Topic: Banking Current Affairs
RBI’s Digital Payments Index Rises in September 2023
Reserve Bank of India’s (RBI) Digital Payments Index, a measure of the extent of digitisation of payments across the country, increased to 418.77 in September 2023 from 395.57...
RBI Suspends Paytm Payments Bank’s Core Services
Reserve Bank of India (RBI) has barred Paytm Payments Bank from onboarding new customers and offering services like digital wallets and UPI transactions from March 1, 2024. This...
RBI Proposes Higher 50% Dividend Payout Ratio for Healthy Banks
The Reserve Bank of India has released draft norms allowing banks with strong financial metrics to increase dividend payouts to shareholders up to 50% of profits, from the...
“Trend and Progress of Banking in India” Report
India’s banking sector demonstrated continued positive momentum in recent quarters, with falling bad loans, profitable growth and adequate capital buffers. Declining Bad Loan Ratio The non-performing asset (NPA)...
eSvarna: The First Corporate RuPay Credit Card with UPI
IndusInd Bank has launched a pathbreaking new corporate credit card – eSvarna – on the RuPay network. It is India’s first corporate credit card that allows linking with...
Draft Omnibus Framework for recognising Self-Regulatory Organisations (SROs) for its Regulated Entities (REs)
The Reserve Bank of India (RBI) has released a ‘Draft Omnibus Framework for Recognising Self-Regulatory Organisations (SROs) for its Regulated Entities (REs).’ The draft framework aims to establish...
RBI Introduces Card-on-File Tokenisation Facility Through Banks
The Reserve Bank of India (RBI) has introduced a Card-on-File (CoF) tokenisation facility through banks, enabling cardholders to conveniently create and link tokens to their existing accounts with...
World Bank’s Latest International Debt Report
Developing countries faced an unprecedented financial challenge in 2022, as they spent a staggering $443.5 billion to service their external public and publicly guaranteed debt. The World Bank’s...
Navigating the Currency Demand Paradox: RBI Paper Emphasizes Cybersecurity and Customer Protection
In a recent paper titled ‘Cash versus Digital Payment Transactions in India: Decoding the Currency Demand Paradox,’ the Reserve Bank highlighted the importance of cybersecurity, customer protection, and... Reserve Bank of India Launches Surveys for Monetary Policy Insights
On November 1, the Reserve Bank of India (RBI) announced the introduction of two significant surveys, the ‘Inflation Expectations Survey of Households’ and the ‘Consumer Confidence Survey,’ aimed... RBI Eases Closure Rules for District Central Co-operative Banks
The Reserve Bank of India (RBI) has announced a significant change in its regulations, allowing District Central Co-operative Banks (DCCBs) to close un-remunerative branches without seeking prior permission... 