The Monetary Policy Committee of the Reserve Bank of India kept the repo rate unchanged at four per cent. The committee unanimously voted to keep rates unchanged, and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. Daily Current Affairs Quiz 2020 Key-Points RBI governor said India’s GDP would contract […]
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to discontinue the system-based automatic caution-listing of exporters in view of the impact of COVID-19 pandemic. Daily Current Affairs Quiz 2020 Key-Points The decision will also empower exporters to negotiate better terms with overseas buyers. As part of automation of the
RBI to discontinue system-based automatic caution-listing of exporters Read More »
The government appointed RBI’s senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank. Daily Current Affairs Quiz 2020 Key-Points Rao was appointed to the post vacated by N S Vishwanathan, who stepped down three months ahead of his extended tenure on health grounds. The RBI needs four Deputy Governors: two
M Rajeshwar Rao appointed deputy governor of RBI Read More »
Reserve Bank of India has proposed allowing foreign portfolio investors (FPIs) to undertake exchange-traded rupee interest rate derivatives transactions subject to an overall ceiling of Rs 5,000 crore. Daily Current Affairs Quiz 2020 Key-Points Interest Rate Derivatives (IRDs) are contracts whose value is derived from one or more interest rates, prices of interest rate instruments,
RBI issues draft Rupee interest rate derivatives Read More »
Reserve Bank of India has issued guidelines for appointment of Chief Compliance Officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry. Daily Current Affairs Quiz 2020 Key-Points The CCO must be appointed for a minimum fixed period of three years. The person should be
RBI issued guidelines for appointment of CCO in banks Read More »
The Reserve Bank of India announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ along with sector specific benchmark ranges for such parameters. Daily Current Affairs Quiz 2020
Expert Committee report on Resolution Framework for Covid-19 related Stress Read More »
Recently, Reserve Bank of India has unveiled the framework for setting up of pan-India Umbrella Entity for Retail Payments. Daily Current Affairs Quiz 2020 Key-Points The companies with a net worth of over 500 crore rupees will be eligible to set up an umbrella entity which will be permitted to set up, manage and operate
RBI released framework for pan-India entity for retail payments Read More »
Reserve Bank of India (RBI) will make cheque payments safer and reduce instances of frauds by the introducing of new ‘Positive Pay’ mechanism. Issuers will be able to send all details to their bank, thereby ensuring faster clearance of cheques above Rs 50,000. Daily Current Affairs Quiz 2020 Key-Points All cheques will be processed as
RBI secured cheque payments via ‘positive pay’ feature Read More »
The Reserve Bank of India has approved a dividend payout of Rs 57,128 crore as surplus to the central government for the accounting year 2019-20, while deciding to maintain the contingency risk buffer at 5.5%. Daily Current Affairs Quiz 2020 Key-points The decision was taken at the 584th meeting of the Central Board of the
RBI transfers ₹57,128 crore surplus to the government Read More »
Reserve Bank of India (RBI) has formed a five member committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations on the financial parameters to be considered in the restructuring of loans impacted by the Covid 19 pandemic. The Committee is tasked to recommend parameters for one-time restructuring of corporate loans.
RBI formed five member committee on loan restructuring Read More »
