Reserve Bank of India (RBI) Current Affairs - 2020

Kamath Panel constituted by RBI to restructure loans

The Reserve Bank of India has constituted a panel under former ICICI bank CEO K V Kamath. The panel will make recommendations on financial parameters that are to be considered to structure loans that are impacted by COVID-19. About the committee The Committee will recommend financial parameters that are required to be factored in the Read More…

Facts Box: Consumer Confidence Survey

The Reserve Bank of India recently released its report of Consumer Confidence Survey. According to the survey, consumer confidence has dropped to a record low. Highlights The current index dropped to 53.8 in July, 2020 from 63.7 in May. The survey was conducted through telephonic interviews in thirteen major cities. Key findings of the survey Read More…

RBI launches “Innovation Hub” for Financial Inclusion

On August 6, 2020, the Reserve Bank of India launched “Innovation Hub” for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion. About Innovation Hub The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities. This will Read More…

RBI Monetary Policy: Bank keeps repo rate unchanged

On August 6, 2020, the six-member Monetary Policy Committee (MPC) of Reserve Bank of India held its meeting in New Delhi. The committee was headed by RBI Governor Shaktikanta Das. Highlights During the meet, the following key decisions were taken The repo rate was kept the same at 4% The reverse repo rate was kept Read More…

India-Sri Lanka: RBI extends 400 million USD of Currency Swap

On July 25, 2020, the Reserve Bank of India extended 400 million USD of currency swap with Sri Lanka. The currency swap agreement is to remain till November 2022. Highlights The currency swap facility was extended under the SAARC Currency Swap Framework. India is currently considering bilateral currency swap request of Sr Lanka for 1.1 Read More…