The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said ...

The Reserve Bank of India has permitted authorised card networks to offer card tokenisation services to any token requestor in a bid to make card transactions more safe, secure and convenient for the users. Daily Current Affairs Quiz 2021 In a notification issued, RBI said that it has ...

Reserve Bank of India had extended the scheme for encouraging the deployment of Point of Sale (PoS) infrastructure to street vendors which comes under the PM SVANidhi programme. Daily Current Affairs Quiz 2021 The Reserve Bank has now decided to include street vendors identified as part of ...

The Reserve Bank of India (RBI) announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. Daily Current Affairs Quiz 2021 The announcement regarding the creation of the Financial Inclusion Index was made in ...

The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave. Daily Current Affairs Quiz 2021 The panel has also raised the inflation target for ...

The Reserve Bank of India is working on phased introduction of its own digital currency and is mulling pilot projects in wholesale and retail segments in the near future. Daily Current Affairs Quiz 2021 Several countries have implemented specific purpose Central Bank Digital Currencies ...

The Reserve Bank has extended the tenure of Deputy Governor Mahesh Kumar Jain for two years. Daily Current Affairs Quiz 2021 Jain was appointed as deputy governor for three years in June 2018. Before joining the Reserve Bank of India, he was managing director of IDBI Bank. The other three ...

Recently the Reserve bank of India (RBI) has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. Daily Current Affairs Quiz 2021 The central bank has taken this decision due to lack of sufficient capital and ...

The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from May 2021 to September 2021. Daily Current Affairs Quiz 2021 The Bonds will be sold through Scheduled Commercial ...

Housing Finance Companies (HFCs) have come under the direct supervision of the Reserve Bank of India (RBI) since August 2019 and existing home loan customers are getting differential treatment from banks and HFCs. Daily Current Affairs Quiz 2021 Over the last 18 months to 5 years, if bank ...