Reserve Bank of India (RBI) Current Affairs, GK & News
On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are not specifically permitted in the Indian domestic market. This framework has been implemented with immediate effect. What are the key features of the framework? The framework allows ..
A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning the net worth and capital adequacy of these banks. Why is the four-tiered framework needed? The previous regulatory framework classified USCs into Tier I and Tier II. ..
After successfully launching the wholesale pilot project for central bank digital currency in November, the RBI commenced the retail CBDC pilot project from December 1. About RBI’s Retail CBDC Pilot Project On December 1, the first phase of the retail e-rupee pilot project was launched. It initially covers four cities – Mumbai, New Delhi, Bengaluru, ..
The seventh edition of the Handbook of Statistics on Indian States 2021-22 was released recently by the Reserve Bank of India (RBI). About the report Handbook of Statistics on Indian States 2021-22 seeks to provide comprehensive data about the regional economies of India. It covers sub-national statistics on socio-demographics, state domestic product, agriculture, price and ..
Category: Reports & Indexes Current Affairs
75 digital banking units were inaugurated by Prime Minister Modi on October 16, 2022. Key facts In the Union Budget 2022-23, the Indian Government announced the setting up of 75 Digital Banking Units (DBUs) in 75 districts across India by the Scheduled Commercial Banks. The launch commemorates the 75th anniversary of Indian independence. A digital ..
India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured using the Consumer Price Index (CPI), has increased from 7 per cent in August to 7.4 per cent in September this year. CPI inflation in the January-March ..
Category: Economy & Banking Current Affairs - 2022