Page-3 of Reserve Bank of India

Reserve Bank of India-Digital Payments Index

February 3, 2023

The RBI constructed the Digital Payments Index to learn about digital payments in the country. The index is calculated based on five parameters namely Payment Enablers, Consumer centricity, payment infrastructure on the demand side, and payment infrastructure on the supply ..

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Maiden Tranche of Sovereign Green Bonds

January 26, 2023

The Government of India issues bonds to support environmental projects. These bonds that bring in resources to implement such climate-related projects are called Sovereign Green Bonds. They are similar to government securities. The first tranche, meaning the first part or ..

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RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks

January 17, 2023

The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background Presently, banks in India are required to make loan loss provisions based ..

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BharatPe Gets Nod for ePayment Aggregator Licence

January 11, 2023

Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The approval was granted to the company’s wholly-owned subsidiary, Resilient Innovations Private Ltd. This comes as ..

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RBI Releases Annual Report on Ombudsman Schemes

January 9, 2023

The Reserve Bank of India (RBI) has released its annual report on the “consumer education and protection activities” carried out during the 2021-2022 financial year as part of its Ombudsman Schemes. The report covers the activities of the three ombudsman ..

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Reserve Bank of India to Issue Sovereign Green Bonds

January 7, 2023

The Reserve Bank of India (RBI) has announced its plans to issue Sovereign Green Bonds worth Rs 8,000 crore in two tranches on January 25 and February 9. The proceeds of the bonds will be used to fund public sector ..

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RBI’s Systemic Risk Survey (SRS)

January 3, 2023

The Reserve Bank of India’s (RBI) latest Systemic Risk Survey (SRS) has shown that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated. The survey, which was conducted in November 2022 and solicited the perceptions ..

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RBI’s Launch of Utkarsh 2.0

January 2, 2023

The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the foundation laid by Utkarsh 2022, which was launched in July 2019 and ..

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Supreme Court Verdict on Demonetisation Case

January 2, 2023

The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..

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RBI’s Revised Bank Locker Rules

December 27, 2022

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 ..

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