Page-5 of Reserve Bank of India

Banking System Liquidity turns to deficit mode

September 25, 2022

Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore. On the same day ..

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RBI asks large UCBs to set up Board-approved policy, compliance function

September 20, 2022

The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central bank has asked the urban cooperative banks with more than Rs.10,000 crore ..

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Amendment of Foreign Trade Policy of India for Rupee Settlement

September 19, 2022

The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently amended Foreign Trade Policy of India allows international trade invoicing, payment and ..

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RBI: Increased housing loan limit for Co-op Banks

June 11, 2022

On June 8, 2022, The Reserve Bank of India (RBI) has increased the limit two times on housing loans from cooperative banks. Highlights RBI has also permitted the Rural Cooperative Banks (RCB) for financing residential real estate projects, in a bid to ..

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RBI Annual Report 2021-22: Highlights

May 31, 2022

In its annual report that has been released by the Reserve Bank of India (RBI), the central bank has highlighted that the Indian economy will most likely bounce back despite the present global risks. What are the various key highlights ..

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RBI Norms for Setting Up of Bharat Bill Payment Operating Units

May 28, 2022

The Reserve Bank of India has eased the norms for non-bank entities for setting up Bharat Bill Payment operating units by reducing the net worth that is required to Rs 25 crore. This was done with the aim of encouraging ..

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RBI: Panel on Customer Service Standards in Banks, NBFCs

May 24, 2022

On the 23rd of May 2022, the Reserve Bank of India (RBI) announced that a committee has been set up to evaluate the adequacy, effectiveness, and quality of customer service in NBFCs, banks, and other entities that are regulated by ..

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RBI: Cardless cash withdrawal facilities at all ATMs

May 23, 2022

The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) across all ATMs in the country. How does this ..

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New Member of Monetary Policy Committee (MPC)

May 5, 2022

The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by ..

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What are new Guidelines issued by RBI on Issuance of Credit and Debit Cards?

April 23, 2022

On 21st April 2022, the Reserve Bank of India (RBI) issued a fresh set of guidelines for the issuance of debit and credit cards. These newly issued guidelines will come into effect from July 1 2022 and will be applicable ..

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