Page-12 of Reserve Bank of India (RBI)
RBI extends curbs on PMC Bank till 30 June
Reserve Bank of India (RBI) has extended restrictions on withdrawals and deposits in Punjab & Maharashtra Cooperative (PMC) Bank till 30 June, 2021. This decision was taken as central bank is working to finalize an investor for scam-hit multi-state cooperative ..
Month: Current Affairs - March, 2021
RBI sets up Panel to Evaluate Bank Applications
The Reserve Bank of India (RBI) has set up a “standing external advisory committee (SEAC)” on March 23, 2021. This panel will evaluate the applications for the universal banks and small finance banks (SFBs). Standing External Advisory Committee This committee ..
Month: Current Affairs - March, 2021
LIC-owned IDBI Bank removed from PCA framework
The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as ..
Month: Current Affairs - March, 2021
RBI’s State of the Economy Report
The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021 have increased from 1.5% from the year 2020. According to the report, ..
Month: Current Affairs - March, 2021
RBI’s Report on Currency and Finance 2020-21
A Currency and Finance (RCF) report by Reserve Bank of India (RBI) official has recommended that, the time span that was considered to measure whether monetary policy-setting panel has failed in achieving its objectives or not should be of four ..
Month: Current Affairs - February, 2021
FinMin allows all Private Banks to Participate in Government Business
The finance ministry has allowed all the private sector banks to participate in business related to government such as small savings schemes and collection of taxes pension payments. Highlights Currently, only some of the big private sectors are allowed to ..
Month: Current Affairs - February, 2021
RBI brings State Bank of Sikkim under its regulatory purview
The Reserve Bank of India (RBI) has brought the State Bank of Sikkim under its regulation. State Bank of Sikkim It is a state-owned banking institution. The headquarter of the bank is at Gangtok, Sikkim. It operates under the jurisdiction ..
Month: Current Affairs - February, 2021
What is Credit Default Swap?
The Reserve Bank of India revealed the credit default swaps (CDS) and has allowed the retail users to do the transactions in permitted credit derivatives in order to hedge their underlying credit risk. Key Highlights As per the guidelines, the ..
Month: Current Affairs - February, 2021
RBI Data on Bank Credit and Deposits
The Reserve Bank of India (RBI) has recently released its data on the Bank Credit and Deposits. Key findings The data shows that, the Bank credit grew by 5.93 per cent which now accounts for Rupees 5 lakh crore for ..
Month: Current Affairs - February, 2021
Global Hackathon: NPCI PayAuth Challenge
The National Payments Corporation of India (NPCI) has announced to launch ‘NPCI PayAuth Challenge’. It is a global-level hackathon that will be organised to get the alternatives of the authentication of Unified Payments Interface (UPI) transactions. One such alternative options ..