Page-11 of Reserve Bank of India
RBI formulated new regulations framework for Umbrella entity for retail payments
The Reserve Bank of India formulated a new framework for the establishment of a new umbrella entity for retail payments. According to RBI, the entity will be handed over the responsibility of setting up, managing, and operating new payment systems ..
Month: Current Affairs - August, 2020
RBI approves Dividend of Rs 57,000 crore to Government
The Central Board of the Reserve Bank of India has approved the transfer of Rs 57128 crores as the dividend to the Central government for the accounting year 2019-20 while maintaining the contingency risk buffer at 5.5 per cent. What ..
Month: Current Affairs - August, 2020
RBI constitutes a panel for Loan restructuring
The Reserve Bank of India has formed a five-member committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations regarding the financial parameters to be considered in the structuring of loans impacted by the COVID 19 ..
Month: Current Affairs - August, 2020
RBI Consumer confidence Survey: Highlights
According to the Consumer Confidence Survey carried out by the Reserve Bank of India, it has been observed that the consumer confidence has seen the lowest-ever level in July with the citizens becoming more pessimistic regarding their jobs, the income ..
Month: Current Affairs - August, 2020
RBI increases Gold loan amount to 90% of pledged gold value
The Reserve Bank of India has relaxed the norms for gold lending in the country and with this; the lenders can now give loans up to the value of 90% of the total value of gold. Previously, this was 75% ..
Month: Current Affairs - August, 2020
RBI to set up innovation hub for Financial Sector
The Reserve Bank of India has announced that it is setting up an Innovation Hub to promote innovation across the financial sector by utilizing technology for various things. It is going to act as a centre of innovation for the ..
Month: Current Affairs - August, 2020
RBI keeps Repo Rate Unchanged at 4%
The Monetary Policy Committee of the Reserve Bank of India has decided to keep the Repo Rate unchanged during the bi-monthly policy review of the apex bank. The MPC is headed by Shaktikanta Das, the Governor of the RBI. The ..
Month: Current Affairs - August, 2020
RBI to extend $400 million Currency Swap Facility to Sri Lanka
The Reserve Bank of India has signed all the necessary documents for extending a $400 million currency swap facility to Sri Lanka to boost the island nation’s draining foreign exchange reserves on account of the coronavirus pandemic around the world. ..
Month: Current Affairs - July, 2020
Shyam Srinivasan Re-Appointed as Federal Bank MD & CEO
The Reserve Bank of India has approved the re-appointment of Shyam Srinivasan as the MD-CEO of the bank with effect from September 23, 2020, and it will continue till September 22, 2021. The bank has already received this approval on ..
Month: Current Affairs - July, 2020
20-member “Usha Thorat Committee” formed
On July 10, 2020, 20-member advisory committee under the leadership of former deputy governor of Reserve of Bank of India, Usha Thorat was formed. Highlights The Securities and Exchange Board of India revamped its committee that advises capital market regulator ..
Month: Current Affairs - July, 2020