Page-8 of Reserve Bank of India Current Affairs, GK & News
Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs
This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal ..
Month: Current Affairs - June, 2020
Category: Government Schemes Current Affairs
Topics: Atmanirbhar Bharat • Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) • MSME sector • MSMEs • Nitin Gadkari • Reserve Bank of India • SIDBI
India becomes 12th Largest Holder of US Government Securities at April 2020 end
Despite low returns, the Treasury Securities (are of four types- Bills, Notes, Bonds, Inflation-Protected Securities) backed by the United States Treasury Department is one of the safest assets for any Central Bank around the world. With USD 157.4 billion at the end of April 2020, India has become the 12th largest holder of United States ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: China • Ireland • Japan • Luxembourg • prudential liquidity management • Reserve Bank of India • United Kingdom • United States • United States Treasury Department
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 21st, 2020, the regulatory restrictions were up to 22nd June 2020, which now has been ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: Banking Regulation Act • Housing Development & Infrastructure (HDIL) • Maharashtra • PMC bank • Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) • Reserve Bank of India
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 March 2021. RBI has assigned a target of minimum 1,000 ATMS to be deployed by ..
Topics: ATM • Indian Economy • Reserve Bank of India
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 risks of COVID-19 pandemic. The operation would increase the liquidity in the Indian economy and ..
Topics: Coronavirus • Open market operation • Reserve Bank of India