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India plans to amend RBI Act by Feb to set up monetary panel: Official

Last Updated: Monday, August 31, 2015, 14:18

The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country`s monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.

Basel-III is a reinforcement of Basel-II: RBI official

Last Updated: Saturday, March 21, 2015, 18:13

Basel-III norms -- which will come into effect from March 31, 2019 -- was basically a reinforcement of the existing Basel-II, according to an RBI official.