Reserve Bank of India Current Affairs - 2019

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RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 lakh ATMs in India. At end of April 2019, there were over 88.47 crore debit Read More…

Month:  Categories: Business, Economy & BankingUPSC

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RBI Monetary Policy review: Repo rate lowest since 2010

The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. Key Highlights With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate Read More…

Month:  Categories: Business, Economy & BankingUPSC

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Nilekani Panel suggests measures to encourage Digital Payments

The Reserve Bank of India (RBI) appointed Nandan Nilekani committee has submitted its suggestions on measures to encourage digital payments in India to RBI Governor Shaktikanta Das. Background: In January 2019 the RBI had set up the five-member panel under the chairmanship of Nandan Nilekani to provide suggestions on deepening digital payments with a view Read More…

Month:  Categories: Business, Economy & BankingUPSC

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Financial Literacy Week 2019 organised by RBI

The Financial Literacy Week 2019 will be observed from 3 June to 7 June. It is an annual initiative by Reserve Bank of India (RBI) to promote awareness on key topics through a focused campaign. Key Highlights The theme of Financial Literacy Week 2019 is ‘Farmers’ which focuses on how they can benefit by being Read More…

Month:  Categories: Business, Economy & BankingUPSC

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RBI to create a ‘Specialised Supervisory and Regulatory Cadre’

The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create a Specialised Supervisory and Regulatory Cadre within the RBI was taken at the recent two-day meeting of Reserve Bank of India’s (RBI’s) Central Board which was held Read More…

Month:  Categories: Business, Economy & Banking

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Nilekani Panel on Digital Payments submits report to RBI

The Reserve Bank of India (RBI) appointed committee on ‘suggestions on promoting digital payment’ has submitted its report to RBI Governor Shaktikanta Das. The committee was headed by Nandan Nilekani, also known as Aadhaar Architect. Key Highlights Background: In January 2019 RBI had set up a five-member panel headed by Nilekani, on deepening digital payments Read More…

Month:  Categories: Reports & Indices

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RBI releases Vision Document (2019-2021) for e-Payment System

The Reserve Bank of India (RBI) has released a vision document to ensure a more convenient, affordable, quick, safer and secure e-payment system. The RBI’s vision document is titled ‘Payment And Settlement Systems In India: Vision 2019 – 2021’ Key Highlights about Vision Document Reason: The vision document is released on a pretext that as Read More…

Month:  Categories: Business, Economy & Banking

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