Page-15 of Reserve Bank of India (RBI)

Deposit Insurance Credit Guarantee Corporation Bill 2021 to be introduced

July 29, 2021

On 28th July, 2021, the Union Cabinet cleared changes to the deposit insurance laws of the country. According to these changes up to Rs 5 lakh of funds will be provided to an account holder within 90 days in the ..

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India: 5th largest Forex reserve holder in the world

July 20, 2021

As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS ..

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Bank staff in sensitive operations to get surprise leave

July 12, 2021

Under Modified Risk Management guidelines of Reserve Bank of India (RBI), Bankers working in sensitive positions such as treasury operations and currency chests, will get surprise holiday of at least 10 working days in a single spell per year. Highlights ..

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RBI asks banks to stop Libor soon

July 10, 2021

Reserve Bank of India (RBI) issued an advisory to banks and other financial institutions to be prepared for year-end transition from London Interbank Offered Rate (Libor). Transition from Libor Global transition from Libor became necessary because banks were manipulating rate ..

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RBI Report: India’s Current Account surplus of 0.9% of GDP in FY21

July 1, 2021

As per data released by Reserve Bank of India (RBI), India has reported a current account surplus of 0.9 per cent of GDP in the Financial Year 2021 (FY21) amid the covid-19 pandemic. In 2020, it has reported current account ..

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RBI expands Scope of BBPS

June 15, 2021

Reserve Bank of India on has expanded the scope of Bharat Bill Payment System (BBPS) which will be effective from August 31, 2021. How scope has been expanded? Scope of BBPS has been expanded by adding ‘mobile prepaid recharges’ as ..

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