Statement on Developmental and Regulatory Policies

RBI has issued Statement on Development and Regulatory Policies immediately after announcing the Monetary Policy on 8th Oct 2021. This Statement sets out various developmental and regulatory policy measures relating to (i) liquidity measures; (ii) payment and settlement systems; (iii) debt management; and (iv) financial Inclusion and customer protection.

RBI Monetary Policy Bi-Monthly Review 8th October 2021 – Highlights and Key Takeaways

The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 percent but maintained an accommodative stance.

RBI removes PCA restrictions on UCO Bank

The UCO Bank has been taken out of the prompt corrective action (PCA) restrictions.

Monetary Policy – Important Concepts

Why should a country need a monetary policy? Who makes it? What is the purpose of monetary policy? What are the instruments used for it? In this article, we shall learn and understand all major concepts associated with the monetary policy of India.

RBI’s Bi-Monthly Review 6th August 2021- Highlights & Key Takeaways

The Reserve Bank of India’s Monetary Policy Committee has kept the repo rate unchanged at 4 per cent. This is the seventh straight MPC, when RBI kept the rates steady. RBI Guv SHaktikanta Das said that MPC has decided to leave repo rate unchanged and continue with the accommodative stance as long as necessary to support growth. Das said that India is a much better position as compared to June 2021.

Access for Non-banks to Centralised Payment Systems

Access for Non-banks to Centralised Payment Systems RBI/2021-22/73 DPSS.CO.LVPD No.S290/04.04.009/2021-22 July 28, 2021 The Chairman / Managing Director / Chief Executive Officer Authorised Non-bank Payment System Providers Madam / Dear Sir, Access for Non-banks to Centralised Payment Systems A reference is invited to Paragraph 9 of the Statement on Developmental and Regulatory Policies dated April 07,…

Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators

Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators. RBI advises banks/PSOs,”PSOs shall ensure that all their outsourcing arrangements, including the existing ones, are in compliance with this framework by March 31, 2022″

RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Banknotes and Coins

Reserve Bank of India advises members of public to remain cautious and not to fall prey to elements using the name of Reserve Bank of India to extract money through such fictitious/ fraudulent offers.