2nd Monetary Policy: Why RBI Increased Policy Rates

Recently RBI has announced its 2nd monetary policy for FY 2018-19. It has increase Policy rate and takes a neutral stance. These are important information, but from exam perspective (exams like RBI Grade B, UPSC) the background of these policies are important. Few questions which has been asked in UPSC CSE prelims and RBI Grade B …

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Role of Asian Development Bank in India’ success

Asian Development Bank(ADB):- Asian Development Bank is a regional development Bank established in December 1966, Headquartered at Manila, Philippines. It admits the members of the United Nations Economic and Social Commission for Asia and Pacific and non-regional developed countries. It has 68 members of which 48 are within Asia and the Pacific and 19 from …

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Complete overview of NBFC Crisis

A Non Banking Financial Institution or Non Banking financial company is a financial Institution that does not have a full banking license and not regulated as stringent as Banks are. They provide banking and financial services like loans, credit facilities, retirement planning, investing and stocking in money market. Example – Muthoot Finance, LIC Housing Finance, …

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RBI’s Financial Stability Report

Highlights of Financial Stability Report Overall assessment of systemic risks India’s financial system remains stable. Commodities space is firming up. Increased geopolitical risks imply likely volatility in commodity prices. Notwithstanding the efforts to normalise monetary policy by the Federal Reserve and the Bank of England, financial conditions in the advanced economies remain accommodative 33% of rejection …

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What are Micro Finance Institutions (MFI)

According to the World Bank report close to 1.4 billion people in the different countries don’t have access to the financial service and that’s where Micro-financial Institution play a major role. Goals of MFI’s: Assists the development of community which follow sustainable development. Providing resources to lower section of the society. Evaluation of option to …

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Banking correspondants are representatives of banks (commericial banks, RRB) who help in facilitating banking services to customers. Click to know more.

What are banking correspondents?

Any individual, corporation society, business entity, society, NGO etc. Providing banking services in the areas where they’re in no facility of a bank branch or ATM are termed as banking/business correspondents. Individuals are generally retired bank employee’s, ex. Servicemen retired post officials or any other interested person. see all ROLE OF ASIAN DEVELOPMENT BANK IN …

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Is govt interference eroding credibility of RBI?

Recently, RBI Board agreed to give a whooping sum of 1.76 lakh crore of its dividends to the government under revised Economic Capital Framework agreement. Economic Capital Framework is the capital assessed by the RBI to counter any future risks and contingencies associated with its operations and objectives. ECF as bone of contention between RBI …

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NBFC Crisis – Case study on IL&FS

See also: NBFC crisis in India Background In 1987 IL&FS was formed by three financial institutions, Central Bank of India, Housing Development Finance Corporation (HDFC) and Unit Trust of India (UTI), to provide loans for major infrastructure projects. After few years two big international institutions, namely Mitsubishi (through Orix corporation Japan) and the Abu Dhabi …

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