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 the recent two-day meeting of Reserve Bank of India’s (RBI’s) Central Board which was held ..

Month: Current Affairs - May, 2019

Category: Economy & Banking Current Affairs

Topics: IL&FS • Medium Term Strategy Document • NBFC • Non-Banking Financial Companies • RBI Governor • RBI’s Central Board Meeting • RBI’s Mission and Vision Statements • Reserve Bank of India • Shaktikanta Das • Specialised Supervisory and Regulatory Cadre

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 2019 RBI had set up a five-member panel headed by Nilekani, on deepening digital payments ..

Month: Current Affairs - May, 2019

Category: Economy & Banking Current Affairs

Topics: Aadhaar Architect • Centre for Innovation • Digital India • Digitisation of Payments • Incubation & Entrepreneurship • Nandan Nilekani • Nilekani Panel on Digital Payments • Payment And Settlement Systems In India: Vision 2019 – 2021 • RBI • RBI Governor • Reserve Bank of India • Shaktikanta Das

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 is a 1980 batch IAS officer of Tamil Nadu Cadre and a very prominent bureaucrat ..

Month: Current Affairs - December, 2018

Topics: Banking • RBI • RBI Governor • Reserve Bank of India • Shaktikanta Das • Urjit Patel

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 at 6.25%.  This decision was taken by RBI’s six member Monetary Policy Committee (MPC) headed ..

Month: Current Affairs - December, 2018

Topics: Banking • Monetary Policy review • Policy Rates • RBI • RBI Governor • Repo Rate • Reserve Bank of India • Urjit Patel

RBI Governor Urjit Patel appointed to Financial Stability Institute Advisory Board

RBI Governor Urjit Patel was appointed to Financial Stability Institute Advisory Board (FSAB) or Bank of International Settlement (BIS). BIS is international financial organisation owned by 60 member central banks across world. The Financial Stability Institute (FSI) of BIS assists financial sector authorities worldwide in strengthening their financial systems. Since beginning of 2017, FSI has ..

Month: Current Affairs - November, 2017

Category: Awards, Persons & Places in News

Topics: Bank of International Settlement • Banking • Financial Stability Institute Advisory Board • National • Persons in News • RBI Governor • Urjit Patel