Page-3 of Banking Current Affairs – Page 3

Future of Money Report

A report titled “Future of Money” by venture capital firm Blume Ventures suggests that Central Bank Digital Currencies (CBDCs) have the potential to replace physical cash in the...

September 14, 2023 Economy & Banking Current Affairs

RBI Encourages Fintech Self-Regulatory Organizations (SROs) for Ethical Practices

Reserve Bank of India (RBI) Governor Shaktikanta Das has called upon fintech entities to establish Self-Regulatory Organizations (SROs). He emphasizes the need for SROs in the fintech sector...

September 9, 2023 Economy & Banking Current Affairs

RBI to Phase Out Incremental Cash Reserve Ratio (I-CRR)

The Reserve Bank of India (RBI) has announced the phased discontinuation of the Incremental Cash Reserve Ratio (I-CRR), introduced on August 10, 2023. Following a review, the RBI...

September 9, 2023 Economy & Banking Current Affairs

NPCI Introduces Innovative Digital Payment Products for Inclusive Ecosystem

The National Payments Corporation of India (NPCI) has introduced a suite of groundbreaking digital payment products, unveiling them during the Global Fintech Fest 2023 in Mumbai. This initiative,...

September 7, 2023 Economy & Banking Current Affairs

UPI QR Code-Central Bank Digital Currency interoperability

The Reserve Bank of India (RBI) is spearheading an innovative move towards interoperability between Unified Payments Interface (UPI) Quick Response (QR) codes and Central Bank Digital Currency (CBDC)....

September 6, 2023 Economy & Banking Current Affairs

One-Hour Trade Settlement

The Securities and Exchange Board of India (SEBI) has announced plans to introduce one-hour trade settlement by March 2024, a significant development in the country’s financial market infrastructure....

September 6, 2023 Economy & Banking Current Affairs

Committee of Experts to ‘Onshoring the Indian Innovation to GIFT IFSC

The International Financial Services Centres Authority (IFSCA) received a report from the “Committee of Experts to Onshoring the Indian Innovation to GIFT IFSC.” The committee, chaired by Shri...

August 26, 2023 Economy & Banking Current Affairs

‘Mera Bill Mera Adhikaar’ Initiative

The government has announced the launch of the ‘Mera Bill Mera Adhikaar’ initiative, aimed at fostering a culture of customers requesting invoices for all purchases. Starting on a...

August 25, 2023 Economy & Banking Current Affairs

RBI Sets Guidelines for Penal Charges on Loan Defaults

The Reserve Bank of India (RBI) has issued guidelines to lenders, directing them to categorize penalties for borrower defaults as ‘penal charges’ rather than ‘penal interest.’ The RBI’s...

August 19, 2023 Economy & Banking Current Affairs

RBI Mandates Flexible Options for Personal Loan Borrowers

The Reserve Bank of India (RBI) has directed regulated entities, including banks and NBFCs, to provide personal loan borrowers the flexibility to switch from floating to fixed rate...

August 19, 2023 Economy & Banking Current Affairs

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