RBI Current Affairs

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Cabinet approves amendments to NABARD Act, 1981

Union Cabinet has approved proposal for amending National Bank for Agriculture and Rural Development Act, 1981. Decision in this regard was taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet Approvals Amendments in Act to increase authorized capital of NABARD from Rs. 5,000 crore to Rs. 30,000 crore… Read More »

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Government notifies Specified Bank Notes (Cessation of Liabilities) Act, 2017

The Union Government has notified the Specified Bank Notes (Cessation of Liabilities) Act, 2017 to prohibit the holding, transferring or receiving of scrapped old Rs.500 and Rs. 1000 currency notes from 31 December, 2016, This law makes possession of more than a certain number of the old Rs. 500 and Rs. 1,000 notes a criminal… Read More »

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RBI sets up inter-disciplinary standing committee to review cyber threats

The Reserve Bank of India (RBI) has set up of an inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The 11-member committee will be headed by Meena Hemchandra, RBI Executive Director. It can co-opt more experts and also operate through a framework of sub-committees to examine… Read More »

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RBI allows multilateral FIs to invest in masala bonds

The Reserve Bank of India (RBI) has permitted multilateral and regional financial institutions (FIs) to invest in ‘masala bonds’, rupee denominated bonds issued by Indian entities. This decision will allow multilateral agencies like Asian Development Bank (ADB) and BRICS led New Development Bank (NDB) to invest in these bonds. It also provides more choices of… Read More »

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RBI to set up committee on strengthening cyber security

The Reserve Bank of India (RBI) has decided to set up an inter-disciplinary Standing Committee on cyber security to examine various threats and suggest measures to deal with it. The committee will suggest appropriate policy interventions to strengthen cyber security and resilience in a bid to strengthen cyber security system. Functions of Committee Review the… Read More »

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