Recently, the Reserve Bank of India (RBI) has constituted the proposed expert committee under the chairmanship of veteran banker K.V. Kamath to make recommendations on norms for the resolution of COVID-19 related stressed loans. Daily Current Affairs Quiz 2020 Key-Points The new committee ...

In its monetary policy review, the RBI gave the green signal to a loan restructuring scheme for stressed borrowers. Daily Current Affairs Quiz 2020 Key-Points A special window providing one-time loan restructuring to companies and individuals, it will provide relief specifically to those ...

The Reserve Bank of India has announced a set of additional developmental and regulatory policy measures to improve flow of money and provide further support to the financial system, in the wake of rising COVID-19 infections in India and the world. Daily Current Affairs Quiz 2020 Key-Points ...

The Reserve Bank of India (RBI) has signed an agreement for extending a $400-million currency swap facility to Sri Lanka to boost the foreign reserves and ensure financial stability of the country, which is badly hit by the COVID-19 pandemic. The currency swap arrangement will remain available ...

According to RBI data, India’s external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-ago period. The Commercial borrowings remained the largest component of the external debt, with a share of 39.4 per cent, followed by non-resident deposits at 23.4 ...

With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharamanhad announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs. 30,000 crore. RBI will provide funds for the Scheme by subscribing to ...

Reserve Bank of India has reported the government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. Daily Current Affairs Quiz 2020 Key-Points SBICAP which ...

The Reserve Bank of India (RBI) has released data relating to India's International Investment Position as it stood at the end of March 2020. Daily Current Affairs Quiz 2020 Key-Points The ratio of overseas financial assets to India's GDP in 2019-20 (at current market prices) moved up to ...

The government of India has launched of Floating Rate Savings Bonds, 2020 (Taxable) with an interest rate of 7.15 per cent. The bonds will be available for subscription from July 1, 2020 onwards. Individuals (including Joint Holdings) and Hindu Undivided Families (HUF) are eligible to invest in ...

The Centre has decided to bring all urban and multi-State cooperative banks under the supervisions of the RBI to protect depositors. The Union Cabinet approved an ordinance to this effect. Daily Current Affairs Quiz 2020 Key-Points RBI’s powers on scheduled banks would be hence applicable ...