Reserve Bank of India Current Affairs

RBI reopens Voluntary Retention Route (VRR) with an investment limit of ₹2,50,000 crore

RBI reopens Voluntary Retention Route (VRR) with an investment limit of ₹2,50,000 crore

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of ₹1,50,000 crore was offered for investment through VRR, in three tranches so far; of which around ₹1,49,995 crore have been availed as on February 10, 2022. Now RBI has increased this investment […]

RBI reopens Voluntary Retention Route (VRR) with an investment limit of ₹2,50,000 crore Read More »

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent.

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent.

Reserve Bank of India conducted the 6th and the last Monetary Policy Committee (MPC) meeting for 2021-22 between February 8-10, 2022. Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 percent. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk

RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.8 percent. Read More »

RBI emerged as the second-largest buyer of Gold among the world’s Central Banks in 2021

RBI emerged as the second-largest buyer of Gold among the world’s Central Banks in 2021

Reserve Bank of India (RBI) has emerged as the second-largest buyer of Gold among the world’s Central Banks in 2021. The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve to 754.1 tonnes at the end of December 2021. Central Bank of Thailand (Bank

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RBI to observe February 14-18, 2022 as Financial Literacy week 2022

RBI to observe February 14-18, 2022 as Financial Literacy week 2022

The Reserve Bank of India will observe February 14-18, 2022 as Financial Literacy week 2022. Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country. The theme of Financial Literacy week 2022 is: “Go Digital, Go Secure”. The theme is aligned with one

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Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

Former RBI governor Urjit Patel resigns as independent director of Britannia Industries Limited

The former Reserve Bank of India (RBI) Governor Urjit Patel has tendered his resignation from the post of non-executive and independent director of Britannia Industries Limited with effect from January 31, 2022. The reason behind stepping down is attendant time constraint, due to his full-time work assignment at AIIB, starting from February 01, 2022. Patel was recently appointed vice

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RBI cancels the licence of Independence Co-operative Bank Limited, Nashik, Maharashtra

RBI cancels the licence of Independence Co-operative Bank Limited, Nashik, Maharashtra

The Reserve Bank of India cancelled the licence of Nashik-based Independence Co-operative Bank Ltd and began the process for winding it up following the erosion of the bank’s capital. The bank has stopped operation from the close of business on February 3, putting depositors of the bank in trouble. Reason for license cancelation: The major reason for the cancellation of

RBI cancels the licence of Independence Co-operative Bank Limited, Nashik, Maharashtra Read More »

RBI approves appointment of Vinod Rai as independent Chairman of Unity Small Finance Bank

RBI approves appointment of Vinod Rai as independent Chairman of Unity Small Finance Bank

The Reserve Bank of India (RBI) has appointed former comptroller and auditor general (CAG) chief Vinod Rai as the independent chairman of the Unity Small Finance Bank (USFB), according to an official statement. Unity Small Finance Bank is a joint venture of the Centrum Group and fintech firm BharatPe, in the ratio 51:49 respectively.

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