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RBI releases Cyber Security Vision Framework for Urban Cooperative Banks

On September 25, 2020, the Reserve Bank of India released Cyber Security Vision Framework for Urban Cooperative Banks (UCBs). The apex bank has taken four different guiding principles...

September 25, 2020

Banking Regulation (Amendment) Bill, 2020

The Banking Regulation (Amendment) Bill, 2020 which is an amendment to the Banking Regulations act 1949, was passed in Parliament.  The Bill replaces the Banking Regulation (Amendment) Ordinance, 2020...

September 23, 2020

Insolvency and Bankruptcy (Second Amendment) passed in Rajya Sabha

On September 19, 2020, the Rajya Sabha passed the Insolvency and Bankruptcy code (second Amendment) Bill 2020. According to the new amendment, fresh insolvency proceedings will not be...

September 19, 2020

What is Digital Payment Index?

The Reserve Bank of India (RBI) announced on September 10, 2020 that a Digital Payments Index (DPI) will be launched. The index will assess and capture the extent...

September 10, 2020

RBI to conduct simultaneous purchase & sale of govt securities under OMO for Rs 10,000 crore

The Reserve Bank of India (RBI) have decided to conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore. Key...

September 7, 2020

Is ‘Disaster Management Act’ related to Extension of Loan Moratorium?

The Supreme Court of India asked the central government to clarify its position on the issue of interest being charged on the installment of loan repayments amid the...

August 28, 2020

What is the objective of RBI’s new 20000 cr-special OMO?

In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for...

August 27, 2020

What is the special OMO which has been launched by the RBI? How does it impact the economy?

The Reserve Bank of India recently declared that it is going to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an...

August 25, 2020

NPCI International Payments Limited (NPIL): set up by NPCI for international market operations

The National Payments Corporation of India has set up ‘NPCI International’ to operate its international market of Unified Payment Interface, instant payment service, and its electronic payment card...

August 22, 2020

RBI launches National strategy for Financial Education for 2020-25

The Reserve Bank of India has come up with the Second National Strategy for Financial Education (NSFE) for the time period of 2020-25. The document of the apex...

August 21, 2020

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