Topic: Reserve Bank of India
India’s Forex Reserves Show Significant Increase
India’s foreign exchange reserves have experienced a notable rise. on November 09, the reserves reached 658.09 billion dollars, an increase of 1.51 billion dollars. This marks the first...
What is MuleHunter.AI?
The Reserve Bank of India’s innovation unit, RBIH, has introduced MuleHunter.AI, which aims to combat financial fraud effectively and specifically targets mule accounts used in illegal activities. Recent...
India’s Foreign Exchange Reserves
India’s foreign exchange reserves are external assets held and managed by the Reserve Bank of India on behalf of the Government of India. These reserves consist of (1)...
“Depositor Education and Awareness” (DEA) Fund
Unclaimed deposits in the banking sector have been a persistent concern, prompting regulatory bodies to take proactive steps to protect consumer interests. The Reserve Bank of India (RBI)...
UK Treasury Grants Equivalence to RBI-Authorized Clearing Houses
The United Kingdom Treasury has recently made a significant decision to accord equivalence to central counterparties authorized by the Reserve Bank of India (RBI). This move marks a...
RBI Guidelines on OTS
The Reserve Bank of India (RBI) has recently introduced significant changes to the regulations governing one-time settlements (OTS) and technical write-offs of loans. The RBI has issued detailed... RBI Guidelines on Default Loss Guarantee
The Reserve Bank of India (RBI) has taken a significant step by allowing a ‘first loss default guarantee’ (FLDG) arrangement between regulated entities and lending service providers. This... Expected Loss-based Approach for Bad Loan Provisioning
The Reserve Bank of India (RBI) has outlined its plans for the upcoming financial year, 2023-24. Among the proposed measures to strengthen the bad loan resolution ecosystem is...
What is C-KYC Database?
The Reserve Bank of India (RBI) has recently classified the Centralised Know Your Customer (c-KYC) database as high risk, posing challenges for financial institutions. This move has prompted...
RBI Withdraws Rs.2,000 Denomination Notes
The Reserve Bank of India (RBI) has recently taken a significant step by withdrawing the Rs 2000 banknotes from circulation. Reasons for the Withdrawal The RBI has decided... ‘100 Days 100 Pays’ Campaign
The Reserve Bank of India (RBI) recently announced the launch of the ‘100 Days 100 Pays’ campaign on June 1. This campaign aims to trace and settle the... 