Current Affairs

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RBI relaxes rules for NBFCs to sell or securitise their loan books to ease persistent stress in sector

Reserve Bank of India (RBI) relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books in bid to ease persistent stress in the sector....

November 30, 2018

RBI liberalises norms governing external commercial borrowings for infrastructure creation

Reserve Bank of India (RBI) has liberalised norms governing external commercial borrowings (ECBs) for infrastructure creation. The provisions have been reviewed and decision has been taken in consultation...

November 8, 2018

RBI issues guidelines for facilitating money transfer among e-wallets

Reserve Bank of India (RBI) has issued guidelines for interoperability among prepaid instruments (PPI) such as e-wallets. Inter-operability is technical compatibility that enables payment system to be used...

October 17, 2018

Government opens new series of sovereign gold bonds scheme for subscription

Union Government has opened new series of sovereign gold bonds scheme for subscription. Under this scheme, sovereign gold bonds will be issued every month from October 2018 to...

October 15, 2018

RBI shortlists 5 IT firms for implementation of Centralised information and Management System

Reserve Bank of India (RBI) has shortlisted five IT firms for implementation of Centralised Information and Management System (CIMS) for seamless data collection and validations. These five IT...

September 24, 2018

Mauritius remains top source of FDI into India in 2017-18: RBI

According to Reserve Bank of India (RBI) data, Mauritius was top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore. The total FDI in...

September 3, 2018

Central Board of RBI: Centre appoints Swaminathan Gurumurthy and Satish Marathe as non-official directors

Appointments Committee of Cabinet (ACC) has approved appointment of Chartered Accountant Swaminathan Gurumurthy and businessman Satish Kashinath Marathe as another non-official director on Central Board of Reserve Bank...

August 9, 2018

RBI to pay Rs. 50,000 crore dividend to Government for FY18

The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659...

August 9, 2018

India Post Payments Bank to start operations with 650 branches in August 2018

India Post Payments Bank (IPPB) is expected to go live with 650 branches in addition to 3,250 access points co-located at post offices in August, 2018 following final...

July 31, 2018

RBI to issue new 100 rupee notes in lavender colour

Reserve Bank of India (RBI) will shortly issue new Rs. 100 denomination banknotes in lavender colour in Mahatma Gandhi (New) Series. This comes on back of new designs...

July 20, 2018

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