Page-26 of Reserve Bank of India (RBI)

RBI to conduct Special OMOs on 2nd July to Pump up Liquidity

June 30, 2020

On 29th June 2020, the Reserve Bank of India (RBI) has announced that it will be conducting a special Open Market Operations (OMOs) on 2nd July 2020. The Open Market Operations was announced after reviewing the market conditions and evolving ..

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Cabinet Approves Ordinance to bring UCBs and MSCBs under RBI supervision

June 24, 2020

The decision to bring Urban Cooperative Banks (UCBs) and Multi-State Cooperative Banks (MSCBs) under the supervision of India’s Central Bank- the Reserve Bank of India (RBI) was taken on 24th June 2020 during a meeting of the Union Cabinet. The ..

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Advisory Panel on Insolvency and Bankruptcy Board of India (IBBI) reconstituted

June 15, 2020

The Government of India recently reconstituted the advisory panel on corporate insolvency resolution and liquidation process. Highlights The IBBI recently reconstituted advisory panel by inducting four members. The committee was constituted in 2017 and is chaired by a noted banker ..

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RBI sets up P K Mohanty Panel to Review Ownership of Private Banks

June 13, 2020

On June 12, 2020, the Reserve Bank of India has constituted an internal working group. The working group is to review guidelines of ownership of private sector banks. Highlights The panel constituted by the apex bank is to examine regulations ..

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RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets

June 11, 2020

The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, ..

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RBI creates Payment Infrastructure Development Fund

June 5, 2020

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is ..

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