Page-30 of RBI
RBI appoints Surekha Marandi as executive director
The Reserve Bank of India (RBI) has appointed Surekha Marandi as its Executive Director (ED). She was appointed in place of U S Paliwal who retired on December 31, 2016. In her new role, she will look after Consumer Education ..
Month: Current Affairs - January, 2017
Viral V Acharya appointed as RBI Deputy Governor
The Union Government has appointed Viral V Acharya (42) as new Deputy Governor at the Reserve Bank of India (RBI). He will have regular three-year tenure. His appointment was cleared by the Appointments Committee of the Cabinet (ACC) chaired by ..
Month: Current Affairs - December, 2016
RBI keeps key rates unchanged in fifth bi-monthly monetary policy review
The Reserve bank of India (RBI) in its fifth bi-monthly monetary policy review for year 2016-17 has kept key rates unchanged. Decision in this regard was taken by RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel. This decision ..
Month: Current Affairs - December, 2016
Banks to bear liability in case of online security breach: RBI
The Reserve Bank of India (RBI) has clarified that banks will have to bear the full liability in the event of any security breach or compromise in the authorised card network. Banks issuing the cards will offer the ‘payment authentication ..
Month: Current Affairs - December, 2016
RBI to introduce new 20 & 50 rupee currency notes
The Reserve Bank of India (RBI) is going to issue new currency notes of Twenty and Fifty rupees denomination in the Mahatma Gandhi Series-2005. All old the previous currency notes of old Rs. 20 and Rs. 50 denomination issued by ..
Month: Current Affairs - December, 2016
RBI introduces incremental CRR to manage excess liquidity in banking system
The Reserve Bank of India (RBI) has introduced an incremental Cash Reserve Ratio (CRR) of 100% for fortnight to absorb excess liquidity in the banking system following demonetisation. CRR is the proportion of deposits that banks have to keep as ..
Month: Current Affairs - November, 2016
RBI doubles cap on PPIs to Rs. 20,000
The Reserve bank of India (RBI) has increased the per month limit of Prepaid Payment Instruments (PPIs) to Rs. 20,000 from Rs. 10,000 and to Rs. 50,000 for merchant bank. This decision was taken due to sudden increase in demand ..
Month: Current Affairs - November, 2016
RBI proposes Islamic window in conventional banks
The Reserve Bank of India (RBI) has proposed the opening of Islamic window in conventional banks for gradual introduction of Sharia-compliant or interest-free banking in the country. In this regard, RBI has also prepared a technical analysis report and submitted ..
Month: Current Affairs - November, 2016
Special Task Force led by SS Mundra formed to recalibrate ATMs
The Reserve Bank of India (RBI) has formed Special Task Force to speed up the process of recalibration of automated teller machines (ATM) to dispense the new denomination notes. The Special Task Force will be headed by S.S Mundra, Deputy ..
Month: Current Affairs - November, 2016
RBI issues clarifications on Hedging for External Commercial Borrowings
The Reserve Bank of India (RBI) has issued the Clarifications on hedging for External Commercial Borrowings (ECB) in a bid to effectively address currency risk at the systemic level. The Clarifications were issued by RBI under section 10(4) and 11(1) ..