India’s forex reserves at new life-time high of $430.57 bn

According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US $430.572 billion in week to August 9, 2019. It was on account of rise in foreign currency assets, the ..

Month: Current Affairs - August, 2019

Looming Global Economic Slowdown leads to a recession

As per a report put out by Morgan Stanley, which is one of the world’s leading global financial firms, the world economy appears to be heading towards a recession. However, fortunately for India, as per the initial projections of the ..

Scheduled Bank Status in India

The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are the banks which are included in the Second Schedule of Reserve Bank ..

Monetary Policy tweaks by RBI

The Reserve Bank of India (RBI) reduced the interest rate by 35 basis point (0.35%). This is the fourth successive reduction in the repo rate. What is the repo rate? The repo rate is the rate at which the RBI ..

Debt Management and Monetary Policy in India

The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on capital account convertibility in 1996 because of the possible conflict of interest ..

India Post Payments Bank to be converted into Small Finance Bank

Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment Banks Payments banks were introduced by the Reserve Bank of India (RBI) ..

Sovereign bonds: Risks and Rewards

In the budget, the government has proposed to raise a part of its gross borrowing in external markets in external currencies by issuing sovereign bonds. Under the programme, both the initial loan amount and the final payment will be in ..

Data security after Capital One data breach

In what could be a major deterrent for governments looking to promote digital transactions and attempting to store data online, a data breach in a financial firm has led to the loss of personal information of 106 million people in ..