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"Latest RBI Master Circular on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)", Reserve Bank of India, 1 July 2011. "RBI keeps key rates unchanged, SLR cut by 1%" , The Economic Times , 31 July 2012 .
(Circular AP (DIR Series) No 24 dated September 27, 2002. As per RBI Master circular on External Commercial Borrowing and Trade Finance 1 July 2011, the all-in cost ceiling for interest is now six month L + 200 bps(bps is Basis Points . A unit that is equal to 1/100th of 1%) for buyer's credit arrange for tenure up to three years.
New categorization of NBFCs as per revised framework by Reserve Bank of India (RBI): Reserve Bank of India through a circular in October 2021, [9] has categorized the NBFCs into three layers: [10] Base layer – This layer covers NBFCs which are non-systematically important, i.e., they have a lesser risk and impact on the financial system. It ...
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
The committee comprises six members – three officials of the Reserve Bank of India and three external members nominated by the government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The governor of the Reserve Bank of India is the chairperson ex officio of the ...
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
Bizarre Laws In Washington, Such As Being Charged With Reckless Driving If Hugging While Behind The Wheel . One quite famous strange "law" of Connecticut regards pickles.
In January 2020, Patra was appointed a Deputy Governor of the Reserve Bank of India by the Appointments Committee of the Cabinet—on the recommendation of the Cabinet Secretary-headed Financial Sector Regulatory Appointment Search Committee [5] —for a period of three years, succeeding Viral Acharya, who had resigned in July 2019.