Reserve Bank of India (RBI) Current Affairs - 2019

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RBI set up Task Force on Secondary Market for Corporate Loans

The Reserve Bank of India (RBI) constituted a task force on secondary market development in corporate loans. About Task Force on Development of Secondary Market for Corporate Loans Composition: It is a six-member body and is headed by Canara Bank chairman T. N. Manoharan. The task force shall submit its report to RBI by end Read More…

Month:  Categories: Business, Economy & Banking

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Harsh Vardhan Committee: on Housing Finance Securitisation Market Development

The Reserve Bank of India (RBI) constituted a committee under Harsh Vardhan, to review existing state of mortgage securitisation in India and suggest measures to develop market further. About Committee on Development of Housing Finance Securitisation Market Composition: The committee constitutes a six-member panel that is headed by Harsh Vardhan, Senior Advisor in Bain & Read More…

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RBI proposes Guidelines for Large NBFC

The Reserve Bank of India (RBI) released a draft circular titled ‘Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs). RBI after analysing recent developments in NBFC sector proposed a set of guidelines for large Non-Banking Financial Companies (NBFCs) to help them deal with severe liquidity problems and to prevent re-occurrence of IL&FS Read More…

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Nilekani Panel to strengthen the Digital Payments Ecosystem

The Reserve Bank of India (RBI) has constituted a high-level committee under Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. Members of the Committee Nandan Nilekani will be the head of the committee which comprises of former RBI deputy governor H.R. Khan, former MD and CEO Read More…

Month:  Categories: Business, Economy & BankingUPSC

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India’s Forex Reserves declined by USD 613.9 million to USD 393.12 billion

India’s foreign exchange reserves declined in this week by USD 613.9 million reaching USD 393.12 billion. This decline has been attributed to the fall in foreign currency assets as per the Reserve Bank of India. The Forex reserves had increased by USD 16.6 million to reach USD 393.734 billion in the previous week. Foreign currency assets, Read More…

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RBI Doubles the FOREX Remittance Limit under Liberalised Remittance Scheme (LRS)

The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs. 1.5 crore) per person per year. This limit was doubled compared to earlier limit of $125,000 per person per year. Under the LRS, Indians can open, maintain Read More…

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RBI keeps key rates unchanged but changes statutory liquidity ratio

The Reserve Bank of India (RBI) has announced sixth Bi-Monthly Monetary Policy Statement. In its bi-monthly monetary policy statement, RBI has not changed its main lending rate i.e.Repo Rate and cash reserve ratio (CRR). But changed statutory liquidity ratio (SLR) of scheduled commercial banks. On the basis of an assessment of the current and evolving Read More…

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