RBI constituted High Powered Committee headed by R Gandhi on Urban Cooperative Banks The Reserve Bank of India (RBI) constituted a High Powered Committee to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking (UCB) Sector.The eight-member committee will be chaired by R … [Read more...] about Economics Current Affairs – 25 January – 1 February, 2015
Current Economic News
Economics Current Affairs – 09 January – 16 January, 2015
Reserve Bank of India(RBI) cuts Repo Rate by 25 basis point. RBI has cut down Repo Rate by 25 basis points to 7.75 percent from 8 percent. RBI has unchanged Cash Reserve Ratio and kept it at 4.0 per cent of net demand and time liabilities (NDTL) while the Reverse Repo Rate has been adjusted to 6.75 per cent. Marginal standing facility (MSF) rate … [Read more...] about Economics Current Affairs – 09 January – 16 January, 2015