Tag Archives: RBI

RBI Cuts Repo Rate by 0.5%: What This Means For You

  The Reserve Bank of India has cut the repo rate (the rate at which it lends to other banks) by 50 basis points, or 0.5%. In a move that caught many sections of investors by surprise, the Fourth Bimonthly Monetary Policy Review of the RBI reduced the repo rate to 6.75%, down from 7.25% earlier.… Read More »

The History of Currency

Swati, a journalist, had invited her gang of girls for a lazy Sunday lunch. Post lunch, their chit chatting turned serious when Swati shared an incident of counterfeit currency from her bank ATM.  Swati’s friend from Australia suggested that India should move toward digital currency instead of the paper money. This got them to think… Read More »

Who else wants a vodka shot on interest rate cuts

It was a typical Sunday afternoon. It took some time for Nidhi to soak in the ambience of the lounge bar that she was visiting after months. She was still furious at the cab driver, who had taken a circuitous route to the place so that he could charge her more. Her friend Renu, who… Read More »

Who monitors banking codes and standards in India?

“An independent and autonomous watch dog to monitor and ensure that the Banking Codes and Standards adopted by the banks are adhered to in true spirit while delivering their services” is what the BCSBI (Banking Codes and Standards Board of India)states in a description of itself!

The Baroda Traders Co-operative Bank Limited, Vadodara – Penalised (As per RBI report)

According to a recent press report, the Reserve Bank of India has imposed a monetary penalty of Rs. 5.00 lakh on The Baroda Traders Co-operative Bank Limited, Vadodara, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to… Read More »

RBI has taken measures to control inflation

A recent press report said that RBI is taking measures to control inflation but it is important to concentrate more on the supply side. It also said that it’s time to innovate new ideas to overcome the inflation because the agriculture investment has been reduced from 4.37 per cent to 1.83 per cent and also… Read More »