Page-17 of Reserve Bank of India (RBI)
Banking Services made Public Utility Services
The Government of India has declared banking industry as public utility service till October 21. The order has been issued under provisions of Industrial Disputes Act. Highlights The banking services have been brought under the Industrial Disputed Act in order ..
Month: Current Affairs - April, 2020
RBI: CPI Inflation to ease from 4.8% to 4.4% in Q2
On April 9, 2020, the Reserve Bank of India projected that the consumer Price Index is to ease from 4.8% in Q1 to 4.4% in Q2 of the financial year 2020-21. Highlights The estimated easing of CPI implies that the ..
Month: Current Affairs - April, 2020
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is ..
Month: Current Affairs - March, 2020
SIDBI launches “Swavalamban Express” to promote business aspirants
On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various ..
Month: Current Affairs - March, 2020
What is Forex Swap and LTRO suggested by RBI governor to support Liquidity in India?
The RBI Governor recently stated that the apex bank has several armoury of weapons and it will not hesitate to deploy them. Two of the measures suggested by the governor are Forex Swap and LTRO (Long Term Repo Operation). This ..
Month: Current Affairs - March, 2020
RBI launches MANI application for visually challenged
On January 01, 2020, the Reserve Bank of India launched the MANI application for visually challenged persons to identify new currency notes that were launched after demonetization. MANI is Mobile Aided Note Identifier. Highlights MANI application scans currency notes using ..
Month: Current Affairs - January, 2020
RBI set up Task Force on Secondary Market for Corporate Loans
The Reserve Bank of India (RBI) constituted a task force on secondary market development in corporate loans. About Task Force on Development of Secondary Market for Corporate Loans Composition: It is a six-member body and is headed by Canara Bank ..
Month: Current Affairs - May, 2019
Harsh Vardhan Committee: on Housing Finance Securitisation Market Development
The Reserve Bank of India (RBI) constituted a committee under Harsh Vardhan, to review existing state of mortgage securitisation in India and suggest measures to develop market further. About Committee on Development of Housing Finance Securitisation Market Composition: The committee ..
Month: Current Affairs - May, 2019
RBI proposes Guidelines for Large NBFC
The Reserve Bank of India (RBI) released a draft circular titled ‘Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs). RBI after analysing recent developments in NBFC sector proposed a set of guidelines for large Non-Banking Financial Companies ..
Month: Current Affairs - May, 2019
Nilekani Panel to strengthen the Digital Payments Ecosystem
The Reserve Bank of India (RBI) has constituted a high-level committee under Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. Members of the Committee Nandan Nilekani will be the head of ..