RBI approves Cygnet to operate as NBFC account aggregator : Fintech firm, Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator. October 2022 Current Affairs Quiz Account Aggregator: It is ...

RBI raised minimum capital requirement for setting up ARCs : The Reserve Bank has raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from Rs 100 crore. October 2022 Current Affairs QuizAim: To strengthen the securitization sector ...

RBI launched SupTech app, DAKSH to improve supervisory processes: The Governor of RBI, Shaktikanta Das has launched a new 'SupTech' initiative called DAKSH. October 2022 Current Affairs Quiz Aim: It will be the advanced supervisory monitoring system of bank. It will help to make ...

RBI issues directions for appointment of Internal Ombudsman: RBI has issued directions for appointment of Internal Ombudsman for all Credit Information Companies (CICs). October 2022 Current Affairs Quiz Eligibility: Every CIC must appoint the Internal Ombudsman for a fixed term of 3 ...

RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a new 'SupTech' initiative DAKSH - the bank's Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more ...

RBI hikes repo rate by 50 basis points to 5.9%: The Reserve Bank of India (RBI) has increased repo rate by a half percent to 5.9%. October 2022 Current Affairs Quiz Accordingly, Standing Deposit Facility stands adjusted to 5.65%, and Marginal Standing Facility and Bank rate ...

S&P Global retains India’s 2022-23 growth at 7.3%: S&P Global Ratings has retained economic growth projection of India at 7.3% in the current fiscal. S&P has also predicted that inflation is likely to remain above the Reserve Bank of India's upper tolerance threshold of 6% till the end ...

UCO Bank becomes first lender to get RBI’s approval for rupee trade: UCO Bank has received the approval of the Reserve Bank of India to open a special Vostro account with Gazprom Bank of Russia for trade settlement in Indian rupees. September 2022 Current Affairs Quiz UCO Bank which ...

RBI cancels license of Maharashtra-based Laxmi Cooperative Bank: RBI has cancelled the licence of Maharashtra-based the Laxmi Co-operative Bank. Reason: Lack of adequate capital. September 2022 Current Affairs Quiz Claim: Every depositor would be entitled to receive a deposit ...

RBI Governor Launches 3 key Gigital Payment Initiatives at Global Fintech Fest 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das, in the presence of Nandan Nilekani, Chairman Infosys and Advisor to NPCI; and Biswamohan Mahapatra, Chairman National Payments Corporation of India (NPCI), on ...