Page-10 of RBI

RBI to set up innovation hub for Financial Sector

August 7, 2020

The Reserve Bank of India has announced that it is setting up an Innovation Hub to promote innovation across the financial sector by utilizing technology for various things. It is going to act as a centre of innovation for the ..

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RBI keeps Repo Rate Unchanged at 4%

August 6, 2020

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the Repo Rate unchanged during the bi-monthly policy review of the apex bank. The MPC is headed by Shaktikanta Das, the Governor of the RBI. The ..

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RBI to extend $400 million Currency Swap Facility to Sri Lanka

July 25, 2020

The Reserve Bank of India has signed all the necessary documents for extending a $400 million currency swap facility to Sri Lanka to boost the island nation’s draining foreign exchange reserves on account of the coronavirus pandemic around the world. ..

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RBI creates Payment Infrastructure Development Fund

June 5, 2020

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is ..

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Monetary Policy Committee meets: Repo rate reduces to 4%

May 23, 2020

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo ..

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Group of Ministers submitted draft proposal on Employment and Skill Development

May 15, 2020

The Group of Ministers Committee formed under the leadership of Social Justice and Empowerment Minister recently submitted its draft proposals on employment and skill development. Proposals made The following proposals were made by the draft The draft has proposed “The ..

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