Page-6 of Topic: Reserve Bank of India
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...
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...
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...
RBI Sell/Buy Swap Auction
Reserve Bank of India (RBI) recently announced to undertake a “sell/buy swap auction” of USD 5 billion in March, 2022. Highlights The Sell/Buy Swap Auction will help in...
25th Meeting of Financial Stability and Development Council
In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman....
India’s UPI Platform in Nepal
The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy. Overview: To deliver the services in...
RBI Window for Primary Dealers
The Reserve Bank of India recently provided a new special window for bond houses called “Primary Dealers”. The window allows to exchange illiquid securities. Illiquid securities are those...
RBI approves NSDL e-Governance as Account Aggregator
Reserve Bank of India (RBI) approved the “NSDL e-Governance Infrastructure” as an account aggregator. Key Points NSDL e-Governance Infrastructure is an IT-enabled services provider. It got an in-principle...
India’s foreign exchange reserves increased by USD 2.039 billion
As per RBI data, India’s foreign exchange reserves increased by USD 2.039 billion in the first week of October 2021. Highlights Foreign exchange now stands at USD 639.516 billion....
Digital Payments grew 30.19% during the Financial Year ended March 2021: RBI
RBI data has showed that digital payments in India have recorded a growth of 30.19% during the financial year which ended on March 2021, Highlights The newly constituted...
India’s Forex reserves touch all-time high of $612.73 billion
In the week ended 16th July, India’s foreign exchange reserves rose by 835 million to touch a record high margin of 612.73 billion. In the week ended 9th... 