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RBI ISSUES DRAFT REVISED GUIDELINES FOR LEAD BANK SCHEME Why in the News? Draft Circular: Reserve Bank of India (RBI) released draft revised guidelines for the Lead Bank Scheme (LBS) seeking public comments. Institutional Reform: The revision aims to strengthen coordination mechanisms under the State Level Bankers’ Committee (SLBC) OBJECTIVES OF REVISED LEAD BANK SCHEME …
Read MoreExplore the Reserve Bank of India’s core functions—including price stability, financial stability, currency management, and economic development. Essential learning for UPSC Economy and Banking topics.
Read MoreSafeguarding RBI’s Autonomy While Ensuring Democratic Accountability Syllabus: GS Paper – 3, Banking Sector & NBFCs, Growth & Development Why in the News? Recent debates over central bank independence have resurfaced amid concerns about regulatory capture, governor tenure, and political influence in RBI appointments. Drawing lessons from international models and recent financial reforms like GST, …
Read MoreWhy in the news? The Reserve Bank of India’s Monetary Policy Committee is likely to maintain the repo rate at 6.5% due to persistent food inflation, signaling a cautious approach to monetary policy. Expectations suggest the MPC will keep the monetary policy stance unchanged, focusing on managing inflation and supporting economic growth amid uncertainties. About …
Read MoreWhy in the news? RBI Governor Shaktikanta Das launched the Pravaah portal, facilitating online applications for regulatory approvals. Additionally, the Retail Direct Mobile App for G-Sec transactions and a FinTech Repository were unveiled to enhance investor accessibility and provide information on Indian FinTech firms. Source: Lotusarise About Pravaah Portal: Name: Platform for Regulatory Application, Validation …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? As RBI celebrates its 90th year, we acknowledge its significant role in central banking. The Reserve Bank of India was founded on April 1, 1935, as per the stipulations of the Reserve Bank …
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