Page-4 of Reserve Bank of India (RBI) Current Affairs, GK & News

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

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 deficit of 0.9 per cent in FY20. Key findings of report India’s current account deficit ..

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RBI expands Scope of BBPS

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 a biller category. This move will help millions of prepaid phone subscribers across India. Background ..

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CRISIL cuts India’s GDP forecast to 9.5% from 11%

Ratings agency, CRISIL, has cut India’s gross domestic product (GDP) growth forecast from 11 percent to 9.5 percent for fiscal year 2021-2022. Highlights Downward forecast reflects that second covid-19 has hit two engines of growth private consumption and investment. It has thrown Indian economy to most severe contraction since Independence. Pinpricked Growth report As per ..

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RBI Monetary Policy 2021

Reserve Bank of India (RBI) Unveiled its bi-monthly monetary policy and has kept the interest rates unchanged. Highlights Monetary policy opened a Rs 15,000-crore liquidity window for contact-intensive sectors such as hotels and tourism. On the liquidity front, it announced securities purchases of Rs 40,000 crore in June quarter while Rs 1.2 lakh crore in ..

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RBI Annual Report-2021

Reserve Bank of India (RBI) published its annual report and highlights “asset quality of banks and their preparedness requires close monitoring for higher provisioning for upcoming quarters. Background RBI in its semi-annual financial stability report earlier highlighted, bad loan ratio of banks could rise to 13.5% under baseline stress scenario by September 2021. Key findings ..

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