Page-6 of Reserve Bank of India (RBI)
Banking on electric Vehicles in India Report
The NITI Aayog has suggested including electric vehicles in the priority sector of lending guidelines of RBI. This will give a push to retail lending of electric vehicles. According to the report released by NITI Aayog, the financing market size ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
RBI’s Digital Payment Index
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online ..
Month: Current Affairs - January, 2022
Category: Reports & Indexes Current Affairs
India’s Retail Inflation in December 2021
The retail inflation in India increased to 5.59% in December 2021. This is the highest in the last five months. The inflation data was released by the Ministry of Statistics and Programme Implementation. About the increase in retail inflation The ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
Rise in Banking Ombudsman complaints
The Reserve Bank of India (RBI) released its “Annual Report of the Ombudsman Schemes for the year 2020-21”, highlighting a rise in Banking Ombudsman complaints. Key Findings of the report During April 2020-March 2021, report witnessed a 22.27 per cent ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Urjit Patel – New Vice President of AIIB
Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel He was born in Kenya. In 2018, he resigned as RBI governor. ..
Month: Current Affairs - January, 2022
Category: Awards, Honours & Persons in News
RBI’s Fin-Tech Department
The Reserve Bank of India (RBI) set up an internal “FinTech department” for focusing on the dynamically changing financial landscape in India. When was this department set up? As per RBI circular, the FinTech department was set up on January ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
Domestic Systemically Important Banks (D-SIBs)
As per Reserve Bank of India (RBI), State Bank of India (SBI), HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), similar to 2020 list of D-SIBs. Highlights These three banks continue to be ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
RBI Financial Stability Report (FSR)- Highlights
The Reserve Bank of India (RBI) released its Financial Stability Report on December 29, 2021. Key Points According to the report, stress tests have revealed that gross non-performing assets (GNPAs) of banks is likely to jump from 6.9 percent in ..
Month: Current Affairs - December, 2021
What is RBI’s Card Tokenisation Rule?
Reserve Bank of India (RBI) recently extended the deadline for complying with the card information storage rules by another six months. Key Facts Deadline was extended because merchants and payments companies expressed their inability to comply with the December 31 ..
Month: Current Affairs - December, 2021
Prompt Corrective Action (PCA) Framework for NBFCs- Things to Know
Reserve Bank of India (RBI) has brought non-banking finance companies (NBFCs) under the ambit of prompt corrective action (PCA) framework. Key Points Under the PCA framework, NBFCs will face restrictions when parameters such as capital adequacy ratio, non-performing assets, and ..