RBI Forms External Working Group on Expected Credit Loss Framework The Reserve Bank of India (RBI) recently established an External Working Group to deliberate upon the Expected Credit Loss (ECL) framework. This move by the central bank holds significant importance for aspirants preparing for various government exams, including positions in banking, as it reflects the…
RBI Revealed Its Fourth Bi-Monthly Monetary Policy The Reserve Bank of India (RBI) recently announced its Fourth Bi-Monthly Monetary Policy, which holds significant importance for various government exams, including those for positions in the banking sector, civil services like IAS, and more. In this article, we will delve into the key highlights of this policy…
RBI Appoints Muneesh Kapur as Executive Director The Reserve Bank of India (RBI) has recently made a significant appointment by naming Muneesh Kapur as its Executive Director. This move has grabbed the attention of aspirants preparing for various government exams, including those for positions in the banking sector, civil services like IAS, and more. In…
Indian Retail Inflation Eases to 6.83% in August The latest figures on India’s retail inflation for the month of August have brought some relief as inflation rates have eased slightly. In this article, we will delve into the significance of this news, provide historical context, and present five key takeaways that students preparing for various…
RBI and NPCI Introduce Credit Lines on UPI Conversational Payments In recent developments in the financial sector of India, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have introduced a significant change that is set to revolutionize digital payments. This move involves the introduction of credit lines on UPI…
RBI Allows Pre-Sanctioned Credit Lines Through UPI The Reserve Bank of India (RBI) has recently introduced a groundbreaking initiative that promises to revolutionize the way credit lines are accessed and utilized in the country. In a move that will have far-reaching implications for various competitive exams, including those for positions such as teachers, police officers,…
Record Bank Credit Outstanding to Real Estate Reaches Rs 28 Trillion in July: RBI The real estate sector in India has witnessed a significant boost as the Reserve Bank of India (RBI) reported a record-breaking bank credit outstanding to the real estate industry, reaching a whopping Rs 28 trillion in July. This development holds immense…
Bandhan Bank Authorized by RBI for Civil Pension Disbursement The Reserve Bank of India (RBI) has recently authorized Bandhan Bank for the disbursement of civil pensions. This development marks a significant milestone for Bandhan Bank and is of great importance for candidates preparing for various government exams, including those aiming for positions in the civil…
Reserve Bank of India (RBI) Approves Merger of Akola Merchant Co-operative Bank with Jalgaon People’s Co-operative Bank The Reserve Bank of India (RBI) has given its nod to the merger of Akola Merchant Co-operative Bank with Jalgaon People’s Co-operative Bank. This significant move is set to impact various government exams, including those for positions such…
RBI Raises Offline Payment Transaction Upper Limit to ₹500 from ₹200 In a significant move aimed at promoting digital transactions and reducing the reliance on cash in India, the Reserve Bank of India (RBI) has recently increased the offline payment transaction upper limit to ₹500 from ₹200. This decision comes as a part of RBI’s…
