Page-20 of Reserve Bank of India
RBI extends restrictions on PMC Bank, eases Withdrawal Limit
The Reserve Bank of India on 19th June 2020 has extended the regulatory restrictions imposed on the multi-state urban Cooperative Bank, Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) by another 6 months. As per the earlier notice dated March ..
Month: Current Affairs - June, 2020
RBI extends authorization issued to Vakrangee to own and operate WLA
The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India. The validity of authorization has been extended till 31 ..
RBI conducts OMO for purchase of Rs 10,000 crore worth government securities
The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities. This important step of the central bank has been announced at the backdrop of the increased ..
RBI appoints R Gandhi and Ananth Narayan on Yes Bank Board
The Reserve Bank of India (RBI) has appointed former RBI Deputy Governor R Gandhi and former banker Ananth Narayan on the board of Yes Bank. They have been appointed as Additional directors on the board for two years. Ananth Narayan ..
RBI to regulate entire activities of Payment Aggregators
The Reserve Bank of India recently announced that it will regulate the entire activities of Payment Aggregators (PAs). Payment Aggregators enable the e-commerce sites and merchants to accept various payment instruments from the customers. As per the guidelines on regulation ..
Union Cabinet approves Yes Bank reconstruction plan
The Union Cabinet approved a reconstruction plan proposed by the RBI for providing financial assistance to the Yes Bank. Union Finance Minister announced that the authorised capital of Yes Bank has been increased to Rs 6,200 crore. Under the plan, SBI will infuse Rs 7,250 crore in the Yes bank and take 49 per cent ..