Page-4 of Topic: Reserve Bank of India
CPI inflation reaches 7.41% in September 2022
India’s retail inflation surged to a 5-month high in September, surpassing RBI’s upper margin of 6 per cent for the ninth consecutive time. Key facts Retail inflation, measured...
RBI Concept Note on CBDC
On October 7 this year, the Reserve Bank of India launched a concept note to raise public awareness about central bank digital currency (CBDC). Key facts The recently...
Implementation of Card Tokenization
The tokenization of card-based payments will be implemented from October 1, 2022. Key facts The Reserve Bank of India has announced that it will not extend the October... RBI Monetary Policy Committee Meeting – Highlights
The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo...
Banking System Liquidity turns to deficit mode
Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation...
RBI asks large UCBs to set up Board-approved policy, compliance function
The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central...
Amendment of Foreign Trade Policy of India for Rupee Settlement
The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently... RBI: Increased housing loan limit for Co-op Banks
On June 8, 2022, The Reserve Bank of India (RBI) has increased the limit two times on housing loans from cooperative banks. Highlights RBI has also permitted the Rural Cooperative...
RBI Annual Report 2021-22: Highlights
In its annual report that has been released by the Reserve Bank of India (RBI), the central bank has highlighted that the Indian economy will most likely bounce...
RBI Norms for Setting Up of Bharat Bill Payment Operating Units
The Reserve Bank of India has eased the norms for non-bank entities for setting up Bharat Bill Payment operating units by reducing the net worth that is required...
RBI: Panel on Customer Service Standards in Banks, NBFCs
On the 23rd of May 2022, the Reserve Bank of India (RBI) announced that a committee has been set up to evaluate the adequacy, effectiveness, and quality of... 