Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The camps would be conducted on December 22 at Gharowa Sonapur Village in Darrang district, an official statement said.
At present, the repo rate acts as the policy rate when liquidity is in deficit mode while reverse repo becomes the operating rate when there liquidity is surplus.
The Reserve Bank working group, constituted to revisit benchmark prime lending rate (BPLR), is likely to recommend two types of PLRs and may put a ceiling on banks' sub-PLR lending, a source said.
The committee is considering multiple BPLRs for corporates, SMEs and retail borrowers and is likely to meet by mid-September to finalise the recommendations on the BPLR structure. BPLR is the interest rate that commercial banks charge their most credit-worthy customers.
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Many countries, including Japan, are having deflation and they are trying to go back to an era of inflation.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Banks seems to be upset over RBI's move over rate cut.
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