RBI Released Revised PCA Framework

Current Context: The Reserve Bank of India (RBI) has released revised Prompt Corrective Action (PCA) framework. It is released for banks to have supervisory intervention at correct and appropriate time. The revised PCA …

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GOI will Borrow Rs 51,000 crore in March 2020

Current context: The Reserve Bank of India (RBI) in consultation with the government has raised the borrowing target from short-term securities by Rs 51,000 crore during the month of March 2020.

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RBI Announced US Dollar Sell/Buy Swap

Current context: The Reserve Bank of India has announced a six month US dollar sell/buy swap in a statement issued on 12th March 2020.

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India's Current Account Deficit

Current context: According to data released by Reserve Bank of India (RBI) on 12th March 2020, India's current account deficit (CAD) stands just at $1.4 billion in the October- December quarter of the 2019-20 fiscal…

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RBI Issued New Rules for Debit and Credit Card

Current context: The Reserve Bank of India issued new rules for credit and debit cards on 15th January 2020 to improve user convenience and increase the security of card transactions.

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RBI amended the KYC Norms

Current context: The RBI has amended the KYC norms to use Video based Customer Identification Process (V-CIP) on 10th Jan 2020.

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RBI has Launched a Mobile App, MANI

Current context: Reserve Bank of India (RBI) has launched a mobile app named Mobile Aided Note Identifier (MANI) to help visually challenged people to identify denomination of currency

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RBI ‘Fit and Proper’ Criteria for Elected Directors of PSB

The Reserve Bank of India tightened rules for elected directors on the boards of public sector banks, responding to

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