Reserve Bank of India Current Affairs

Cooperative banks brought under RBI supervision through ordinance

The Centre has decided to bring all urban and multi-State cooperative banks under the supervisions of the RBI to protect depositors. The Union Cabinet approved an ordinance to this effect. Daily Current Affairs Quiz 2020 Key-Points RBI’s powers on scheduled banks would be hence applicable on cooperative banks as well. The urban cooperatives and multi-State […]

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Urjit Patel, former RBI governor, appointed chairman of NIPFP

Urjit Patel, former governor of Reserve Bank of India (RBI) who resigned from his post in December 2018 after a tussle with the government over the central bank’s autonomy has been appointed as the chairman of the New Delhi Based economic think tank National Institute of Public Finance and Policy (NIPFP) for a period of

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RBI may allow one-off restructuring of stressed loans

The Reserve Bank of India (RBI) is exploring the option of allowing banks a one-off restructuring of loans. This is one of the suggestions made by the banking industry to help sectors affected by coronavirus and also deal with the stress building up on account of suspension of insolvency proceedings for a year. Daily Current

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RBI released 49th round of OBICUS

The Reserve Bank of India (RBI) released the 49th round of quarterly OBICUS (Order books, inventories, and capacity utilization survey) of the manufacturing sector. The survey includes the reference period January-March 2020. OBICUS:♦ The OBICUS survey will provide valuable input for monetary policy formulation.♦ The Central Bank has conducted the OBICUS of the manufacturing sector

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RBI announced LoC to EXIM Bank to raise its resources

The Reserve Bank has announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade. The EXIM Bank will be given LoC of Rs.15,000 crore for a period of 90 days from the date of availing with rollover up to a maximum period of one year. It

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RBI cut repo rate to a record low by 40 bps

The Reserve Bank of India has announced a 40 basis points reduction in key policy rates while estimating that Indian economy will shrink in 2020-21. The repo reduction marked the lowest repo rate or the key interest rate at which the RBI lends short-term funds to commercial banks. This is the reduction that has been

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RBI extended regulatory benefits under SLF-MF to all banks

The Reserve Bank of India (RBI) extended the regulatory benefits under the special liquidity facility for mutual funds (SLF-MF) to all banks. Daily Current Affairs Quiz 2020 Key-Points Any bank that meets with the liquidity requirements of mutual funds by extending loans and undertaking outright purchase or repos against the collateral of investment-grade corporate bonds,

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RBI announced ₹50000 crore liquidity for Mutual Funds

The Reserve Bank of India (RBI) has decided to open a special liquidity facility of ₹50,000 crore for mutual funds to ease liquidity pressure on mutual funds. The sudden decision of Franklin Mutual Fund to close six of its debt mutual fund scheme has raised concerns about likely redemption pressures in the debt mutual fund

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RBI announced 2nd set of measures to preserve financial stability

RBI released 49th round of OBICUS

The Reserve Bank of India launched its 49th round of order books, inventories and capacity utilisation survey (OBICUS) of the manufacturing sector on April 16, 2020. The survey covers the reference period between January-March 2020. Daily Current Affairs Quiz 2020 Key-Points The OBICUS survey will provide valuable input for monetary policy formulation. The Central Bank

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RBI announced 2nd set of measures to preserve financial stability

The Reserve Bank of India (RBI) has announced the second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged during the extended lockdown due to the COVID-19 crisis. Daily Current Affairs Quiz 2020 Key-Points The move by the Central Bank aims to maintain adequate liquidity

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