RBI Current Affairs, GK & News

RBI announces Second Tranche of purchase under G-SAP 1.0

The Reserve Bank of India recently announced that the second tranche of open market purchase of Government Securities is to be held on May 20, 2021. This is to be held under G-Sec Acquisition Programme. This second tranche is to be conducted for Rs 35,000 crores. Background In April 2021, the Reserve Bank of India ..

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RBI to conduct first SLTRO for small finance banks

The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks. What is the plan? The RBI will conduct the SLTRO for each month starting from May 2021. This is to continue till October 2021. The SLTRO will be ..

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RBI sets up Committee to assist RRA 2.0

The Reserve Bank of India recently constituted a Committee under the Managing Director S Janaki Raman. The committee is to assist the second Regulatory Review Authority. About the Committee The committee will assist the authority to identify areas, guidelines, regulations and returns. It will submit reports periodically to RRA that will provide suggestions and recommendations. ..

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T Rabi Sankar named RBI deputy governor

The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded B P Kanungo. Rabi Shankar has an M Phil in Economics degree. He was appointed ..

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RBI Guidelines for Tenure of Bank CEOs and MDs

The Reserve Bank of India recently laid down set of instructions to improve the corporate bank governance. RBI Guidelines The post of MD and CEO shall not be held by the same person for more than 15 years. However, they can be reappointed after a cooling period of three years. During the cooling period, the ..

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