What is SIDBI and what is its role in the Indian financial system? Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered […]
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What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India. Central bank digital currency (CBDC) is a digital form of central bank money that can be used as a legal tender or a digital representation of
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Reserve Bank Information Technology Private Limited (ReBIT): ReBIT was established in 2016 as a wholly-owned subsidiary of the RBI to manage the IT infrastructure and cybersecurity needs of the RBI and other banks. It provides technology and cybersecurity services to the RBI and other financial institutions, including the National Payments Corporation of India (NPCI). ReBIT
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Indian Financial Technology and Allied Services (IFTAS): IFTAS was established in 2014 as a subsidiary of the RBI to provide technology-based solutions to the Indian banking and financial sector. Its primary objective is to develop and manage various payment systems, such as Real-Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), IFTAS also provides consultancy
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RBIH: The Reserve Bank Innovation Hub (RBIH) is a unit established by the Reserve Bank of India (RBI) in August 2020. The RBIH is tasked with promoting innovation across the Indian financial sector by providing a platform for collaboration between the industry, academia, and the regulator. The primary objectives of RBIH are to: Identify areas
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(BRBNMPL): BRBNMPL is a wholly-owned subsidiary of the Reserve Bank of India (RBI). It was established in 1995 to manage the production of banknotes in the country. BRBNMPL’s primary responsibility is to print banknotes, including the new design of Mahatma Gandhi (New) Series notes. It operates two printing presses, one in Mysuru, and another in
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What are the various subsidiaries of RBI and what functions do they perform? Â The Reserve Bank of India (RBI) has several subsidiaries, each with its specific functions and responsibilities. Below are brief descriptions of its subsidiaries: Deposit Insurance and Credit Guarantee Corporation (DICGC): DICGC is a wholly-owned subsidiary of the Reserve Bank of India
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What is a Long-Term Repo Operation (LTRO) and how does it work? Long-term repo operations (LTRO) is a monetary policy tool used by the Reserve Bank of India (RBI) to inject liquidity into the banking system for a longer duration, typically ranging from 1 to 3 years. LTRO was first introduced in India in February
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Q-4) What is the primary objective of the monetary policy of the Reserve Bank of India (RBI)? Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â How does the RBI use monetary policy to control inflation in the economy? Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â What are the main tools of monetary policy used by the RBI? The Reserve Bank of India (RBI) is the central
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Q-3) What role does the Monetary Policy Committee (MPC) play in setting monetary policy in India? The Monetary Policy Committee (MPC) plays a crucial role in setting monetary policy in India. The MPC was established in 2016 under the Reserve Bank of India Act, 1934, and is responsible for determining the policy interest rate
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