Page-7 of Topic: Reserve Bank of India
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
India’s New Central Bank Digital Currency
The Reserve Bank of India (RBI) is in process of examining if India needs a new central bank digital currency (CBDC) and is exploring ways to operationalise the...
