Reserve Bank of India (RBI) Current Affairs, GK & News

RBI report on State Finances: A Study of Budgets of 2021 – 22

The Reserve Bank of India recently released its report on “State Finances: A Study of Budgets of 2021 – 22”. According to the report, the combined debt – to – GDP ratio of states is to remain at 31% till March 2022. This is worrying as the set target was 20%. Key Findings The report ..

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RBI’s new norms for Private banks- Highlights

On November 26, 2021, Reserve Bank of India (RBI) released new norms for Private Banks. Highlights Under the new norms, RBI has accepted the suggestion to increase cap on stake of promoters in banks from 15 percent to 26 percent. However, it is still examining if industrial houses should be allowed to run banks in ..

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RBI: Banks to place consumer education info on websites

The Reserve Bank of India (RBI) issued a set of clarifications on November 12, 2021 regarding its existing asset classification guidelines. Under the guidelines, banks have been asked to specify the exact due dates of repayment in loan agreements. Highlights As per current norms, loan turns overdue in case it is not repaid on the ..

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PM launches two RBI initiatives for investors

Prime Minister Narendra Modi launched two customer-centric initiatives of the Reserve Bank of India (RBI) for investors on November 12, 2021. Key Points The two initiatives are- RBI Retail Direct Scheme and Reserve Bank – Integrated Ombudsman Scheme. With the launch of these scheme, India has opened up Government bond market for retails investors. Significance ..

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‘HARBINGER 2021 – Innovation for Transformation’ – RBI’s first global hackathon

Reserve Bank of India (RBI) is set to organise its first global hackathon called ‘HARBINGER 2021–Innovation for Transformation’ focusing on digital payments. Key Points The global hackathon will be organised under theme of ‘Smarter Digital Payments’. It will witness participants to identify and develop solutions which can be used: To make digital payments accessible to ..

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