Page-10 of RBI
RBI: Cuts repo rate to 4.4%; CRR to 3%; 3-month moratorium allowed on all loans
On March 27, 2020, the Reserve Bank of India announced series of measures to counter economic slowdown caused due to COVID-19. The Central bank advanced its Monetary Policy Committee meet due to COVID-19 pandemic. This was the 7th Bi-Monthly Monetary ..
Month: Current Affairs - March, 2020
Recapitalization of Regional Rural Banks approved by Union Cabinet
The Union Cabinet under the chairmanship of PM Modi on March 25, 2020, approved the recapitalization of regional rural banks (RRB) to improve the capital to risk weighted assets ratio. Highlights The Committee approved the continuation of recapitalization of RRBs. ..
Month: Current Affairs - March, 2020
What is Forex Swap and LTRO suggested by RBI governor to support Liquidity in India?
The RBI Governor recently stated that the apex bank has several armoury of weapons and it will not hesitate to deploy them. Two of the measures suggested by the governor are Forex Swap and LTRO (Long Term Repo Operation). This ..
Month: Current Affairs - March, 2020
Exposure Limits for Urban Cooperative Banks revised by RBI
On March 13, 2020, the Reserve Bank of India revised exposure limits of Urban Cooperative Banks. Earlier the RBI permitted 15% of its capital funds to single borrowers and 40% of its funds to group of borrowers. It has now ..
Month: Current Affairs - March, 2020
GoI to create 75 lakh Self Help Group by 2022
On March 8, 2020, Minister of Rural Development Narendra Singh Tomar announced that more than 17 lakh Self Help Groups (SHGs) are to be developed by 2022. Currently, there are more than 60 lakh self help groups in the country ..
Month: Current Affairs - March, 2020
RBI capped Rs 50,000 as withdrawal limit of YES Bank customers: What is YES BANK CRISIS in news?
On March 5, 2020, the Reserve Bank of India imposed a month-long moratorium. Also, the Apex Bank has imposed withdrawal restrictions of Rs 50,000 to the customers. However, in case of medical emergencies and higher education fees, the restriction has ..
Month: Current Affairs - March, 2020
SC Ruling on Cryptocurrency Ban
The Supreme Court quashed ban on cryptocurrency imposed by the Reserve Bank of India. This is expected to revive the almost extinct industry in India. Cryptocurrency Cryptocurrency is a virtual or digital currency secured by cryptography. Its notable features include ..
IIT to set up Data Science Centre at Kanjikode campus
The Indian Institute of Technology, Palakkad is to set uo a research centre in data science. The centre being set up at Kanjikode aims at providing a platform of research for artificial intelligence and Data Science Highlights The centre has ..