Background In 2022, the Reserve Bank of India launched the Digital Rupee or e₹ on a pilot basis. It is part of the broad initiative by the Indian government and the RBI to modernise the financial system and enhance financial …
Background In 2022, the Reserve Bank of India launched the Digital Rupee or e₹ on a pilot basis. It is part of the broad initiative by the Indian government and the RBI to modernise the financial system and enhance financial …
About RRBs Based on the recommendations of the Narasimham committee on rural credit, Regional Rural Banks (RRBs) were established in 1975 under the Regional Rural Banks Act, 1976 to provide financial assistance to different segments of the rural population. The …
What’s in the news? The Reserve Bank of India (RBI) has announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions. The decision comes at a time when the domestic currency is sliding …
Background In 2023, the Reserve Bank of India (RBI) introduced a regulatory framework for banks to accept green deposits from customers. Under the new framework, banks that accept green deposits will have to disclose more information on how they invest …
About Liberalized Remittance Scheme The liberalized remittance scheme allows Indian residents to remit funds abroad for various specified purposes without any restrictions or prior approval from the RBI. It has several advantages but is subject to certain eligibility criteria. The …
About SDB In 2022, the Reserve Bank of India (RBI) introduced the Standing Deposit Facility (SDF), allowing banks to park their excess funds at a higher rate but without taking any collateral from the central bank. Currently, the SDF rate …
About WMA The Reserve Bank of India (RBI) gives temporary loans to the centre and state governments as a banker to the government. This facility is called Ways and Means Advances (WMA). This facility was introduced in 1997. Thus, WMA …
About The Reserve Bank of India (RBI) conducts nationwide Consumer Confidence Survey every two months among select households in major cities. It is conducted with an objective to assess their current perception and future expectations on various economic parameters such …
Context This article highlights the need for geographic diversification of corporate social responsibility (CSR) spending and the way forward for its implementation. What is Corporate Social Responsibility? CSR is a management concept through which a company achieves a balance of …