Page-9 of RBI
RBI approves Dividend of Rs 57,000 crore to Government
The Central Board of the Reserve Bank of India has approved the transfer of Rs 57128 crores as the dividend to the Central government for the accounting year 2019-20 while maintaining the contingency risk buffer at 5.5 per cent. What ..
Month: Current Affairs - August, 2020
15 Proposals worth Rs 6400 Cr Sanctioned for Stressed NBFCs and HFCs
The Finance Ministry has declared that the government has sanctioned 15 proposals worth Rs 6400 crores as part of the Special Liquidity Package, a part of the Rs 20.97 lakh crore ‘Atmanirbhar Bharat’ Package announced by the government. What is ..
Month: Current Affairs - August, 2020
RBI constitutes a panel for Loan restructuring
The Reserve Bank of India has formed a five-member committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations regarding the financial parameters to be considered in the structuring of loans impacted by the COVID 19 ..
Month: Current Affairs - August, 2020
Start-ups come under Priority sector as per new lending norms
The Reserve Bank of India has brought the startups in the country under the purview of priority sector guidelines (PSL), a move that will make it easier for startups to raise funding from the banking sector. As of now, the ..
Month: Current Affairs - August, 2020
RBI Consumer confidence Survey: Highlights
According to the Consumer Confidence Survey carried out by the Reserve Bank of India, it has been observed that the consumer confidence has seen the lowest-ever level in July with the citizens becoming more pessimistic regarding their jobs, the income ..
Month: Current Affairs - August, 2020
RBI increases Gold loan amount to 90% of pledged gold value
The Reserve Bank of India has relaxed the norms for gold lending in the country and with this; the lenders can now give loans up to the value of 90% of the total value of gold. Previously, this was 75% ..