Page-6 of Topic: RBI
RBI to set up innovation hub for Financial Sector
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....
RBI keeps Repo Rate Unchanged at 4%
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... RBI to extend $400 million Currency Swap Facility to Sri Lanka
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...
RBI creates Payment Infrastructure Development Fund
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...
Monetary Policy Committee meets: Repo rate reduces to 4%
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...
Group of Ministers submitted draft proposal on Employment and Skill Development
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...
RBI launched a 50,000 Crore INR Liquidity Window to support Mutual Funds
The RBI has announced a special liquidity window of 50,000 crore INR for mutual funds in light of Franklin Templeton closing down 6 of its debt funds due...
International Financial Services Centre Authority established by GoI
The Government of India has established International Financial Services Centre Authority. The headquarters of the authority is to be established in Gandhinagar, Gujarat. Highlights The Authority was established... RBI announces Special Liquidity Mutual Funds worth Rs 50,000 crores
On April 27, 2020, the Reserve Bank of India announced the special liquidity facility for mutual funds of Rs 50,000 crores. The Reserve Bank of India is increasing...Ways and Means Advances
The RBI announced a 60% increase in WMA limit over the March levels for state governments to enable COVID-19 containment and mitigation efforts and plan their market borrowings....
RBI cuts Reverse Repo rate to 3.75%, Rs 50,000 crores for LTRO 2.0
On April 17, 2020, the Reserve Bank of India announced a slew of measures after GoI extended the lock down till May 3, 3030. The Apex bank cut... 