RBI
RBI to issue small finance bank licences next month
20 Aug 2015
Unlike payments banks, small finance banks can provide basic banking services like accepting deposits and lending to the unbanked sections such as small farmers, micro businesses and unorganised sector enterprises
RBI allows India Post, 10 other entities to set up payments banks
19 Aug 2015
Energy-to-telecoms conglomerate Reliance Industries, Bharti Airtel, Vodafone and a joint venture of Aditya Birla Nuvo and Idea Cellular are also among successful applicants
RBI holds rates as food prices surge
04 Aug 2015
Reserve Bank today decided to keep the policy repo rate at which it lends to banks and the cash reserve ratio (CRR) of scheduled banks unchanged at 7.25 per cent and 4.0 per cent, respectively
Revised financial sector code aims to clip RBI’s wings
24 Jul 2015
As per the revised financial code, the seven-member Monetary Policy Committee, with just three representatives from the RBI will decide on the monetary policy and the RBI governor will have no veto power – only a second casting vote
