Page-7 of Topic: Reserve Bank of India (RBI)
RBI grants licence to NARCL
Reserve Bank of India (RBI) granted the licence to the Rs 6,000 crore National Asset Reconstruction Company Ltd. (NARCL). Key Facts This move will help in starting operations... RBI’s new auto Debit Rules- Highlights
The Reserve Bank of India (RBI) has mandated new auto-debit rules on October 1, 2021 in order to strengthen the safety and security of card transactions. Key Points...
IOB out of RBI PCA Framework
Reserve Bank of India (RBI) has moved out the public sector lender Indian Overseas Bank (IOB) from Prompt Corrective Action (PCA) framework after its financial and credit profile improved. Key Points... RBI Data on Bank deposits in FY21
Reserve Bank of India (RBI) released its “Deposits with Scheduled Commercial Banks – March 2021 data” on September 23, 2021. Highlights As per RBI data, Bank deposits have...
RBI allows Ujjivan SFB to form a special committee
Reserve Bank has given its nod to the Ujjivan Small Finance Bank (SFB) to form a special committee of directors on September 15, 2021 in order to oversee...
India-Singapore announces to link UPI and PayNow
India and Singapore have announced the linking of the Unified Payments Interface (UPI) and PayNow, in order to enable users to make instant, low-cost fund transfers. Highlights The...
WPI inflation increases to 11.39 per cent in August
The wholesale price-based inflation (WPI) increased marginally to 11.39 per cent in August 2021 due to higher prices of manufactured goods, even though the prices of food articles... UPI: 3.55 billion transactions in August
The Unified Payments Interface (UPI) by National Payments Corporation of India (NPCI) recorded more than 3 billion transactions in August 2021. Highlights More than 3 billion transactions were... RBI to launch Trial Project of CBDC by December
According to Reserve Bank of India (RBI) Governor Shaktikanta Das, RBI is set to launch the trial program of its digital currency by December 2021. Highlights Currently, RBI... N. S. Vishwanathan Panel on Urban Co-operative Banks
Reserve Bank of India had appointed committee headed by N. S. Vishwanathan to make suggestions on structure for the urban cooperative banks (UCBs) Key Points Panel was set... RBI introduced Financial Inclusion Index
The Reserve Bank of India introduced the financial inclusion index on August 17, 2021. Key Points The Financial Inclusion Index will be used to capture the extent of... 