Reserve Bank of India (RBI)
“Depositor Education and Awareness” (DEA) Fund
Unclaimed deposits in the banking sector have been a persistent concern, prompting regulatory bodies to take proactive steps to protect consumer interests. The Reserve Bank of India (RBI) established the Depositor Education and Awareness (DEA) Fund Scheme in 2014 to ..
Month: Current Affairs - July, 2023
Category: Economy & Banking Current Affairs
RBI Guidelines on OTS
The Reserve Bank of India (RBI) has recently introduced significant changes to the regulations governing one-time settlements (OTS) and technical write-offs of loans. The RBI has issued detailed guidelines aimed at streamlining the process and ensuring greater accountability in these ..
Month: Current Affairs - June, 2023
Category: Economy & Banking Current Affairs
RBI Guidelines on Default Loss Guarantee
The Reserve Bank of India (RBI) has taken a significant step by allowing a ‘first loss default guarantee’ (FLDG) arrangement between regulated entities and lending service providers. This move aims to enhance the digital lending sector and mitigate credit risks ..
Month: Current Affairs - June, 2023
Category: Economy & Banking Current Affairs
Antardrishti Dashboard
RBI Governor Shaktikanta Das recently launched a financial inclusion dashboard called ‘Antardrishti’, marking a significant step towards promoting financial inclusion in India. This innovative tool aims to provide valuable insights for assessing and monitoring the progress of financial inclusion by ..
Month: Current Affairs - June, 2023
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Draft Master Directions on Cyber Resilience and Digital Payment Security Controls for PSOs
The Reserve Bank of India (RBI) has recently made an important move in the field of cyber resilience and digital payment security. They have released the draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System ..
Month: Current Affairs - June, 2023
Category: India Nation & States Current Affairs
Currency Demand Paradox
The currency demand paradox, often referred to as the “paradox of banknotes,” is a phenomenon where the value of banknotes in circulation increases despite a decline in their use for payments. This intriguing trend has been observed in several nations ..
Month: Current Affairs - June, 2023
Category: Economy & Banking Current Affairs
Expected Loss-based Approach for Bad Loan Provisioning
The Reserve Bank of India (RBI) has outlined its plans for the upcoming financial year, 2023-24. Among the proposed measures to strengthen the bad loan resolution ecosystem is the introduction of an expected loss-based approach for provisioning. This method allows ..
Month: Current Affairs - May, 2023
Category: Economy & Banking Current Affairs
Lightweight Payment and Settlement System
The Reserve Bank of India (RBI) is paving the way for a lightweight payment and settlements system, which it aptly calls a “bunker.” The Purpose of the Lightweight Payment System The RBI envisions the lightweight payment system as a means ..
Month: Current Affairs - May, 2023
Category: Economy & Banking Current Affairs