Reserve Bank of India Current Affairs, GK & News

Reserve Bank of India

June 21, 2009

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. This commission submitted its report in the year 1926, though the bank ..

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Maiden Tranche of Sovereign Green Bonds

January 26, 2023

The Government of India issues bonds to support environmental projects. These bonds that bring in resources to implement such climate-related projects are called Sovereign Green Bonds. They are similar to government securities. The first tranche, meaning the first part or portion of the Sovereign Green Bonds, was recently launched. The net worth of the Green ..

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RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks

January 17, 2023

The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background Presently, banks in India are required to make loan loss provisions based on an ‘incurred loss’ approach, which used to be the standard globally till recently. To ..

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BharatPe Gets Nod for ePayment Aggregator Licence

January 11, 2023

Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The approval was granted to the company’s wholly-owned subsidiary, Resilient Innovations Private Ltd. This comes as a relief for BharatPe, which has been facing controversies and high-profile exits since last year, ..

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RBI Releases Annual Report on Ombudsman Schemes

January 9, 2023

The Reserve Bank of India (RBI) has released its annual report on the “consumer education and protection activities” carried out during the 2021-2022 financial year as part of its Ombudsman Schemes. The report covers the activities of the three ombudsman schemes: the Banking Ombudsman Scheme, 2006 (BOS), the Ombudsman Scheme for Non-Banking Financial Companies, 2018 ..

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Reserve Bank of India to Issue Sovereign Green Bonds

January 7, 2023

The Reserve Bank of India (RBI) has announced its plans to issue Sovereign Green Bonds worth Rs 8,000 crore in two tranches on January 25 and February 9. The proceeds of the bonds will be used to fund public sector projects aimed at reducing the carbon intensity of India’s economy. Details of the Bonds The ..

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RBI’s Systemic Risk Survey (SRS)

January 3, 2023

The Reserve Bank of India’s (RBI) latest Systemic Risk Survey (SRS) has shown that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated. The survey, which was conducted in November 2022 and solicited the perceptions of experts including market participants and academicians on major risks faced by the Indian financial ..

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