The Reserve Bank has asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to Rs 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government. Daily Current ...

Reserve Bank of India (RBI) is going to conduct its first-ever Open Market Operation (OMO) purchase of State Developments Loans (SDLs) on 22nd October. Daily Current Affairs Quiz 2020 Key-Points The OMOs worth ten thousand crore rupees will be conducted as a special case during the ...

The Monetary Policy Committee of the Reserve Bank of India kept the repo rate unchanged at four per cent. The committee unanimously voted to keep rates unchanged, and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. Daily Current Affairs Quiz ...

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to discontinue the system-based automatic caution-listing of exporters in view of the impact of COVID-19 pandemic. Daily Current Affairs Quiz 2020 Key-Points The decision will also empower exporters to ...

The government appointed RBI’s senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank. Daily Current Affairs Quiz 2020 Key-Points Rao was appointed to the post vacated by N S Vishwanathan, who stepped down three months ahead of his extended tenure on ...

Reserve Bank of India has proposed allowing foreign portfolio investors (FPIs) to undertake exchange-traded rupee interest rate derivatives transactions subject to an overall ceiling of Rs 5,000 crore. Daily Current Affairs Quiz 2020 Key-Points Interest Rate Derivatives (IRDs) are ...

Reserve Bank of India has issued guidelines for appointment of Chief Compliance Officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry. Daily Current Affairs Quiz 2020 Key-Points The CCO must be appointed for a ...

The Reserve Bank of India announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ along with sector ...

Recently, Reserve Bank of India has unveiled the framework for setting up of pan-India Umbrella Entity for Retail Payments. Daily Current Affairs Quiz 2020 Key-Points The companies with a net worth of over 500 crore rupees will be eligible to set up an umbrella entity which will be ...

Reserve Bank of India (RBI) will make cheque payments safer and reduce instances of frauds by the introducing of new 'Positive Pay' mechanism. Issuers will be able to send all details to their bank, thereby ensuring faster clearance of cheques above Rs 50,000. Daily Current Affairs Quiz 2020 ...