Page-13 of Reserve Bank of India (RBI)
Financial Literacy Week 2021-Highlights
The Reserve Bank of India (RBI) has launched the Financial Literacy Week (FLW) for the year 2021. The literacy week started from February 8 and it will conclude on February 12, 2021. Financial Literacy Week (FLW)-2021 This year, the Financial ..
Month: Current Affairs - February, 2021
Govt to work with RBI for Privatisation of Banks
Recently the Union Finance Minister, Nirmala Sitharaman, while addressing the business leaders, chartered accountants and tax professionals in Mumbai stated that the central government will work with the Reserve Bank of India (RBI) to execute the plan of the privatization ..
Month: Current Affairs - February, 2021
RBI to adopt “One Nation One Ombudsman” approach
The Reserve Bank of India (RBI) has announced that it will integrate the consumer grievances redressal under a single ombudsman as opposed to the three grievance redressal schemes working at present. Key facts Currently, there are dedicated ombudsman schemes for ..
Month: Current Affairs - February, 2021
RBI to set up a 24×7 helpline for Digital Payment Services
The Governor of Reserve Bank of India, Shaktikanta Das, recently announced that the central bank will set up a 24*7 helpline platform in order to strengthen the digital payment services in India. This announcement was made through the Statement on ..
Month: Current Affairs - February, 2021
RBI to set up Expert Committee on Urban co-op Banks
The Reserve Bank of India (RBI) has recently decided to set up an expert committee on Urban Co-operative Banks (UCBs). Highlights The committee would involve all the stakeholders so as to provide a medium-term road map. The medium-term roadmap in ..
Month: Current Affairs - February, 2021
RBI Monetary Policy Committee Meeting- Key Highlights
The Monetary Policy Committee of the central bank recently held its meeting on February 3 to February 5, 2021 to discuss the current macroeconomic financial developments in India. Key Decisions by the committee The committee has decided to keep the ..
Month: Current Affairs - February, 2021
RBI makes Risk-Based Internal Audit Mandatory
The Reserve Bank of India (RBI) on has introduced a risk-based internal audit (RBIA) system. It has made it mandatory for select non-banking financial companies and urban co-operative banks (UCBs). What has changed now? As per the norms, all the ..
Month: Current Affairs - February, 2021
4-tier structure for Tighter Regulation of NBFCs
The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of regulation and supervision has been entrusted with the Department of Non-Banking Supervision ..
Month: Current Affairs - January, 2021
RBI Financial Stability Report
The Reserve Bank of India recently released to the financial stability report for December 2020. This is the 22nd issue of financial stability report of the apex bank. It is released twice a year. Key Findings of the Financial Stability ..
Month: Current Affairs - January, 2021
RBI Working Group on Digital Lending
The Reserve Bank of India recently constituted a working group on digital lending. The working group was constituted to study all aspects of digital lending activities in the regulated and regulated financial sector. The working group will ensure that an ..