Page-4 of Reserve Bank of India (RBI)

Banking System Liquidity turns to deficit mode

September 25, 2022

Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore. On the same day ..

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RBI asks large UCBs to set up Board-approved policy, compliance function

September 20, 2022

The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central bank has asked the urban cooperative banks with more than Rs.10,000 crore ..

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Amendment of Foreign Trade Policy of India for Rupee Settlement

September 19, 2022

The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently amended Foreign Trade Policy of India allows international trade invoicing, payment and ..

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RBI Regulatory Framework for Digital Lending

August 12, 2022

Recently, the Reserve Bank of India (RBI) released regulatory framework for digital lending, in a bid to mitigate the concerns related to credit delivery through digital lending methods. RBI has specifically mentioned that, lending business can only be done by ..

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RBI proposes for Cross-border inward payments through BBPS

August 9, 2022

Recently, the Reserve Bank of India proposed to allow Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments. This will help the Non-resident Indians (NRIs) who face challenges in paying utility bills in India. If proposal is accepted, ..

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RBI Monetary policy committee (MPC) Meeting- Highlights

August 6, 2022

The Monetary Policy Committee (MPC) held meeting on August 5, 2022. On the basis of assessment of current and evolving macroeconomic situation, MPC has decided to: Hike policy repo rate by 50 basis points, under liquidity adjustment facility (LAF). Repo ..

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UPI: 6 billion transactions in July 2022

August 2, 2022

The National Payments Corporation of India (NPCI) recently released data on Unified Payments Interface (UPI). According to this, UPI crossed more than 6 billion transactions in July 2022. It is the highest since UPI platform was launched in 2016. Key Findings ..

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RBI: Relaxations in Card Storage Norms

July 30, 2022

Reserve Bank of India (RBI) recently revised its guidelines on payment aggregators as well as reopened the window to grant licences until September 30, 2022. Before the new guidelines, online non-bank payment aggregators (PAs) were needed to apply to RBI ..

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Bandhan Bank opens currency chest in Deedargunj

July 29, 2022

Bandhan Bank recently inaugurated its currency chest in Deedargunj, Patna. It is the first ever currency chest of the Bandhan bank. It will help in cash management for ATMs and branches in Patna. Key features of the currency chest of ..

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IMF World Economic Outlook- Update

July 27, 2022

India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was ..

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