The government of India created the Securities and Exchange Board of India (SEBI) with a view to control and regulate the foreign investment in the capital markets, new issues of capital brought out by the companies and grievances of the companies and the investors. In addition, SEBI has been createdContinue Reading
Sensex is down, Rupee is up, banks are down and suddenly a lot of people think that he is unfair and handsome. . But Friday began with a surprise repo rate rise by RBI boss Raghuram G. Rajan The Reserve Bank of India’s (RBI) new Governor Raghuram Rajan increased theContinue Reading
Reserve Bank of India, in its quarterly review, announced a cut in the Statutory Liquidity Ratio (SLR) for banks by one percentage point, to 23% from 24%. The cut in SLR, which is essentially the proportion of deposits that banks invest in government bonds, will enable banks to shift moneyContinue Reading
World Math Day World Math Day is on March 7, 2012 Mathematics is the study of quantity, structure, space, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proof. The research required to solve mathematical problems can take yearsContinue Reading
All loans are set to become costlier, with the Reserve Bank today hiking the key interest rate for the 12th time since March, 2010, by 25 basis points to rein in high inflation. With today’s decision, the short-term lending (or repo) rate at which banks borrow from the RBI standsContinue Reading
Bankers and other stakeholders are now almost certain that the Reserve Bank of India (RBI) will increase the key policy rate, or the repo rate, by 25 basis points (bps) on Tuesday. But if they are still keenly awaiting the first quarter review of the monetary policy, it’s because ofContinue Reading
Money as a means of payment, consists of coins, paper money and withdrawable bank deposits. Today, credit cards and electronic cash form an important component of the payment system. For a common person though, money simply means currency and coins. This is so because in India, the payment system, especiallyContinue Reading
In order to check misuse of ATM cards by unauthorised people, RBI(Reserve Bank of India) has asked banks to allow only one transaction at ATM machines for one entry of PIN (Personal Identification Number) which acts like a password for ATM transactions). The transactions that a bank customer can conductContinue Reading
The RBI (Reserve Bank of India ) revealed its plan to introduce plastic Indian currency in the market to address the fake currency issue. Amarendra Sahu, Regional Director of RBI, Lucknow said that stung by the increasing menace of Fake Indian Currency Notes (FICN), the RBI is contemplating to introduceContinue Reading
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