Page-3 of Reserve Bank of India (RBI)
RBI’s Revised Bank Locker Rules
The Reserve Bank of India’s revised bank locker rules will come to effect from January 1, 2023. What are the revised bank locker rules? The revised bank locker rules were released by the RBI on August 2021. All the existing ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
Single-block-and-multiple debit in UPI
At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
RBI Framework on Indian Banks’ Foreign Businesses
On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are not specifically permitted in the Indian domestic market. This framework has been ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
RBI Unveils 4-tiered Regulatory Framework for Urban Cooperative Banks
A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning the net worth and capital adequacy of these banks. Why is the ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
RBI Launches Retail CBDC
After successfully launching the wholesale pilot project for central bank digital currency in November, the RBI commenced the retail CBDC pilot project from December 1. About RBI’s Retail CBDC Pilot Project On December 1, the first phase of the retail ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
Handbook of Statistics on Indian States 2021-22
The seventh edition of the Handbook of Statistics on Indian States 2021-22 was released recently by the Reserve Bank of India (RBI). About the report Handbook of Statistics on Indian States 2021-22 seeks to provide comprehensive data about the regional ..
Month: Current Affairs – November, 2022
Category: Reports & Indexes Current Affairs
What are Digital banking units?
75 digital banking units were inaugurated by Prime Minister Modi on October 16, 2022. Key facts In the Union Budget 2022-23, the Indian Government announced the setting up of 75 Digital Banking Units (DBUs) in 75 districts across India by ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs
CPI inflation reaches 7.41% in September 2022
India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured using the Consumer Price Index (CPI), has increased from 7 per cent ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs
RBI Concept Note on CBDC
On October 7 this year, the Reserve Bank of India launched a concept note to raise public awareness about central bank digital currency (CBDC). Key facts The recently released concept note discusses key considerations like technology and design choices, possible ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
RBI Monetary Policy Committee Meeting – Highlights
The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points to 5.90 per cent, which is a ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs