rate and CRR hike came as a swift reaction aimed halting this accelerated depreciation.
www.macroscan.com /cur/jul00/cur300700RBI_1.htm   (927 words)

  
 Reserve Bank of India
The authorized official of the receiving bank branch is also required to sign the tear-off portion of the challan as well as original challan.
It has been clarified to us by the Income Tax Department that the banks are required to ensure invariably that in the absence of PAN/TAN numbers the name and address of the payee on the challan is required to be entered..
Our interactions with certain banks indicate that the bank branches are not branding challans with rubber stamp containing CIN, BSR and Date of Tender etc. with effect from April 1, 2004 as advised.
tin.nsdl.com /RBI.asp   (347 words)

  
 India BSE 30
China and India will be the world's second and third largest economies by 2020, pushing Japan into fourth place, according to research by Deutsche Bank.
With its reliance on foreign crude oil growing as stagnant domestic demand begins to pick up, India is keen to foster ties with oil-rich neighbours to the west and import-dependent ones to the east, hoping a united front may counter the political weight of the world's biggest oil user, the United States.
Asian Development Bank is expecting India to sustain a high 8.2 per cent GDP growth in next three years.
www.investmenttools.com /equities/world/india_bse_30.htm   (967 words)

  
 India's Bank Tangle - Reserve Bank of India - Brief Article - Statistical Data Included - Column Business Asia - Find ...   (Site not responding. Last check: )
India's central bank warned it had sufficient reserves to intervene to "stabilise expectations" about the future course of the rupee.
By any measure the central bank has overreacted to whatever they were reacting to in the first place.
When the Reserve Bank of India said it had ample foreign reserves, it was issuing a direct threat to currency traders.
www.findarticles.com /p/articles/mi_m0BJT/is_13_8/ai_65772853   (657 words)

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