Special Rupee Vostro Accounts (SRVA)
Special Rupee Vostro Accounts (SRVA) are a strategic initiative by the Indian government, involving 20 Russian banks opening accounts with
RBI Policy Initiatives for Financial Markets and Digital Payments | UPSC
RBI Policy Initiatives have been announced to enhance efficiency, transparency, and security in financial markets, lending institutions, and digital payments.
Credit rating
Recently, Rating agency ICRA revised downwards its outlook for the Indian banking sector to ‘stable’ from ‘positive’ citing moderation in
Negative Interest Rates
The Bank of Japan recently raised its key interest rates, stepping away from the country’s negative interest rate policy for
Interoperable net banking payments
The Reserve Bank of India (RBI) has approved the implementation of an interoperable payment system for internet banking transactions. Key
NEFT (National Electronic Funds Transfer)
According to the RBI, the NEFT (National Electronic Funds Transfer) system has seen a 700% growth in transaction volume from
Bharat Bill Payment System (BBPS)
The Reserve Bank of India has introduced a revised regulatory framework for Bharat Bill Payment System (BBPS) to streamline bill
National Bank for Financing Infrastructure and Development (NaBFID)
The Union Minister for Finance and Corporate Affairs recently chaired a meeting to assess the progress of the National Bank
RBI updates framework for Regulatory Sandbox
Reserve Bank of India (RBI) has recently revised the ‘Enabling Framework for Regulatory Sandbox‘, aimed at fostering responsible innovation in
Securities Appellate Tribunal (SAT)
The absence of a full Bench at the Securities Appellate Tribunal (SAT) has crippled its functioning leading to delays and