Harsh Vardhan Committee: on Housing Finance Securitisation Market Development

The Reserve Bank of India (RBI) constituted a committee under Harsh Vardhan, to review existing state of mortgage securitisation in India and suggest measures to develop market further. About Committee on Development of Housing Finance Securitisation Market Composition: The committee ..

Month: Current Affairs - May, 2019

RBI announces sale of Sovereign Gold Bonds

The Reserve Bank of India (RBI) announced the issue of Sovereign Gold Bonds (SGBs) on behalf of Government of India. Sovereign Gold Bonds Sovereign Gold Bonds are government securities denominated in grams of gold. They were introduced as substitutes for ..

RBI to Infuse Rs 15,000 crores into the Financial System

The Reserve Bank of India (RBI) has decided to infuse Rs 15,000 crore into the financial system through purchase of government bonds via the auction route. The purchase of government securities would be through open market operations. Open Market Operations ..

RBI proposes stringent regulations for NBFCs

The Reserve Bank of India (RBI) has proposed stringent norms to strengthen and raise the standard of asset-liability management (ALM) framework of struggling non-banking financial companies (NBFCs). Stringent Norms RBI proposes to introduce liquidity coverage ratio for all deposit-taking NBFCs ..

RBI to create Specialised Supervisory and Regulatory Cadre

The Reserve Bank of India has decided to create a specialised supervisory and regulatory cadre for strengthening the supervision and regulation of commercial banks, urban cooperative banks and Non-Banking Financial Companies. Why the Specialised Cadre? There were criticisms against the ..

Chief Risk Officer for NBFCs

The Reserve Bank of India (RBI) has asked non-banking finance companies (NBFCs) with an asset size of more than ?5,000 crore to appoint a chief risk officer (CRO). NBFC’s have been asked to clearly specify the role and responsibilities of ..

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

Payment and Settlement Systems in India: Vision 2019 2021

The Reserve Bank of India (RBI) has released the vision document ‘Payment and Settlement Systems in India: Vision 2019 – 2021’ aiming at a cash-lite society. About the Vision Document It aims at empowering every Indian with access to a ..