Shaktikanta Das Current Affairs, GK & News
New Member of Monetary Policy Committee (MPC)
The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by Rajiv Ranjan. Saggar retired at the end of April 2022. Ranjan has been working with ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Monetary Policy • Monetary Policy Committee • Rajiv Ranjan • RBI • Reserve Bank of India • Shaktikanta Das
RBI Monetary Policy April 2022- Highlights
The Reserve Bank of India led by Governor Shaktikanta Das has released the monetary policy update for April 2022. Policy Rates The Policy Repo Rate has been kept unchanged at 4 percent. The Marginal Standing Facility (MSF) rate remains unchanged at 4.25 percent. The Bank Rate also remains unchanged at 4.25 percent. Reverse Repo Rate ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Bank rate • Cash Reserve Ratio • Marginal Standing Facility • Monetary Policy • Repo Rate • Reserve Bank of India • Reverse Repo Rate • Shaktikanta Das • Statutory liquidity ratio
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 as a wholly-owned subsidiary of the RBI with Rs 100 crore as an initial capital contribution. An independent board has been constituted for this hub with S. ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: RBI • RBIH • Reserve Bank Innovation Hub • Reserve Bank of India • Shaktikanta Das
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 July the reserves had surged to $611.895 billion from $1.883 billion. Highlights The increase in Forex reserves was due to the rise in foreign currency assets ..
Month: Current Affairs - July, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: Foreign currency assets • Forex Reserves • India's Foreign exchange reserves • Reserve Bank of India • Shaktikanta Das
RBI’s second purchase under G-SAP 1.0
The Governor of Reserve Bank of India Shaktikanta Das recently announced that the apex bank will make the second purchase of Government securities under the G-Sec Acquisition Programme 1.0 on May 20, 2021. The first purchase was made in April 2021. The RBI purchased Rs 25,000 crores of Government Securities during the first purchase. What ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: G-Sec Trading • Government Securities • Nirmala Sitharaman • Reserve Bank of India (RBI) • Shaktikanta Das
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 - 2022
Topics: Cash reserve ratio (CRR) • intra-day liquidity (IDL) • Real-Time Gross Settlement (RTGS) • Reserve Bank of India • Shaktikanta Das