Page-12 of Reserve Bank of India

Indian Air Force SASO conference inaugurated

July 3, 2020

On July 2, 2020, the Indian Air Force Senior Air Staff Officers (SASO) conference was inaugurated by Chief of air staff and air chief marshal. Highlights The conference was conducted through video conferencing. It is the first time the Air ..

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RBI releases International Investment Position

July 1, 2020

On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose by 19 billion USD and the portfolio investment declined by 13.7 billion ..

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Lifetime Achievement Award to Ex-RBI Governor Rangarajan

June 30, 2020

On June 29, 2020, former RBI Governor C Rangarajan was conferred with lifetime achievement award for his contributions. The award was presented on the side lines of celebration of Statistics Day. About C Rangarajan Rangarajan was born in 1932. He ..

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GoI introduces Floating Rate Savings Bonds

June 27, 2020

On June 26, 2020, the Government of India introduced Floating Rate Savings Bonds. Highlights The bond is to replace savings bonds that were offered by GoI till May 28, 2020. The operational guidelines and the details of the bond are ..

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Cooperative Banks brought under RBI

June 25, 2020

On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. ..

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Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

June 24, 2020

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as ..

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India becomes 12th Largest Holder of US Government Securities at April 2020 end

June 22, 2020

Despite low returns, the Treasury Securities (are of four types- Bills, Notes, Bonds, Inflation-Protected Securities) backed by the United States Treasury Department is one of the safest assets for any Central Bank around the world. With USD 157.4 billion at ..

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RBI extends restrictions on PMC Bank, eases Withdrawal Limit

June 20, 2020

The Reserve Bank of India on 19th June 2020 has extended the regulatory restrictions imposed on the multi-state urban Cooperative Bank, Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) by another 6 months. As per the earlier notice dated March ..

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RBI extends authorization issued to Vakrangee to own and operate WLA

March 21, 2020

The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India. The validity of authorization has been extended till 31 ..

RBI conducts OMO for purchase of Rs 10,000 crore worth government securities

March 21, 2020

The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities. This important step of the central bank has been announced at the backdrop of the increased ..