Page-7 of Reserve Bank of India (RBI)
RBI Monetary Policy Committee Announcement- Highlights
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 quo on key rates for the ninth consecutive time. RBI continues to ..
Month: Current Affairs - December, 2021
RBI report on State Finances: A Study of Budgets of 2021 – 22
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 – to – GDP ratio of states is to remain at 31% till ..
Month: Current Affairs - December, 2021
RBI’s new norms for Private banks- Highlights
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 on stake of promoters in banks from 15 percent to 26 percent. ..
Month: Current Affairs - November, 2021
RBI: Banks to place consumer education info on websites
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 to specify the exact due dates of repayment in loan agreements. Highlights ..
Month: Current Affairs - November, 2021
PM launches two RBI initiatives for investors
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 Retail Direct Scheme and Reserve Bank – Integrated Ombudsman Scheme. With the ..
Month: Current Affairs - November, 2021
‘HARBINGER 2021 – Innovation for Transformation’ – RBI’s first global hackathon
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 be organised under theme of ‘Smarter Digital Payments’. It will witness participants ..
Month: Current Affairs - November, 2021
RBI: Commitment to Support Greening India’s Financial System
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 global response for meeting the climate goals. Highlights RBI broadly supports the ..
Month: Current Affairs - November, 2021
RBI’s Revised PCA framework- Things to Know
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 its 2017 framework, capital, asset quality & profitability were the key areas ..
Month: Current Affairs - November, 2021
RBI: All micro loans must be collateral-free
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 by RBI deputy governor Rajeshwar Rao while he was delivering the inaugural ..
Month: Current Affairs - October, 2021
RBI caps NBFC IPO Funding
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 IPO funding per borrower and changes in minimum net owned fund, capital ..