Reserve Bank of India Current Affairs, GK & News
Reserve Bank of India
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 ..
..Read MoreMaiden Tranche of Sovereign Green Bonds
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022
Topics: Bond Market • Bond yield • Capital • Clean Energy • Climate Action Investment • coupon rate • Economic development • Economic development in India • Environment • government security • Green Bonds • green energy • New and Renewable Energy • Rainwater harvesting • RBI • Reserve Bank of India • Solar energy • Sovereign Green Bonds • Tranche • Wind Energy Projects
RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022
Topics: Banking • Banks in India • Reserve Bank of India
BharatPe Gets Nod for ePayment Aggregator Licence
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, ..
Month: Current Affairs - January, 2023
Category: Science & Technology Current Affairs
Topics: BharatPe • Digital Payments • E-commerce • FinTech • payment aggregator • Reserve Bank of India
RBI Releases Annual Report on Ombudsman Schemes
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Banking Ombudsman Scheme • Banking Ombudsman Scheme 2006 • CEPD • Ombudsman Schemes • RBI • Reserve Bank of India
Reserve Bank of India to Issue Sovereign Green Bonds
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022
Topics: Carbon intensity • Government expenditures • Investor risk • Public sector projects • Reserve Bank of India • Sovereign Green Bonds
RBI’s Systemic Risk Survey (SRS)
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022
Topics: cryptocurrencies • financial market risks • Financial stability • global risks • global spillovers • macroeconomic risks • Reserve Bank of India • Systemic risk