Page-2 of Reserve Bank of India (RBI) Current Affairs, GK & News

India-Singapore announces to link UPI and PayNow

India and Singapore have announced the linking of the Unified Payments Interface (UPI) and PayNow, in order to enable users to make instant, low-cost fund transfers. Highlights The project to link the fast payment systems of both the countries was announced by Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS). This linked ..

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WPI inflation increases to 11.39 per cent in August

The wholesale price-based inflation (WPI) increased marginally to 11.39 per cent in August 2021 due to higher prices of manufactured goods, even though the prices of food articles softened. Highlights Inflation in August got reversed from the easing trend of two months (June and July). WPI remained in double-digit for the fifth consecutive month. In ..

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UPI: 3.55 billion transactions in August

The Unified Payments Interface (UPI) by National Payments Corporation of India (NPCI) recorded more than 3 billion transactions in August 2021. Highlights More than 3 billion transactions were recorded for the second consecutive month in a row. This indicates the increasing trend of adoption of digital payments by consumers amid the Covid-19 pandemic. UPI recorded ..

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RBI to launch Trial Project of CBDC by December

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, RBI is set to launch the trial program of its digital currency by December 2021. Highlights Currently, RBI is working on bringing its Central Bank Digital Currency (CBDC) in a phased manner. RBI is working on CBDC carefully because it is a new product for ..

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N. S. Vishwanathan Panel on Urban Co-operative Banks

Reserve Bank of India had appointed committee headed by N. S. Vishwanathan to make suggestions on structure for the urban cooperative banks (UCBs) Key Points Panel was set up to suggest structure on the basis of deposits, prescribed different capital adequacy as well as regulatory norms for them with respect to their sizes. RBI had ..

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