RBI
RBI gives licenses for 32 payment aggregators
Payment Aggregator is a third-party payment solution provider. For instance, you use YONO SBI to shop on Amazon. Therefore, SBI is an online payment aggregator. Recently, RBI issued licenses to 32 payment aggregators to serve as online payment aggregators. This ..
Tags: online payment • online payment aggregator • payment aggregator • RBI
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
HARBINGER 2023: RBI announces 2nd global hackathon
The Reserve Bank of India recently announced the “HARBINGER-2023”. It is a hackathon. The theme of the hackathon is “Inclusive Digital Services”. Competitors from 22 different countries will participate in the hackathon. This includes Israel, the Philippines, Singapore, Sweden, the ..
Tags: Blockchain • Digital Services • Hackathon • inclusive digital services • RBI
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
MobiKwik launches UPI Payment with RuPay Credit Card
UPI allows users to use multiple bank accounts on the same platform. Till 2022, credit cards couldn’t be used on UPI. In June 2022, the Reserve Bank of India allowed linking credit cards with UPI. Following this, MobiKwik is the ..
Tags: Credit card • NPCI • RBI • RuPay Credit Card • UPI
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
RBI expands scope of TReDS platform
The TReDS is Trade Receivables Discounting System. It facilitates finances for MSMEs. The major drawback of the MSME platform is that they are unable to convert the trade receivables into liquid funds. The TReDS mainly addresses this issue. Trade receivable ..
Tags: factoring business • MSME • RBI • Trade Receivable Discounting System • TReDS
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
RBI,SEBI,and NSE Actions after Adani Row
After the Hindenburg report, Gautham Adani who was the second richest person in the world slipped to the 21st position according to the Bloomberg Billionaires Index. In the last ten days, he lost 108 billion USD. Hindenburg alleged Adani of ..
Tags: Adani • FPO • NSE • RBI • SEBI
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022
Maiden Tranche of Sovereign Green Bonds
The Government of India issues bonds to support environmental projects. These bonds that bring in resources to implement such climate-related projects are called Sovereign Green Bonds. They are similar to government securities. The first tranche, meaning the first part or ..
Tags: Bond Market • Bond yield • Capital • Clean Energy • Climate Action Investment
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022
