State Government and SBI General Insurance Sign MoU for DRTPS Initiative Introduction The State Government has recently signed a Memorandum of Understanding (MoU) with SBI General Insurance to launch the Digital Risk Transfer Protection Scheme (DRTPS). This new initiative aims to bolster the financial security and insurance coverage for various government schemes and projects. The…
RBI Bags Risk Manager of the Year Award 2024 by London’s Central Banking Publication The Reserve Bank of India (RBI) has been honored with the prestigious “Risk Manager of the Year Award 2024” by London’s Central Banking Publication. This accolade recognizes the RBI’s exceptional risk management practices and its proactive approach in navigating the complex…
RBI Revises Guidelines for Banks’ Capital Market Exposure in T1 Settlement The Reserve Bank of India (RBI) has recently made significant revisions to the guidelines concerning banks’ exposure to the capital market during T1 settlement. These changes aim to enhance risk management practices and ensure the stability of the financial system. Revised Guidelines Overview The…
RBI Lowers Margin Funding Limits to 30% from 50% The Reserve Bank of India (RBI) has recently announced a significant change in margin funding limits, reducing it from 50% to 30%. This alteration is expected to have far-reaching implications on various sectors, particularly in the financial markets. Here’s a comprehensive overview of the development: Introduction…
RBI Expands Gold Hedging Options for Residents Amidst Price Surge The Reserve Bank of India (RBI) has recently announced an expansion in gold hedging options for residents amidst a significant surge in gold prices. This move comes as a response to the growing demand for hedging mechanisms among residents to mitigate risks associated with gold…
Landmark CDS Trade: SBI and Standard Chartered Embrace New RBI Norms In a significant move towards bolstering India’s financial infrastructure, State Bank of India (SBI) and Standard Chartered recently engaged in a landmark Credit Default Swap (CDS) trade, adhering to the latest norms set forth by the Reserve Bank of India (RBI). This groundbreaking transaction…
All-in-One Affordable Insurance Cover “Bima Vistaar” to be Rolled Out Soon In the ever-evolving landscape of insurance services, a new offering is set to make waves – “Bima Vistaar.” This innovative insurance product is poised to cater to the diverse needs of individuals, providing comprehensive coverage at an affordable price point. As students preparing for…
Understanding the Significance of National Insurance Awareness Day 2023 National Insurance Awareness Day is observed on June 28th every year to promote awareness about the importance of insurance and its various aspects. This day serves as a reminder for individuals and businesses to evaluate their insurance needs and ensure they have adequate coverage. In this…
RBI Notifies Four Key Measures to Strengthen Urban Co-operative Banks The Reserve Bank of India (RBI) has recently taken significant steps to enhance the stability and governance of urban cooperative banks (UCBs). In a notification issued by the RBI, four key measures have been introduced to strengthen UCBs and ensure their seamless functioning. These measures…
