RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders: To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this online platform for […]
Category: Economics Current Affairs
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse
IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse: Sumant Kathpalia, the Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank, has resigned with immediate effect, taking moral responsibility for severe accounting discrepancies in the bank’s derivatives portfolio. The lapses, which were uncovered during an internal investigation and confirmed […]
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes: The Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. This directive is set to roll out in phases, with specific deadlines for implementation.The […]
RBI Launches 3 Key Surveys for Monetary Policy Input
RBI Launches 3 Key Surveys for Monetary Policy Input: To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, […]
Right to Digital Access: Supreme Court Directs Changes in KYC Process for Disabled Persons
Right to Digital Access: Supreme Court Directs Changes in KYC Process for Disabled Persons The Supreme Court’s ruling to calls for the revision of digital KYC norms to accommodate individuals with disabilities, particularly those with visual disabilities and facial disfigurement (such as acid attack survivors). The case arose from two writ petitions that sought to […]
Factory Output Growth Marginally Improves to 3% in March 2025
Factory Output Growth Marginally Improves to 3% in March 2025: India’s factory output, measured by the Index of Industrial Production (IIP), recorded a marginal rise of 3% in March 2025, slightly improving from February’s six-month low but still remaining below last year’s growth of 5.5%. For the entire financial year 2024–25, industrial production expanded by […]
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes
RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes: The Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis. This directive is set to roll out in phases, with specific deadlines for implementation.The […]
RBI Imposes Fines on IOB and Mahindra & Mahindra Financial Services Limited for Non-Compliance
RBI Imposes Fines on IOB and Mahindra & Mahindra Financial Services Limited for Non-Compliance: The Reserve Bank of India (RBI) has imposed penalties on Indian Overseas Bank (IOB) and Mahindra & Mahindra Financial Services Limited (MMFSL) for violations of its compliance norms. These fines, stemming from RBI’s routine supervisory assessments, aim to reinforce adherence to […]
Investor Education and Protection Fund Authority : MoU with Kotak Mahindra Bank
Investor Education and Protection Fund Authority : MoU with Kotak Mahindra Bank IEPFA’s recent MoU with Kotak Mahindra Bank and the launch of the ‘Niveshak Shivir’ initiative, to boost digital investor awareness and financial literacy across India.The Investor Education and Protection Fund Authority (IEPFA) was established in 2016 under the Companies Act, 2013.It manages the […]
Bond Markets
Bond Markets: U.S. President Donald Trump has not only disrupted international trade rules but has also sought to challenge the independence of the U.S. Central Bank (Federal Reserve). A bond is a financial instrument that promises a fixed return (face value) at the end of a specific period, unlike equity, which has no fixed term […]
