Page-24 of Reserve Bank of India (RBI)
What is KV Kamath Committee?
The Reserve Bank of India had constituted a five-member expert committee under KV Kamath. He was the former CEO of ICICI Bank. The apex bank recently notified that it is to cover twenty-six stressed sectors under the TLTRO (Targeted Long-Term ..
Month: Current Affairs - December, 2020
Asian Development Outlook
The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in the fiscal year 2020-21. Earlier it was estimated by the bank that ..
Month: Current Affairs - December, 2020
What is Repo Rate?
Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the monetary authorities to control inflation. The Monetary Policy Committee (MPC) of the ..
Month: Current Affairs - December, 2020
Digital Payment Security Controls Direction
The RBI is to introduce digital payment security control directions for regulated entities to improve the security of digital payment channels and also to improve the consumer service. This announcement comes after the central bank temporarily barred the largest private ..
Month: Current Affairs - December, 2020
Liquidity Adjustment Facility
Recently, the Reserve Bank of India (RBI) has decided to extend liquidity adjustment facility (LAF) to Regional Rural Banks (RRB) to make liquidity management more efficient. The LAF was introduced in RBI in 1998 based on the recommendations of Narasimham ..
Month: Current Affairs - December, 2020
What is V-Shaped Recovery?
A V-shaped recovery is a type of economic recession and recovery that resembles the shape of alphabet V in charting. A V-shaped recovery involves a sharp revival of the economy to the previous peak after a sharp decline. The Finance ..