Page-3 of Reserve Bank of India Current Affairs, GK & News
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
SC waives Interest in Loan Moratorium Scheme
The Supreme Court of India has refused to interfere with the decision of the government and Reserve Bank of India (RBI) on the loan moratorium scheme declining to extend moratorium period of six-months. Highlights The supreme court has also highlighted that the additional reliefs like total waiver of interest cannot be allowed because it will ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs • Legal & Constitution Current Affairs
Topics: EMI Holiday • Loan Moratorium Scheme • Reserve Bank of India • Supreme Court Decision
RBI imposes Rs 2 crore penalty on SBI
The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2 crore after it failed to follow the regulations in payment of remuneration to its employees through the commissions. Highlights The Reserve Bank of India imposed the monetary ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Banking Regulation Act 1949 • Non-performing Asset • Penalty on SBI • Reserve Bank of India • State Bank of India
SBI Research: Fuel Prices will Drop if Brought under GST
A State Bank of India’s report highlights that, the pan-India Prices of fuels will drop if the petrol and diesel are brought under the GST regime to ₹75 and ₹68 a litre, respectively. Highlights of the report SBI research further highlights that, if we assume the GST rate of 28%, cess of ₹30 and ₹20 ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Crude oil Imports • Goods and Services Tax (GST) • Prices of fuels • Reserve Bank of India • State Bank of India (SBI)
RBI to conduct OMO of ₹20,000 Crores
The Reserve Bank of India (RBI) have announced that it will purchase four government securities (G-Secs) that amounts to ₹20,000 crore. The central bank will purchase it on February 10, 2021 under the open market operations (OMOs). Highlights This move was announced in aftermath of the yields that was moving up to touch the intra-day ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: G-Sec Trading • Government Securities • OMOs • open market operations • Reserve Bank of India