Reserve Bank Of India Knowledge Base
Do you expect next Governor of Reserve Bank India to become Prime Minister? Understand from one of the News Columns that money in Swiss bank is being transferred to some third country. RBI must have got the in puts Do you now expect Governor of Reserve Bank India may become next Indian Prime Minister For Money in Swiss bank - I mean Indian Money ie Rs 2.5 Billion illegally deposited in Swiss banks
Is Forex Trading is approved by Reserve Bank Of India ? 1. Is Forex Trading is approved by Reserve Bank Of India ? 2. Why does all Banks in India does not allow Wire Transfer ? 3. Why Does they ask many questions while wire-transfer ? 4. Is it possible to do Forex Trading from India ? Please reply...
i want job in reserve bank of india at chennai? i want any kind of job in chennai reserve bank of india. i am a scnciser and hard worker,honest man,dadecate to my work. office boy,office assiestance,clerk,peaun ,accountant,office work job i want need.
about reserve bank of india? why the reserve bank of dont print more notes???........so that poverty can be eliminated. give reason........... what is term and condition for printing of notes or coin
Reserve Bank of India Mid-term Review of Annual Policy for 2006-2007? As I got to know from the latest RBI Mid-term Review of Annual Policy for 2006-2007 that "Resident individuals would henceforth be free to remit up to US$50,000 per financial year for any current or capital account transaction or a combination of both, as against the earlier limit of US$25,000. The existing facilities for gifts, donations and investment by resident individuals in overseas companies would be subsumed under this revised limit. The existing facility for private travel up to US$10,000 per financial year will continue to be available on a self-declaration basis." I would like to remit up to US$50,000 per Resident individual per financial year for 4(Four) Resident Indian Accounts. Kindly let me know the procedure about how can I remit funds.
What is the Fractional Reserve Percentage for Banks in India? I finished watching Money as Debt sometime back. A brilliant documentary that explains that Economy is doomed to fail because the Federal Reserve and Banks are allowed to create money out of debt. The way Private banks do it, it's called, Fractional Reserve Banking, because they're allowed to keep a fraction of their Reserve for the loans they are allowed to issue. I was wondering what's the Fractional Reserve percentage for Banks in India. I'm looking for the exact Fracation Reserve Percentage with reference. I believe for USA it's 9:1 (ie, the US can issue 9 times to the loan for the reserve it has).
Why not the Reserve Bank of India BLOCK the credit cards of the Senior Citizens after their 65 years of age?? It is one of the well known marketing tactics of the credit cards to issue loans to Sr. Citizens. There are many instances where the loans issued by the credit cards to the Sr. citizens and old people attracting huge percentage of interest drag them into chronic indebtedness, there by making their lives miserable and compel to spend their balance life period in depression, desperation and worry through out their life in repayment of such loans. Hence it is suggested to the Government Of India to block all credit card activities, of theCitizens of INDIA after the age of 65 years in their best interest of peaceful living. Or treat all such loans as null and void by bringing them under the scheme of " Relief of chronic indebted ness" ? Or the Government of India may issue stasutory orders that any such loans issued by the credit cards to the Sr.citizens, not to attract the credit card interest rate but may be at the interest rates as applicable to any other Nationalized Banks only. Here blocking the credit card means; blocking at request only, as an easy and helpful facility. Examples of various other types of such concessions / facilities already in vogue are like concession in the railway fare, seperate reservation Ques, selection in railway births; raising the Income Tax exemption slabs; Increase of 0.5% interest in their fixed deposits in the banks etc.,.
What Reserve Bank should do for the CREDIT CARDS & PERSONAL LOANS? The female staff of all private banks have made unsolicited phone calls to Indian people who are earning some money by stating that Life time free cards and issued personal loans. Indian poor people who have taken the credit cards unknowingly spent the money & have been paying the entire incomes as EMIs Now to pay all the dues they dont have any money since all their incomes are going in unexpected EMI's and unanticipated loan interest which is approximately 60% which more than Marwadi amounts. What the Reserve Bank of India Chairman should know is that it is due to unsolicited phone calls and so the loss occured due to unsolicited phone calls and banks should be made to take the loss of the people. Otherwise, there is going to be a very huge law and problem for which Indian Government don't have infrastructure to arrest lakhs/crores loan taken defaulters. Some kind of solution should be found otherwise it is going to be a very big SCAM for which I see no other solutions.
Can I pay with a credit/debit card from India for e-shopping? Can I pay with a credit card/debit card for paying in dollars or pounds for e-shopping outside India sitting in India? Or does it ask for a written application to the Reserve Bank of India, for permission to spend dollars/foreign currency beforehand?
How to Send Money From India to Australia? i'm Indian i want to send AUS Dollars to Australia From India. how to send it? is this illegal or legal way? does i 've to take permission from RBI (Reserve Bank of India)? Please Suggest Me . Amount is AUS 43500 $. i'm Indian i want to send AUS Dollars to Australia From India. how to send it? is this illegal or legal way? does i 've to take permission from RBI (Reserve Bank of India)? Please Suggest Me . Amount is AUS 43500 $. I've Bought a Property Over There in Australia When i've Been there But Given a Token Money of 1000 Dollar But Rest I've to Pay. Please tell me how to send? Our Indian Bank ask for Commission + Extra Undertable Money That i Dont want to pay. i dont want to pay any single money extra.
Whether GOI is keeping Dollars as reserve fund with Central Bank of America? Its implications on Rupee value? RBI is keeping Gold as reserves for printing Indian currency. If India is keeping its surplus foreign currency in $ with USA then it is loosing its capital due to depreciation in value of $ vis-a-vis Rupee? Is India facing this situation? Why cann't India invest in purchase of other currencies which have a trend of appreciation in value? Raising CRR or reducing rate of interest on savings is not the right solution as it would result in financial crunch. and dishearten the domestic trade. Why cann't India use surplus foreign exchange to develop or procure items of Infrastructural support? Even if there is deficit financing or fiscial dificit, how is it adverse to our economic interest. USA is consistently using this method in its national economy. With Rupee going strong, why India is accelerating its policy of attaching no controls over valuation of currency when China is deliberately controling Yuan at under-rated value to serve its export policy and is trade surplus state.
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