Reserve Bank of India had extended the scheme for encouraging the deployment of Point of Sale (PoS) infrastructure to street vendors which comes under the PM SVANidhi programme. Daily Current Affairs Quiz 2021 The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s Atma Nirbhar Nidhi (PM […]
RBI includes PM SVANidhi Scheme beneficiaries to PIDF Read More »
The Reserve Bank of India (RBI) announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. Daily Current Affairs Quiz 2021 The announcement regarding the creation of the Financial Inclusion Index was made in the first Bi-monthly Monetary Policy Statement for 2021-2022 on 17 April.
The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave. Daily Current Affairs Quiz 2021 The panel has also raised the inflation target for fiscal 2001-22 but maintained the
The Reserve Bank of India is working on phased introduction of its own digital currency and is mulling pilot projects in wholesale and retail segments in the near future. Daily Current Affairs Quiz 2021 Several countries have implemented specific purpose Central Bank Digital Currencies (CBDCs) in the wholesale and retail segments. A CBDC is a
RBI working on phased introduction of digital currency Read More »
The Reserve Bank has extended the tenure of Deputy Governor Mahesh Kumar Jain for two years. Daily Current Affairs Quiz 2021 Jain was appointed as deputy governor for three years in June 2018. Before joining the Reserve Bank of India, he was managing director of IDBI Bank. The other three serving deputy governors are Michael
RBI Deputy Governor Mahesh Kumar Jain got 2 years extension Read More »
Recently the Reserve bank of India (RBI) has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. Daily Current Affairs Quiz 2021 The central bank has taken this decision due to lack of sufficient capital and earning potential with the bank. Further, the bank
RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank Read More »
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021. Daily Current Affairs Quiz 2021 The Bonds will be sold through Scheduled Commercial banks (except Small Finance Banks and Payment
Housing Finance Companies (HFCs) have come under the direct supervision of the Reserve Bank of India (RBI) since August 2019 and existing home loan customers are getting differential treatment from banks and HFCs. Daily Current Affairs Quiz 2021 Over the last 18 months to 5 years, if bank customers have seen better transmission of rate
HFCs came under the direct supervision of the Reserve Bank of India Read More »
The RBI has been set up an advisory group to assist the second regulatory review authority (RRA 2.0) which was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities. Daily Current Affairs Quiz 2021 Headed by SBI Managing Director S. Janakiraman, the group will assist
Panel set up by RBI to assist regulatory review authority Read More »
The Reserve Bank of India (RBI) announced several measures to protect small and medium businesses, individual borrowers from the adverse impact of the intense second wave of COVID-19 across the country. Daily Current Affairs Quiz 2021 Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any
RBI unveils measures for MSMEs to deal with COVID-19 crisis Read More »
