Page-3 of RBI
RBI Report on Currency and Finance
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: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
Suman Bery – New Vice-chairperson of NITI Aayog
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: Current Affairs - April, 2022
Category: Awards, Honours & Persons in News
What are new Guidelines issued by RBI on Issuance of Credit and Debit Cards?
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: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
What is Positive Pay System?
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: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
Geo-Tagging of Payment System Touch Points
The framework that is related to geo-tagging of payment system touch points has been released by the Reserve Bank of India (RBI). Overview: This framework has been created as a part of RBI’s objective of deepening digital payments along with ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
Reserve Bank Innovation Hub
The Reserve Bank Innovation Hub (RBIH) has been inaugurated by Shaktikanta Das, governor of the Reserve Bank of India (RBI) in Bengaluru. Overview: RBIH has been set up as a wholly-owned subsidiary of the RBI with Rs 100 crore as ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
US Fed Rate Hike – Impact on India
In the first hike since 2018, the US Federal Reserve increased the interest rates by 25 basis points. Reasons for US Fed Rate Hike In February, inflation in the United States reached 7.9%, which is the highest in 40 years. ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
Credit Guarantee Scheme for Subordinate Debt (CGSSD)
On 14th March Ministry of Micro, Small and Medium Enterprises (MSMEs) announced the extension of the Credit Guarantee Scheme for Subordinate Debt (CGSSD) by another year. About extension of the scheme Launched in June 2020, the Credit Guarantee Scheme for ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
RBI Framework for Micro-finance Lenders
On 14th March Reserve Bank of India (RBI) announced Regulatory Framework on microfinance loans. Removal of margin caps The Reserve Bank of India (RBI) has done away with the margin caps on the pricing of small loans given by non-banking ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs
Moody’s India Growth Forecast- Update
The GDP growth prediction for India has been raised by Moody’s Investors Service. The prediction for the current financial year has been raised to 9.5 percent from 7 percent. Overview: The GDP forecast has been increased citing an economic recovery ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs