The Reserve Bank of India (RBI) unveiled a host of measures to boost fund flow to the healthcare sector and ease the pain of small borrowers and units. Daily Current Affairs Quiz 2021 The RBI has opened an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo […]
RBI releases ₹50000 crore fund support to healthcare liquidity push Read More »
The Reserve Bank of India capped both the tenure and age limit for senior management including that of chairmen in all private banks. While the cap for non-executive directors, and chairman is set at 75 years, their tenure is fixed for 8 years. Daily Current Affairs Quiz 2021 These directives form part of the instructions
Reserve Bank of India caps tenure of private bank CEOs at 15 years Read More »
The Reserve Bank of India (RBI) will issue cybersecurity norms for payment service providers (PSPs) soon, following a series of data breaches faced by operators including Mobikwik and payment aggregator JusPay. Daily Current Affairs Quiz 2021 While the standards for fintech-driven payment services providers will be similar to cyber hygiene norms issued recently for banks
RBI to issue cybersecurity norms for payment services Read More »
The Reserve Bank of India (RBI) decided to continue with the existing interim Ways and Means Advances (WMA) scheme limit of ₹51,560 crore for all States/ UTs shall for six months i.e., up to September 30, given the prevalence of COVID-19. Daily Current Affairs Quiz 2021 Ways and means advances (WMA) is a mechanism used
The Reserve Bank of India (RBI) set up a committee to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements. Daily Current Affairs Quiz 2021 The six-member committee will be headed by Sudarshan Sen, former
The Reserve Bank of India (RBI) announced the setting up of a regulatory review authority, RRA 2.0, to review its regulations internally and in consultation with other stakeholders. Daily Current Affairs Quiz 2021 Deputy Governor M Rajeshwar Rao has been appointed as the head of the RRA 2.0 which would be set up for a
RBI sets up regulatory review authority to review regulations Read More »
The Reserve Bank of India (RBI) released the Annual Report of the Ombudsman Schemes for the year 2019-20. Daily Current Affairs Quiz 2021 RBI has three Ombudsmen- Banking, Non-Banking Finance Company (i.e. NBFC) and digital transactions. A common man can approach these Ombudsmen for their grievances. As announced in the recent Monetary Policy Statement, the
RBI released Annual Report of Ombudsman Schemes for 2019-20 Read More »
Reserve Bank of India has issued draft circular on declaration of dividend by non-banking financial companies (NBFCs) in pursuance to the announcement made in the monetary policy declared. Daily Current Affairs Quiz 2020 Key-Points Accordingly, deposit-taking NBFCs and systemically important non-deposit-taking NBFCs must have their net non-performing assets below 6 percent and a capital adequacy
RBI issued draft circular on declaration of dividend by NBFCs Read More »
The Reserve Bank has asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government. Daily Current Affairs Quiz 2020 Key-Points The government announced the
RBI asked lenders to implement waiver of interest on interest scheme Read More »
Reserve Bank of India (RBI) is going to conduct its first-ever Open Market Operation (OMO) purchase of State Developments Loans (SDLs) on 22nd October. Daily Current Affairs Quiz 2020 Key-Points The OMOs worth ten thousand crore rupees will be conducted as a special case during the current financial year with an aim to improve liquidity
RBI to conduct first-ever OMO purchase of SDLs on October 22 Read More »
