Reserve Bank of India Current Affairs - 2020

RBI Annual Report 2019-20

On August 25, 2020, the Reserve Bank of India released its annual report 2019-20. The report has made it very clear to the world that the apex bank stands as a bank with the highest levels of financial resilience globally. According to the report, the total income in 2019-20 has increased by 28.97%. Highlights The Read More…

Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal Read More…

India becomes 12th Largest Holder of US Government Securities at April 2020 end

Despite low returns, the Treasury Securities (are of four types- Bills, Notes, Bonds, Inflation-Protected Securities) backed by the United States Treasury Department is one of the safest assets for any Central Bank around the world. With USD 157.4 billion at the end of April 2020, India has become the 12th largest holder of United States Read More…

RBI extends restrictions on PMC Bank, eases Withdrawal Limit

The Reserve Bank of India on 19th June 2020 has extended the regulatory restrictions imposed on the multi-state urban Cooperative Bank, Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) by another 6 months. As per the earlier notice dated March 21st, 2020, the regulatory restrictions were up to 22nd June 2020, which now has been Read More…

RBI capped Rs 50,000 as withdrawal limit of YES Bank customers: What is YES BANK CRISIS in news?

On March 5, 2020, the Reserve Bank of India imposed a month-long moratorium. Also, the Apex Bank has imposed withdrawal restrictions of Rs 50,000 to the customers. However, in case of medical emergencies and higher education fees, the restriction has been increased to Rs 5 lakhs. Highlights The Reserve Bank has taken actions as the Read More…