Page-10 of Reserve Bank of India
What is Positive Pay System?
The guidelines for the implementation of the Positive Pay System were issued by the RBI for the banks of the country. From 1st January 2021, this system has been implemented to safeguard banks against any cheque frauds. Overview: The National ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
Varnika: BRBNMPL Ink Manufacturing Unit
Reserve Bank of India’s wholly-owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up an Ink Manufacturing Unit named “Varnika” at Mysuru, Karnataka. This new unit was dedicated to the nation by RBI governor Shaktikanta Das. Overview: ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024 • Important Days & Events Current Affairs
Geo-Tagging of Payment System Touch Points
The framework that is related to geo-tagging of payment system touch points has been released by the Reserve Bank of India (RBI). Overview: This framework has been created as a part of RBI’s objective of deepening digital payments along with ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
Reserve Bank Innovation Hub
The Reserve Bank Innovation Hub (RBIH) has been inaugurated by Shaktikanta Das, governor of the Reserve Bank of India (RBI) in Bengaluru. Overview: RBIH has been set up as a wholly-owned subsidiary of the RBI with Rs 100 crore as ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024
RBI: Amendments in Payments Systems Rules
The Reserve Bank of India has amended the Payments and Settlement Systems Regulations. This system allows the companies who are seeking to run payment businesses to apply for licenses from the regulator. Overview: The application for licensing should include the ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2024
J&K FDI Policy
Jammu & Kashmir’s Lieutenant Governor Manoj Sinha has approved a foreign direct investment (FDI) policy for the union territory with a foreign stake of a minimum of 51 percent. Overview: L-G Manoj Sinha approved the Policy for Promotion of Foreign ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2024 • India Nation & States Current Affairs