Page-6 of Reserve Bank of India
What are New LEI Guidelines by RBI?
The guidelines on Legal Entity Identifier (LEI) for large borrowers of Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs) have been extended by the Reserve Bank of India (RBI). Overview: The RBI has further advised that any non-individual ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
RBI State of the Economy Report
The Reserve Bank of India (RBI) in its ‘State of the economy’ report cautioned that the surging commodity prices are causing inflation risks, especially through the surging of imports. The ever-growing widening of current and trade account deficits along with ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
Retail Inflation and IIP in March
In March, the annual retail inflation of India rose to a 17-month high while there was a contraction in the factory output in February, thus complicating the policy choices of the nation’s central bank. Overview: The National Statistical Office (NSO) ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
RBI Draft Norms for Trade via E-commerce
The Reserve Bank of India has proposed to modify the existing norms that are in place with the aim of rationalizing and simplifying the process for payment settlement for imports and exports through e-commerce. Overview: The draft guidelines named ‘Processing ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
RBI: Cash Withdrawal via UPI
A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified Payment Interface (UPI) irrespective of the bank. Overview: This decision was made ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
RBI Guidelines on Digital Banking Units
The Reserve Bank of India (RBI) has recently released guidelines for the banks of the country to set up digital banking units (DBUs). An announcement regarding the setting up of 75 DBUs in 75 districts was made in the Union ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
RBI Monetary Policy April 2022- Highlights
The Reserve Bank of India led by Governor Shaktikanta Das has released the monetary policy update for April 2022. Policy Rates The Policy Repo Rate has been kept unchanged at 4 percent. The Marginal Standing Facility (MSF) rate remains unchanged ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
What is Positive Pay System?
The guidelines for the implementation of the Positive Pay System were issued by the RBI for the banks of the country. From 1st January 2021, this system has been implemented to safeguard banks against any cheque frauds. Overview: The National ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
Varnika: BRBNMPL Ink Manufacturing Unit
Reserve Bank of India’s wholly-owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up an Ink Manufacturing Unit named “Varnika” at Mysuru, Karnataka. This new unit was dedicated to the nation by RBI governor Shaktikanta Das. Overview: ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs • Important Days & Events Current Affairs
Geo-Tagging of Payment System Touch Points
The framework that is related to geo-tagging of payment system touch points has been released by the Reserve Bank of India (RBI). Overview: This framework has been created as a part of RBI’s objective of deepening digital payments along with ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs