Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) announced its bi-monthly policy statement on December 8, 2021. Highlights In its policy statement, RBI has maintained status...
The Reserve Bank of India recently released its report on “State Finances: A Study of Budgets of 2021 – 22”. According to the report, the combined debt –...
On November 26, 2021, Reserve Bank of India (RBI) released new norms for Private Banks. Highlights Under the new norms, RBI has accepted the suggestion to increase cap...
The Reserve Bank of India (RBI) issued a set of clarifications on November 12, 2021 regarding its existing asset classification guidelines. Under the guidelines, banks have been asked...
Prime Minister Narendra Modi launched two customer-centric initiatives of the Reserve Bank of India (RBI) for investors on November 12, 2021. Key Points The two initiatives are- RBI...
Reserve Bank of India (RBI) is set to organise its first global hackathon called ‘HARBINGER 2021–Innovation for Transformation’ focusing on digital payments. Key Points The global hackathon will...
The Reserve Bank of India (RBI) published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’ on November 3, 2021 in order to contribute towards...
Reserve Bank of India (RBI) modified its prompt corrective action (PCA) framework on November 3, 2021 to exclude the profitability parameter from its triggers list. Key Points In...
The Reserve Bank of India (RBI) has proposed to make micro-lending collateral-free for all the lenders, rather than just for microfinance institutions (MFIs). Highlights This proposal was announced...
The Reserve Bank of India (RBI) announced a scale-based regulation of non-banking finance companies on October 22, 2021. Key Points RBI’s regulation also comprises of a ceiling on...
