RBI to create a ‘Specialised Supervisory and Regulatory Cadre’

The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at ..

Month: Current Affairs - May, 2019

Nilekani Panel on Digital Payments submits report to RBI

The Reserve Bank of India (RBI) appointed committee on ‘suggestions on promoting digital payment’ has submitted its report to RBI Governor Shaktikanta Das. The committee was headed by Nandan Nilekani, also known as Aadhaar Architect. Key Highlights Background: In January ..

Month: Current Affairs - May, 2019

Shaktikanta Das: 25th Governor of RBI

India’s former economic affairs secretary and current member of the Finance Commission Shaktikanta Das is to be appointed as next RBI Governor. He will be the 25th Governor of the apex bank of the country. About  Shaktikanta Das Shaktikanta Das ..

Month: Current Affairs - December, 2018

Repo rate keeps unchanged at 6.5%

Reserve Bank of India (RBI) in its fifth bimonthly monetary policy review for financial year 2018-19 has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.5%. The reverse repo rate has also been maintained ..

Month: Current Affairs - December, 2018

RBI Governor Urjit Patel appointed to Financial Stability Institute Advisory Board

RBI Governor Urjit Patel was appointed to Financial Stability Institute Advisory Board (FSAB) or Bank of International Settlement (BIS). BIS is international financial organisation owned by 60 member central banks across world. The Financial Stability Institute (FSI) of BIS assists ..

Month: Current Affairs - November, 2017

Urjit Patel assumes charge as 24th RBI Governor

Eminent economist, consultant and banker Dr. Urjit Patel has assumed charge as the 24th Governor of the Reserve Bank of India (RBI). Dr. Patel succeeds Raghuram Rajan who completed his tenure after serving a three-year term.  He will have tenure ..

Month: Current Affairs - September, 2016

Urjit Patel appointed as 24th Governor of RBI

Union Government has appointed Urjit Patel (52) as new Governor of Reserve Bank of India (RBI). He will be 24th Governor of RBI He will have tenure of three years and shall succeed Raghuram Rajan. Prior to this appointment (elevation) ..

Month: Current Affairs - August, 2016

Board for Payment and Settlement Systems

In 2005, RBI constituted the Board for Payment and Settlement Systems (BPSS) as a Committee of its Central Board. The functions are to regulate and supervise the payment and settlement systems. This is also chaired by the Governor of RBI ..