RBI, NPCI Introduce Credit Lines On UPI, Conversational Payments: In a significant move aimed at enhancing India’s digital payment ecosystem, Shaktikanta Das, Governor of the Reserve Bank of India, announced a series of new UPI (Unified Payments Interface) capabilities developed by the National ...

RBI governor Shaktikanta Das ranked top central banker globally: Reserve Bank of India (RBI) Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Daily Current Affairs Quiz: September 2023 He has been rated 'A+' in the Global ...

Reserve Bank of India keeps key interest rate unchanged for third time: According to the Reserve Bank of India (RBI) Monetary Policy, released in August 2023, the RBI's Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 percent. Daily Current Affairs ...

Current RBI Governor of India, Know His Name: Shaktikant Das, the current RBI Governor, assumed the position of the 25th Governor of RBI in December 2018. Shaktikant Das, a seasoned Indian Administrative Service (IAS) official, brought to his job a varied variety of administrative and economic ...

The Reserve Bank on January 28, 2022 said it has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of ₹ 1 lakh on withdrawals. The restrictions came into force from closure of business hours on January 28, 2022. The restrictions would remain in force ...

The Reserve Bank of India (RBI) on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs) with effect from October 2022, putting restrictions on para-banks whenever vital financial metrics dip below the prescribed threshold. It will put ...

The Reserve Bank of India (RBI) has decided to conduct an open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of Rs15, 000cr on 23, September 2021. Simultaneously, RBI will also sell Government Securities under Open Market ...

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on private lender Axis Bank for non-compliance. The penalty was announced by the central bank on September 1. RBI had carried out scrutiny during February 2020 and March 2020 in a customer account maintained with the ...