News: The Reserve Bank of India(RBI) has issued a discussion paper on ‘Governance in Commercial Banks’.The discussion paper aims to create a clearly definable separation between the board and the management of a bank. Facts: Guidelines Coverage: The guidelines are applicable to private, foreign and public sector banks. It will come into effect within six… Continue reading Reserve Bank proposes to shore up bank boards
Tag: RBI
RBI creates Payment Infrastructure Development Fund
News: Reserve Bank of India(RBI) has created a Payment Infrastructure Development Fund of Rs 500 crores. Facts: Aim: To encourage the deployment of Points of Sale(PoS) infrastructure both physical and digital modes in smaller cities, towns and north eastern states. Contribution: RBI will make an initial contribution of Rs 250 crore to the fund. The… Continue reading RBI creates Payment Infrastructure Development Fund
Explained: What RBI discontinuing 7.75% saving bonds means to investors
News: Government of India has discontinued the 7.75% savings (taxable) bonds,2018 for subscription. Facts: The 7.75% Savings(Taxable) Bonds,2018 were issued with effect from January,2018. Eligibility: The bonds were available for subscription to resident citizens/Hindu Undivided Family (HUF) to invest in a taxable bond. Investment: The minimum investment in this bond starts at Rs 1,000 with… Continue reading Explained: What RBI discontinuing 7.75% saving bonds means to investors
RBI announces nine additional measures for strengthening the Economy
News:Reserve Bank of India(RBI) has announced several measures for strengthening the Economy in the uncertain times ushered in by the COVID-19 pandemic. Facts: Key measures: Repo Rate: It is the rate at which the RBI lends money to the banks for a short term.It has been reduced by 40 basis points from 4.4% to 4.0%.… Continue reading RBI announces nine additional measures for strengthening the Economy
RBI announces special liquidity facility for mutual funds
News: Reserve Bank of India(RBI) has announced a special window of ₹50,000 crore for Mutual Funds in view of the pressure that the fund houses are facing in the wake of the Coronavirus pandemic. Facts: Mutual Funds: It is a type of financial vehicle made up of a pool of money collected from many investors… Continue reading RBI announces special liquidity facility for mutual funds
[Eco – 104] Part 3/3 – Inflation – Tools to control Inflation – Monetary Policy/Fiscal policies/Supply Side Issues and More- Explained
Inflation is a beast. Read this article to find out how its tamed.
RBI announces second set of measures to preserve financial stability
News:The Reserve Bank of India has come out with the second set of monetary policy measures to preserve financial stability after the government has extended the lockdown. Facts: Reverse Repo Rate:It is the short term borrowing rate at which RBI borrows money from banks.It has been cut to 3.75% from 4%. Liquidity Coverage Ratio(LCR): It… Continue reading RBI announces second set of measures to preserve financial stability
RBI’s monetary Policy statement
News:Reserve Bank of India’s Monetary Policy Committee(MPC) has come out with its own measures to help deal with economic fall out of COVID-19 pandemic. Facts: RBI’s Measures Repo Rate:It is the rate at which the RBI lends money to the banks for a short term.It has been cut by 75 basis points (bps) from 5.15%… Continue reading RBI’s monetary Policy statement
RBI announces Rs 10,000 crore Open Market Operations(OMO)
News:The Reserve Bank of India(RBI) has announced Rs 10,000 crore open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus crisis. Facts: About Open Market Operations(OMO): Open market operations is the sale and purchase of government securities and treasury bills by RBI or the central bank of… Continue reading RBI announces Rs 10,000 crore Open Market Operations(OMO)
RBI releases new guidelines for payment aggregators
News:The Reserve Bank of India (RBI) has released guidelines for regulating activities of Payment Aggregators(PAs) and Payment Gateways(PGs) in the country. Facts: About:Reserve Bank of India(RBI) has defined Payment Gateways and Payment Aggregators as those entities who: provide technology infrastructure to route and / or facilitate processing of an online payment transaction and perform other… Continue reading RBI releases new guidelines for payment aggregators
