Reserve Bank of India Current Affairs

RBI revised the Priority sector lending guidelines

The Reserve Bank of India has issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. In order to enable the banks to have current instructions at one place, a Master Circular incorporating the existing guidelines/instructions/directives on the subject has been prepared and enclosed. Daily Current Affairs Quiz 2020 Key-Points The changes include broadening […]

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RBI sets up panel for stressed loans resolution norms

Recently, the Reserve Bank of India (RBI) has constituted the proposed expert committee under the chairmanship of veteran banker K.V. Kamath to make recommendations on norms for the resolution of COVID-19 related stressed loans. Daily Current Affairs Quiz 2020 Key-Points The new committee will function under the aegis of the Reserve Bank. The committee will

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RBI cleared a loan restructuring scheme for borrowers in the pandemic

In its monetary policy review, the RBI gave the green signal to a loan restructuring scheme for stressed borrowers. Daily Current Affairs Quiz 2020 Key-Points A special window providing one-time loan restructuring to companies and individuals, it will provide relief specifically to those impacted by the Covid-19 pandemic. The biggest impact will be that banks

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RBI provides additional monetary support to housing, rural and priority sectors

The Reserve Bank of India has announced a set of additional developmental and regulatory policy measures to improve flow of money and provide further support to the financial system, in the wake of rising COVID-19 infections in India and the world. Daily Current Affairs Quiz 2020 Key-Points The measures will ease the financial stress caused

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RBI signs $400 million currency swap with Sri Lanka

The Reserve Bank of India (RBI) has signed an agreement for extending a $400-million currency swap facility to Sri Lanka to boost the foreign reserves and ensure financial stability of the country, which is badly hit by the COVID-19 pandemic. The currency swap arrangement will remain available till November 2022. Daily Current Affairs Quiz 2020

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India’s External Debt as at the end of March 2020

According to RBI data, India’s external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-ago period. The Commercial borrowings remained the largest component of the external debt, with a share of 39.4 per cent, followed by non-resident deposits at 23.4 per cent and short-term trade credit

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Special Liquidity Scheme for NBFCs and HFCs

With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharamanhad announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs. 30,000 crore. RBI will provide funds for the Scheme by subscribing to government guaranteed special securities issued

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RBI announces special liquidity scheme for NBFCs and HFCs

Reserve Bank of India has reported the government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. Daily Current Affairs Quiz 2020 Key-Points SBICAP which is a subsidiary of the State Bank of India has

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Reserve Bank of India releases the International Investment Position data

The Reserve Bank of India (RBI) has released data relating to India’s International Investment Position as it stood at the end of March 2020. Daily Current Affairs Quiz 2020 Key-Points The ratio of overseas financial assets to India’s GDP in 2019-20 (at current market prices) moved up to 26.5 per cent in March 2020 as

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Government launched 7.15% floating rate bonds

The government of India has launched of Floating Rate Savings Bonds, 2020 (Taxable) with an interest rate of 7.15 per cent. The bonds will be available for subscription from July 1, 2020 onwards. Individuals (including Joint Holdings) and Hindu Undivided Families (HUF) are eligible to invest in these bonds. NRIs cannot invest in these bonds.

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