Reserve Bank of India Current Affairs

RBI launched SupTech app, DAKSH to improve supervisory processes

RBI launched SupTech app, DAKSH to improve supervisory processes: The Governor of RBI, Shaktikanta Das has launched a new ‘SupTech’ initiative called DAKSH. October 2022 Current Affairs Quiz Aim: It will be the advanced supervisory monitoring system of bank. It will help to make the supervisory processes more robust. DAKSH: It is a web-based end-to-end workflow application. With the […]

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RBI issues directions for appointment of Internal Ombudsman

RBI issues directions for appointment of Internal Ombudsman: RBI has issued directions for appointment of Internal Ombudsman for all Credit Information Companies (CICs). October 2022 Current Affairs Quiz Eligibility: Every CIC must appoint the Internal Ombudsman for a fixed term of 3 to 5 years. Either a retired or a serving officer. Not below the rank of Deputy GM or

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RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System

RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust. October 2022 Current Affairs Quiz In a statement, the Reserve Bank of India

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RBI hikes repo rate by 50 basis points to 5.9%

RBI hikes repo rate by 50 basis points to 5.9%: The Reserve Bank of India (RBI) has increased repo rate by a half percent to 5.9%. October 2022 Current Affairs Quiz Accordingly, Standing Deposit Facility stands adjusted to 5.65%, and Marginal Standing Facility and Bank rate stand adjusted to 6.15%. Since May 2022, he RBI has raised the

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S&P Global retains India’s 2022-23 growth at 7.3%

S&P Global retains India’s 2022-23 growth at 7.3%: S&P Global Ratings has retained economic growth projection of India at 7.3% in the current fiscal. S&P has also predicted that inflation is likely to remain above the Reserve Bank of India’s upper tolerance threshold of 6% till the end of 2022. September 2022 Current Affairs Quiz Reason: The external environment

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UCO Bank becomes first lender to get RBI’s approval for rupee trade

UCO Bank becomes first lender to get RBI’s approval for rupee trade: UCO Bank has received the approval of the Reserve Bank of India to open a special Vostro account with Gazprom Bank of Russia for trade settlement in Indian rupees. September 2022 Current Affairs Quiz UCO Bank which is a Kolkata-based lender is the first bank to receive the regulator’s approval

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RBI cancels license of Maharashtra-based Laxmi Cooperative Bank

RBI cancels license of Maharashtra-based Laxmi Cooperative Bank: RBI has cancelled the licence of Maharashtra-based the Laxmi Co-operative Bank. Reason: Lack of adequate capital. September 2022 Current Affairs Quiz Claim: Every depositor would be entitled to receive a deposit insurance claim amount upto 5 lakh rupees. The Commissioner for Cooperation and Registrar of Cooperative Societies (Maharashtra) has also been asked wind

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RBI Governor Launches 3 key Gigital Payment Initiatives at Global Fintech Fest 2022

RBI Governor Launches 3 key Gigital Payment Initiatives at Global Fintech Fest 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das, in the presence of Nandan Nilekani, Chairman Infosys and Advisor to NPCI; and Biswamohan Mahapatra, Chairman National Payments Corporation of India (NPCI), on Tuesday launched three key initiatives during the Global Fintech Fest 2022

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RBI take out Central Bank of India from PCA restrictions

RBI take out Central Bank of India from PCA restrictions: RBI has decided to remove the Central Bank of India from its Prompt Corrective Action Framework (PCAF). September 2022 Current Affairs Quiz Reason: Improvement in various financial ratios, including minimum regulatory capital PCA norms: It is a supervisory tool and is imposed on banks, when they breach certain regulatory thresholds

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Reserve Bank of India named Pralay Mondal as CEO of CSB Bank

Reserve Bank of India named Pralay Mondal as CEO of CSB Bank: On September 16, Kerala-based CSB Bank announced the appointment of Pralay Mondal as the bank’s new Managing Director and CEO. September 2022 Current Affairs Quiz According to a press release, the Board of Directors of the Bank authorised the appointment of Mondal as

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