RBI Grade-B Phase -I 2014 online Exam Result

Reserve Bank of India (RBI) has declared the result of (Phase -I) Online examination for the post of officer in Grade B (General) –DR which was conducted on 3rd August in various centre across country. The candidates who has passed Phase-I exam will be qualified for Phase-II exam which is descriptive and will held on 13th and 14th September, 2014. The candidates who have appeared in Phase -I exam may check their Result and cut-off marks at below link

Click here for Result

Click here for Cut off Marks

Click here for Time table for Phase -II exam

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RBI issued drafted guidelines for implementation of Bharat Bill Payment System

The Reserve Bank of India (RBI) on 7 August 2014 issued draft guidelines for implementation of Bharat Bill Payment System (BPPS), an anytime anywhere bill payment system. The proposed guidelines describe the basic requirements of operating the BBPS.

Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the country. It would enable the customers to pay the bills with the help of agents and getting instant confirmation of the payment made. School fees, municipal taxes and utility bills payments would become easier now.

This integrated bill payment system will comprise of two entities:

• Entity operating at Bharat Bill Payment System (BBPS) will be setting up the standards related to payments, clearance and settlement process
• Second entity would be Bharat Bill Payment Operating Units (BBPOUs). It will be carrying out the operations in adherence to the standards fixed by BBPS.

Authorised entities such as agents, banks, service providers, payment gateways would be the participants at the Bharat Bill Payment System.

Bill Payment in India

Generally, most of the retail transactions are carried out through bill payments. The G. Padmanabhan Committee was formed by RBI to study the Feasibility of Implementation of GIRO-based Payment Systems anticipated that around 30800 million bills amounting to more than 600000 crore rupees are paid each year in 20 Indian cities.

These payments are accepted in both cash and cheque. The existing bill payment systems are secure enough, but they do not address the concerns of the customers completely. The centralized Bharat Bill Payment System would be a appropriate solution for the same.

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RBI cancelled Certificate of Registration of six NBFCs

The Reserve Bank of India (RBI) on 28 July 2014 cancelled the certificate of registration of six non-banking financial company (NBFCs). With this cancellation, these six NBFCs based in Delhi would not be able to conduct business of non-banking financial institution.

These six non-banking financial company (NBFCs) whose cancellation of registration certificate has been issued are 
• GE Strategic Investments India (GESII) 
• Profound Exports Private Limited
• Two Brothers Holding Limited
• Swank Services Private Limited
• Praxis Consulting and Information Services Private Limited
• Credible Microfinance Ltd. (formerly known as "Credible Securities & Finance Pvt. Ltd.")
However, reason for the cancellation of registration was not disclosed by RBI.

Power granted to RBI to cancel registration certificate of NBFC
The registration certificate of a non-banking financial company can be cancelled by RBI under the powers conferred under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

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RBI Officers in Grade B (General )-DR Written Result 2014

Reserve Bank of India (RBI) has declared the result  for the post of Officers in Grade- B General  written exam 2013 which was conducted online across country on 9 & 10th November 2013. The candidates who passed the written exam will be called for the interview. The candidates who appeared in above-said exam can check their result at below link:

Click here for shortlisted candidates

Attestation Form

Bio data

OBC Certificate

OBC Delaration

SC/ST Certificate

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