Category: Banking

Low inflation, fall in crude oil prices has reduced price pressures: RBI Governor

Newsroom24x7 Desk Mumbai, Jan. 15: Inflationary pressures (measured by changes in the consumer price index) have been easing since July 2014 and the path of inflation, while below the expected trajectory, has been consistent with the assessment of the balance of risks in the Reserve Bank’s bi-monthly monetary policy statements. RBI Governor Raghuram G Rajan

Continue reading

RBI Fund for depositor education

Newsroom24x7 Desk Mumbai, Jan. 10: To grant financial assistance to institutions/ organisations/ associations for taking up activities relating to promoting bank depositors’ education and awareness, the Reserve Bank of India has released on its website, the Guidelines on the Criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education

Continue reading

India-Jan 2015: Government’s currency liabilities to the Public stood at Rs. 187.4 billion

Newsroom24x7 Desk Mumbai, Jan. 8: Government’s currency liabilities to the public went up to Rs. 187.4 billion in the first week of January 2015 as compared to the total liabilities of Rs. 173.4 billion till March 31,2014. During the financial year 2013-14, the Government’s currency liabilities to the public also rose by Rs. 15.1 billion.

Continue reading