Page-10 of RBI
RBI Financial Stability Report: NPAs will increase
On December 27, 2019, RBI released Financial Stability Report. The report is biennial and reflects the collective assessment of the Sub-committee of Financial Stability and Development Council. The report said that the non-performing asset ratio of banks is increasing. It ..
Month: Current Affairs - December, 2019
RBI directs large co-op banks to report all exposures above Rs.5 crore
Reserve Bank of India (RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits (CRILC). The move is aimed at early recognition of financial distress. Key ..
Month: Current Affairs - December, 2019
NPL scientists develop ink to stop fake passports and currency notes
The Council of Scientific and Industrial Research (CSIR) and National Physical Laboratory (NPL) developed an ink to combat the problem of fake printing of passports and counterfeiting of currency notes. The ink has a new security feature o protecting itself ..
Month: Current Affairs - December, 2019
RBI to buy and sell Government Securities worth Rs 10,000 crores
On December 23, 2019, the Reserve Bank of India will buy and sell government securities of Rs 10,000 crores under a special Open Market Operation. Such moves are implemented by the federal bank in order to bring down the interest ..
Month: Current Affairs - December, 2019
Parliament passes International Financial Services Centre Authority bill, 2019
On December 13. 2019, the International Financial Services Centre Authority bill was passed by Rajya Sabha. It proposes to set up an authority to regulate financial services in the International Financial Services Centres in India. Composition of the authority According ..
Month: Current Affairs - December, 2019
RBI Unveils Guidelines on Small Finance Banks
The Reserve Bank of India (RBI) has released ‘Guidelines for ‘on tap’ Licensing of Small Finance Banks (SFB) in the Private Sector’. With these new guidelines, RBI has introduced major changes from earlier Guidelines issued by the apex bank on ..
Month: Current Affairs - December, 2019
RBI fifth bi-monthly Monetary Policy released
The Reserve Bank of India on December 5, 2019, released its fifth bi-monthly monetary policy statement for the year 2019-20. Highlights According to the policy, the repo rate was unchanged at 5.15%. Last time, it was cut by 135 basis ..
Month: Current Affairs - December, 2019
DHFL becomes 1st financial services firm to be taken to NCLT
The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL ..
Month: Current Affairs - November, 2019
Currency Swap Agreement Framework revised For SAARC
The Reserve Bank of India (RBI) has decided to further economic cooperations within the South Asian Association for Regional Cooperation (SAARC) member countries, the framework on currency swap agreement has been revised on Tuesday, November 26, 2019. The currency swap ..
RBI raises concerns over bad loans from Mudra Yojana
The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent need to monitor the loans sanctioned under Mudra Yojana. Concerns According to ..