Page-2 of RBI Governor
RBI reduces repo rate by 35 basis points to 5.40%
Reserve Bank of India (RBI) in its third Bi-monthly Monetary Policy review for financial year 2019-20 has reduced its key policy rate (repo rate) by an unorthodox 35 basis points to 5.40%. This takes the benchmark lending rate to a ..
Month: Current Affairs - August, 2019
Bimal Jalan led panel defers report on RBI surplus funds
The Reserve Bank of India (RBI) committee led by Bimal Jalan (former RBI governor) constituted for considering guidelines for transfer of central bank’s surplus funds to government delayed submitting its report after lack of consensus among its members. The panel ..
Month: Current Affairs - June, 2019
RBI to create a ‘Specialised Supervisory and Regulatory Cadre’
The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at ..
Month: Current Affairs - May, 2019
Nilekani Panel on Digital Payments submits report to RBI
The Reserve Bank of India (RBI) appointed committee on ‘suggestions on promoting digital payment’ has submitted its report to RBI Governor Shaktikanta Das. The committee was headed by Nandan Nilekani, also known as Aadhaar Architect. Key Highlights Background: In January ..
Month: Current Affairs - May, 2019
Shaktikanta Das: 25th Governor of RBI
India’s former economic affairs secretary and current member of the Finance Commission Shaktikanta Das is to be appointed as next RBI Governor. He will be the 25th Governor of the apex bank of the country. About Shaktikanta Das Shaktikanta Das ..
Month: Current Affairs - December, 2018
Repo rate keeps unchanged at 6.5%
Reserve Bank of India (RBI) in its fifth bimonthly monetary policy review for financial year 2018-19 has decided to maintain status quo in policy rates by keeping repo rate unchanged at 6.5%. The reverse repo rate has also been maintained ..