Banking Regulation and Monetary Policy

PLR is not determined by Reserve Bank of India. The prime lending rate is not determined by the RBI rather by the individual banks only. 

Cash Reserve Ratio, Bank Rate and open market operations measure comes under quantitative credit controls adopted by Central Bank of the Country. Bank rate is the rate of interest charged by the Central Bank on the re discounting of bills of exchange. Under Cash reserve ratio, the central banks issue Government Securities to the commercial banks for which they have to pay to the central bank. 

The transformation of the Indian banking sector has been driven by financial sector reforms (liberalization), the impact of globalization, and the government's push for financial inclusion to reach unbanked populations.

India Development Bond was issued in 1991-92 by SBI. The Indian development bond and the immunity scheme for the repartition of funds held abroad were introduced in the October 1991. The schemes proved to be highly successful as they mobilized $1.605 billion and $793 million respectively.  

Currency notes of Rs. 20 and higher denomination are printed at Bank Note Press, Dewas. 

NABARD is a bank. It is the national bank for agriculture and rural development. NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. 

ICRA, CRISIL and CARE all are credit rating agencies in India. All of these are credit rating agencies sponsored by all India Financial Institutions, Banks and have tie ups with many international agencies.  

On the recommendations of Kelkar Committee, no new RRB (Regional Rural Bank) has been established since April 1987. RRB's are working in all states of the country except of Sikkim and Goa. At present 196 RRBs are working in the country. Since April1987, no new RRB has been opened according to the Kelkar Committee. 

NABARD (National Bank for Agriculture and Rural Development) is the primary regulatory agency tasked with overseeing the microfinance sector in India, as per the provisions discussed in the 2007 Micro Finance Bill.

The RBI issued directives to banks to refrain from granting loans for the purchase of Kisan Vikas Patra, as these are government savings instruments and using bank credit to purchase them was considered an improper use of financial leverage.

The Banking Regulation Act, 1949, is the primary legislation that governs and regulates the operations of banks in India.

This is the correct answer. Reserve Bank of India gives approval if the joint venture is covered under the automatic route. Foreign Investment Promotion Board has to approve a joint venture specially, if it is not covered under the automatic route and it is a special case.

The Reserve Bank of India (RBI) is the central banking institution of India and holds the regulatory authority to grant licenses for opening new bank branches.