Page-3 of RBI

RBI: Cardless cash withdrawal facilities at all ATMs

May 23, 2022

The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) across all ATMs in the country. How does this ..

Month: 

Category: 

Record Fall of Indian Rupee

May 11, 2022

On May 9th Indian Rupee fell to its all-time low against the US Dollar, closing at 77.50 per USD. Why did the value of the Indian Rupee fall? Due to rising inflation, US Federal Reserve increased the interest rate. This ..

Month: 

Category: 

RBI Monetary Policy Committee Announcements – Update (May, 2022)

May 5, 2022

Recently, the Monetary Policy Committee (MPC) held an unscheduled meeting and made some important announcements. What are the announcements? The MPC unanimously decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to ..

Month: 

Category: 

New Member of Monetary Policy Committee (MPC)

May 5, 2022

The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by ..

Month: 

Category: 

RBI Report on Currency and Finance

May 2, 2022

Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing ..

Month: 

Category: 

Suman Bery – New Vice-chairperson of NITI Aayog

April 23, 2022

The central government appointed economist Suman Bery as the vice-chairman of NITI Aayog after Rajiv Kumar resigned from the post on 22nd April 2022. Overview: Kumar had been appointed as the vice-chairperson of NITI Aayog five years ago. The cabinet ..

Month: 

Category: 

What are new Guidelines issued by RBI on Issuance of Credit and Debit Cards?

April 23, 2022

On 21st April 2022, the Reserve Bank of India (RBI) issued a fresh set of guidelines for the issuance of debit and credit cards. These newly issued guidelines will come into effect from July 1 2022 and will be applicable ..

Month: 

Category: 

What is Positive Pay System?

April 7, 2022

The guidelines for the implementation of the Positive Pay System were issued by the RBI for the banks of the country. From 1st January 2021, this system has been implemented to safeguard banks against any cheque frauds. Overview: The National ..

Month: 

Category: