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 ..
T Rabi Sankar named RBI deputy governor
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system, risk management and information technology at the Apex Bank. He has succeeded B P Kanungo. Rabi Shankar has an M Phil in Economics degree. He was appointed ..
Month: Current Affairs - May, 2021
Category: Awards, Persons & Places in News • Economy & Banking Current Affairs
Topics: deputy governor • Governor of RBI • Ministry of Finance • Monetary Policy Committee (MPC) • RBI • Reserve Bank of India
RBI’s State of the Economy Report – Update (April, 2021)
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021. Key Findings of the Report The resurgence of COVID-19 might bring back inflationary pressures. Also, the restrictions and disruptions in supply chains might add up to the inflationary pressures. Under the G-Sec Acquisition Programme, RBI aims to ..
Month: Current Affairs - April, 2021
Category: Reports & Indexes Current Affairs
Topics: Bank Merger • COVID-19 • Government Securities • Inflation • Reserve Bank of India • State of Economy Report • Vaccination
G-sec acquisition programme – G-SAP 1.0
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). The first purchase of Rs 25,000 crore is to be made on April 15, 2021. GSAP 1.0 The GSAP 1.0 ..
Month: Current Affairs - April, 2021
Category: Government Schemes Current Affairs
Topics: Bombay Stock Exchange (BSE) • BSE SENSEX • G-Sec Trading • government security • Reserve Bank of India • Sensex
What is RXIL?
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform grew from Rs 69 crores in April 2020 to Rs 1,105 crores in March 2021. This shows economic recovery in the country. Also, it shows that the ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: RBI • Reserve Bank of India • RXIL • Trade Receivable Discounting System (TreDS) • TReDS Platform
RBI: RTGS could be Expanded Beyond India
Governor of Reserve Bank of India, Shaktikanta Das, while speaking at 7th edition of India Economic Conclave has called for effective regulation which should help innovation in fintech space. Highlights According to RBI Governor, Real-Time Gross Settlement (RTGS) has multi-currency capabilities. So, there is scope to explore if it can be expanded beyond India. He ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Cash reserve ratio (CRR) • intra-day liquidity (IDL) • Real-Time Gross Settlement (RTGS) • Reserve Bank of India • Shaktikanta Das