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...
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...
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...
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...
On 28th July, 2021, the Union Cabinet cleared changes to the deposit insurance laws of the country. According to these changes up to Rs 5 lakh of funds...
As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned...
Under Modified Risk Management guidelines of Reserve Bank of India (RBI), Bankers working in sensitive positions such as treasury operations and currency chests, will get surprise holiday of...
Reserve Bank of India (RBI) issued an advisory to banks and other financial institutions to be prepared for year-end transition from London Interbank Offered Rate (Libor). Transition from...
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?...
