Page-8 of Reserve Bank of India
India’s Forex reserves touch all-time high of $612.73 billion
In the week ended 16th July, India’s foreign exchange reserves rose by $835 million to touch a record high margin of $612.73 billion. In the week ended 9th July the reserves had surged to $611.895 billion from $1.883 billion. ..
Month: Current Affairs - July, 2021
‘RBI Retail Direct’ scheme- Highlights
Reserve Bank of India (RBI) introduced “RBI Retail Direct facility” scheme on July 12, 2021. What is Retail Direct Scheme? RBI’s Retail Direct Scheme is a one-stop solution to facilitate investment in Government Securities (G-Sec) by individual investors. Under this ..
Month: Current Affairs - July, 2021
Federal Bank CEO re-appointed
Federal Bank shareholders have approved the motion of re-appointment of Shyam Srinivasan as managing director and chief executive officer (CEO) of the federal bank. Highlights He has been re-appointed CEO for a period of three years, which will come into ..
Month: Current Affairs - July, 2021
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded ..
Month: Current Affairs - May, 2021
RBI’s State of the Economy Report – Update (April, 2021)
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021. Key Findings of the Report The resurgence of COVID-19 might bring back inflationary pressures. Also, the restrictions and disruptions in supply chains ..
Month: Current Affairs - April, 2021
G-sec acquisition programme – G-SAP 1.0
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). The first purchase of Rs ..
Month: Current Affairs - April, 2021
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores ..
Month: Current Affairs - April, 2021
RBI: RTGS could be Expanded Beyond India
Governor of Reserve Bank of India, Shaktikanta Das, while speaking at 7th edition of India Economic Conclave has called for effective regulation which should help innovation in fintech space. Highlights According to RBI Governor, Real-Time Gross Settlement (RTGS) has multi-currency ..
Month: Current Affairs - March, 2021
SC waives Interest in Loan Moratorium Scheme
The Supreme Court of India has refused to interfere with the decision of the government and Reserve Bank of India (RBI) on the loan moratorium scheme declining to extend moratorium period of six-months. Highlights The supreme court has also highlighted ..
Month: Current Affairs - March, 2021
RBI imposes Rs 2 crore penalty on SBI
The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2 crore after it failed to follow the regulations in payment of remuneration ..