Reserve Bank of India (RBI): Current Affairs, GK & News - 2020-2021

RBI Mohanty Panel for Bank License to Large Corporate Houses

Published: November 22, 2020

The Reserve Bank pf India had earlier constructed an Internal Working Group under P K Mohanty. The committee was set up to review ownership guidelines of Indian private sector banks. The committee has submitted a report about the bank licensing in India Key Recommendations Large industrial houses and corporates shall be allowed as promoters of ..

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Why did RBI impose moratorium on Lakshmi Vilas Bank?

Published: November 19, 2020

The Reserve Bank of India recently imposed a moratorium on Lakshmi Vilas Bank of India for a period of thirty days. The apex bank has also drafted a scheme for the merger of the bank. Under the scheme, the Lakshmi Vilas Bank is to be amalgamated with the DBS Bank of Singapore. Why was Lakshmi ..

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Kris Gopalakrishnan appointed the first Chairperson of Reserve Bank Innovation Hub

Published: November 17, 2020

On November 17, 2020, Kris Gopalakrishnan, the former co-chairman and co-founder of Infosys was appointed as the first Chairperson of Reserve Bank Innovation Hub. He was appointed by the Reserve Bank of India. The Reserve Bank Innovation Hub aims to promote innovation across financial sector. Reserve Bank Innovation Hub The RBI set up the hub ..

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WPI inflation at 1.48% in October 2020; Increased for third consecutive month

Published: November 17, 2020

The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI Food Index fell from 6.92% in September 2020 t0 5.78% in October 2020. The WPI manufacturing increased to 2.12% in October 2020 as compared to 1.61% in ..

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RBI to conduct Special OMOs on 2nd July to Pump up Liquidity

Published: June 30, 2020

On 29th June 2020, the Reserve Bank of India (RBI) has announced that it will be conducting a special Open Market Operations (OMOs) on 2nd July 2020. The Open Market Operations was announced after reviewing the market conditions and evolving liquidity situations in banks. Through this special Open Market Operations, the aim will be to ..

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