Page-5 of Reserve Bank of India (RBI)
RBI: Four-tiered regulatory for Urban Cooperative Banks
On July 19, 2022, a simple four-tiered regulatory framework was adopted by the Central Bank, for Urban Co-operative Banks (UCBs). Key Facts The RBI adopted the framework on the basis of size of deposits. This move is aimed at strengthening their financial ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs
Rise in ECB limit under Automatic Route
On July 6, 2022, the Reserve Bank of India (RBI) has liberalised the norms further in order to increase foreign exchange inflows. Key Facts The central bank has also increased the borrowing limit for ECB under automatic route by two ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs
RBI: New guidelines for payment activities
The Reserve Bank of India (RBI) issued new guidelines for payment activities in India. Guidelines were issued under Section 10 (2) & Section 18 of “Payment and Settlement Systems Act of 2007”. What are the new directives? Non-bank payment system ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs
RBI extends deadline for tokenisation of debit and credit cards
Reserve Bank of India (RBI) has extended the timeline for tokenisation of debit and credit cards by three months. Tokenisation can now be done till September 30, 2022. Key Points This decision was taken in consultation with stakeholders, in order ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs
RBI: ‘Payments Vision 2025’ Document
On June 17, 2022, the Reserve Bank of India (RBI) released its vision on architecture of digital finance, in a document for payments systems. Payment Vision 2025 document The document includes: Regulations for BigTechs and fintechs in payments Guidelines on payments ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs
RBI’s Caution against Carpooling app ‘sRide’
On February 23, 2022, the Reserve bank of India (RBI) cautioned public against carpooling app sRide. Why RBI caution against sRide App? RBI caution against sRide App, stating that this firm was operating a semi-closed pre-paid instrument, without receiving authorization ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy Update
On February 10, 2022, RBI’s Monetary Policy Committee (MPC) kept key interest rates unchanged. It retained the accommodative stance in its first policy after Union Budget 2022. Key Facts This is the tenth consecutive time that, MPC has maintained the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
Redemption of Sovereign Gold Bonds
Reserve Bank of India (RBI) announced redemption price for the premature redemption of Sovereign Gold Bonds (SGBs), which was due on February 8, 2022. Key Facts The redemption price was Rs 4,813 per unit. It is around 85% premium from its issue ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
What are Sovereign Green Bonds?
During the Union Budget presentation, the Finance Minister Nirmala Sitaraman announced the issuance of “Green bonds”. These bonds are to be issued to mobilise green infrastructure resources. What are green bonds? Green bonds are debt instruments. The money collected by ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs
Conversion or Switch operations
The Government of India recently held conversion operation. It is also called Switch operation. Under the operation, the government bought back securities from the Reserve Bank of India. These government securities were maturing in 2022-23, 2023-24 and 2024-25. These securities ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs