Page-2 of Reserve Bank of India Current Affairs, GK & News

Federal Bank CEO re-appointed

Federal Bank shareholders have approved the motion of re-appointment of Shyam Srinivasan as managing director and chief executive officer (CEO) of the federal bank. Highlights He has been re-appointed CEO for a period of three years, which will come into effect from September 23, 2021 till September 22, 2024. Reserve Bank of India (RBI) approved ..

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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 ..

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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 ..

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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 ..

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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 ..

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