Page-6 of RBI
RBI Guidelines for Tenure of Bank CEOs and MDs
The Reserve Bank of India recently laid down set of instructions to improve the corporate bank governance. RBI Guidelines The post of MD and CEO shall not be held by the same person for more than 15 years. However, they ..
Month: Current Affairs - April, 2021
Sudarshan Sen Committee of RBI
The Reserve Bank of India recently set up a committee to study about the Asset Reconstruction Companies (ARC) in the country. The committee will evaluate the role of ARCs in debt resolution and will review their business model. About the ..
Month: Current Affairs - April, 2021
What are Prepaid Payment Instruments?
The Reserve Bank of India recently made three main changes to the Prepaid Payment Instruments. What are Prepaid Payment Instruments? The Prepaid Payment Instruments or PPI are means through which purchase of goods and services shall be made against the ..
Month: Current Affairs - April, 2021
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores ..
Month: Current Affairs - April, 2021
RBI forms Academic Advisory Council for Supervisory College
The Reserve Bank of India recently formed an advisory council under former deputy governor N S Vishwanathan to advise the director of the central bank on supervisory colleges. What is the role of the council? The council will identify areas ..
Month: Current Affairs - January, 2021
RBI Monetary Policy Committee meet
The newly formed Monetary Policy Committee held its meeting between October 7, 2020 and October 9, 2020. The Government of India recently appointed its members. They were economists Jayant R Varma, Shashank Bhide and Ashima Goyal. Also, the Government of ..
Month: Current Affairs - October, 2020
What is Digital Payment Index?
The Reserve Bank of India (RBI) announced on September 10, 2020 that a Digital Payments Index (DPI) will be launched. The index will assess and capture the extent of digitalisation of payments effectively. Key Points The DPI will be based ..
Month: Current Affairs - September, 2020
Is ‘Disaster Management Act’ related to Extension of Loan Moratorium?
The Supreme Court of India asked the central government to clarify its position on the issue of interest being charged on the installment of loan repayments amid the lockdown. Earlier, by mentioning the power of the center under the Disaster ..