Page-4 of Reserve Bank of India

Single-block-and-multiple debit in UPI

December 8, 2022

At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..

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RBI Framework on Indian Banks’ Foreign Businesses

December 5, 2022

On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are not specifically permitted in the Indian domestic market. This framework has been ..

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RBI Unveils 4-tiered Regulatory Framework for Urban Cooperative Banks

December 5, 2022

A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning the net worth and capital adequacy of these banks. Why is the ..

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RBI Launches Retail CBDC

December 3, 2022

After successfully launching the wholesale pilot project for central bank digital currency in November, the RBI commenced the retail CBDC pilot project from December 1. About RBI’s Retail CBDC Pilot Project On December 1, the first phase of the retail ..

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Handbook of Statistics on Indian States 2021-22

November 21, 2022

The seventh edition of the Handbook of Statistics on Indian States 2021-22 was released recently by the Reserve Bank of India (RBI). About the report Handbook of Statistics on Indian States 2021-22 seeks to provide comprehensive data about the regional ..

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What are Digital banking units?

October 17, 2022

75 digital banking units were inaugurated by Prime Minister Modi on October 16, 2022. Key facts In the Union Budget 2022-23, the Indian Government announced the setting up of 75 Digital Banking Units (DBUs) in 75 districts across India by ..

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CPI inflation reaches 7.41% in September 2022

October 13, 2022

India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured using the Consumer Price Index (CPI), has increased from 7 per cent ..

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RBI Concept Note on CBDC

October 8, 2022

On October 7 this year, the Reserve Bank of India launched a concept note to raise public awareness about central bank digital currency (CBDC). Key facts The recently released concept note discusses key considerations like technology and design choices, possible ..

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Implementation of Card Tokenization

October 1, 2022

The tokenization of card-based payments will be implemented from October 1, 2022. Key facts The Reserve Bank of India has announced that it will not extend the October 1 deadline for the implementation of the card tokenization. The deadline has ..

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RBI Monetary Policy Committee Meeting – Highlights

September 30, 2022

The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points to 5.90 per cent, which is a ..

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