The Reserve Bank of India has approved a dividend payout of Rs 57,128 crore as surplus to the central government for the accounting year 2019-20, while deciding to maintain the contingency risk buffer at 5.5%. Daily Current Affairs Quiz 2020 Key-points The decision was taken at the 584th ...

Reserve Bank of India (RBI) has formed a five member committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations on the financial parameters to be considered in the restructuring of loans impacted by the Covid 19 pandemic. The Committee is tasked to recommend ...

The Reserve Bank of India has issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. In order to enable the banks to have current instructions at one place, a Master Circular incorporating the existing guidelines/instructions/directives on the subject has been ...

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 ...