The objective of OMO is to regulate the money supply in the economy. RBI carries out the OMO through commercial banks and does not directly deal with the public. It was in the news recently that The Reserve Bank of India is planning to inject Rs. 15,000 crores into the financial system...
RBI projects 7.2% GDP growth for FY 2024-25. October 10, 2024 The RBI estimates GDP growth at 7.2% for 2024-25, driven by strong domestic demand, low raw material costs, and manufacturing sector growth. In Q1, GDP growth was 6.7%, with revised projections of 7% for Q2, 7.4% for Q3...
On April 4, 2022, HDFC Bank agreed to take over HDFC in a deal valued at about USD 40 billion which is termed the biggest transaction in India’s corporate history. In April 2023, the Reserve Bank of India (RBI) permitted HDFC Bank or HDFC to raise their stake in HDFC Life Insurance ...
For the very purpose of getting you ready for the challenge that is Current Affairs In India, we are covering the 2017 january current affairs including politics current affair, current affair news, science current affairs, general knowledge current affair, current government affair and international ...
On 2nd September 2022, the Reserve Bank of India(RBI) has launched the pilot for end-to-end digitalisation of Kisan Credit Card (KCC) lending. the project was developed by the Reserve Bank Innovation Hub (RBIH) in association with RBI. ...
C. RBI D. SEBI ANSWER: B “Gram Manchitra” Application, Recently Launched, Is Associated With A. Geographic Information System B. Cultural Archive C. Educational Resource D. Vaccination Reminder ANSWER: A Impatiens Karuppusamyi Which Was Seen In News, Belongs To Which Species ...
Monetary policy Update: RBI hiked Repo Rate by 50 basis point.The Monetary Policy Committee of Reserve Bank of India, which met from 6-8 June 2022, has unanimously decided to hike the Repo Rate by 50 basis points to 4.90 % Standing Deposit Facility Rate: 4.65% Marginal Standing Facility ...
• RBI Deputy Governor Viral Acharya has submitted his resignation. He was in-charge of the Monetary Policy Department. • In Gymnastics, India's Pranati Nayak clinched a bronze medal in vault event at the Senior Asian Artistic Championships in Ulaanbaatar, Mongolia.• Saudi Arabia becomes th...
(G-Sec) and Treasury Bills (T-Bills). This will allow retail investors to invest in Government Securities and hold them in existing demat accounts. The non-competitive bidding facility was introduced by the Reserve Bank of India (RBI) to encourage retail participation in the primary market for...
In News The National Clean Air Programme missed the 2024 target to push back pollution. What is the NCAP? It was launched by theMinistry of Environment, Forest and Climate Change in January 2019as a comprehensive initiative in partnership with various Ministries and States to improve air quality...