Tag: Reserve Bank of India (RBI)

RBI to evaluate the impact of ‘RBI Kehta Hai’ drive

November 10, 2020

• The Reserve Bank of India will assess the impact of the multi-media public awareness campaign ‘RBI Kehta Hai’, which was started in 14 languages to aware the public about safe banking and financial practices.

Shaktikanta Das chairs 40th SAARCFINANCE Governors’ Group meeting

November 6, 2020

• Reserve Bank of India (RBI) Governor Shaktikanta Das on 4th Nov inaugurated and led the 40th meeting of the SAARCFINANCE Governors’ Group.
• During his opening remarks, the RBI Governor highlighted the strong partnership and co-operation among the member countries in jointly fighting the pandemic. The group received stock of the macroeconomic situation in the SAARC region and discussed the current SAARCFINANCE initiatives.

RBI: Maximum aggregate exposure limit for small businesses to Rs 7.5 crore

October 14, 2020

• The Reserve Bank of India (RBI) now raised banks’ maximum aggregate retail exposure limit to small businesses with turnover up to Rs 50 crore to Rs 7.5 crore, up from Rs 5 crore.

6 months extension given to CMD of J&K Bank, R.K. Chhibber

October 10, 2020

• Reserve Bank of India (RBI) has extended the term of Rajesh Kumar (R.K.) Chhibber as Chairman and Managing Director (CMD) of Jammu & Kashmir Bank for another 6 months, effective from October 10, 2020.

M Rajeshwar Rao appointed as the RBI Deputy Governor

October 8, 2020

• The Centre has appointed M Rajeshwar Rao as the new deputy governor of the Reserve Bank of India on 7th October 2020.
• Four Deputy governors of RBI are M. D. Patra, B. P. Kanungo. M. K. Jain and M Rajeshwar Rao.

GoI appoints three new economists as RBI’s MPC members

October 7, 2020

• Three new economists appointed as the members of the six-member rate-setting Monetary Policy Committee(MPC) of the Reserve Bank of India (RBI) by the Government of India.

Vakrangee gets RBI approval to set up BBPS unit

September 30, 2020

• The Reserve Bank of India (RBI) has granted in-principle approval to Vakrangee Ltd to set up Bharat Bill Payment Operating Unit (BBPOU) to handle payment services related to bills.

“Positive Pay System” for Cheque Truncation System launched by RBI

September 27, 2020

• “Positive Pay System” for Cheque Truncation System to be launched from 1^st January,2021 as announced by Reserve Bank of India. Banks will be required to enable the system for all account holders issuing cheques for amounts of Rs 50,000 and above.

AK Das appointed as the new administrator of PMC Bank

September 24, 2020

• The Reserve Bank of India (RBI) has appointed AK Das as the new administrator of the Punjab and Maharashtra Co-operative (PMC) Bank. He has replaced JB Bhoria.

Amitabha Ghosh the former RBI governor passes away

September 18, 2020

• Amitabha Ghosh, the former Reserve Bank of India governor, passed away. He had served as the 16th Governor of the Reserve Bank of India for 21 days between January 15, 1985, to February 4, 1985.