Rbi Panel

An international currency is used and held beyond the borders of the issuing country for transactions between residents and non-residents, and between residents of two countries other than the issuing country.

RBI suggests revamping banking system for micro-financing

The panel report begins with recognition that after so many years we have still not got perhaps more than 50 percent of India in banking accounts and in some states like Bihar the banked percentage is as low as 16 percent.

NBFCs, banks may continue to deliver gold loans: RBI panel

Gold loan NBFCs do not pose any immediate systemic risk to the financial system. Both banks and NBFCs may continue to deliver gold jewellery loans. They should also aim at introducing gold-backed financial instruments to unlock the value of idle yellow metal in the country, a RBI panel said in its draft report on Wednesday.