RBI Current Affairs - 2020

RBI unveils National Strategy for Financial Education 2020-2025

Reserve Bank of India (RBI) has launched the National Strategy for Financial Education (NSFE) to be implemented for the period of next five years i.e. 2020 to 2025. This is the second national strategy; the first NSFE was launched in 2013. NSFE 2020-25 has been launched with an aim of achieving a financially aware and Read More…

Sashidhar Jagdishan is the new CEO of HDFC Bank

Now its officially confirmed Reserve Bank of India has given green signal to the appointment of Sashidhar Jagdishan as the chief executive and managing director of HDFC Bank. Sashidhar Jagdishan who has been working with the HDFC bank since 1996 as the “change agent” will succeed Aditya Puri.  About the Ex-CEO and MD Aditya Puri Read More…

RBI creates Payment Infrastructure Development Fund

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is to come through the card issuing banks. The fund has been created to increase point Read More…

Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to Read More…

Group of Ministers submitted draft proposal on Employment and Skill Development

The Group of Ministers Committee formed under the leadership of Social Justice and Empowerment Minister recently submitted its draft proposals on employment and skill development. Proposals made The following proposals were made by the draft The draft has proposed “The Land Pooling Model”. The model is being used in greenfield airports. The proposal suggests to Read More…