Govt Exams
The RBI's policy repo rate stands at 6.5% as per the latest monetary policy decisions in 2024-2025.
UPI (Unified Payments Interface) is operated by NPCI for retail payments. NEFT and RTGS are operated by RBI, while CHIPS is a US-based system.
SLR refers to the percentage of their deposits that commercial banks must maintain in the form of liquid assets like government securities.
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
The maximum deposit insurance coverage under DICGC is ₹5 lakhs per depositor per bank as per the current norms.
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
The Usha Thorat Committee (2023) was constituted to review the regulatory framework for Non-Banking Financial Companies (NBFCs) in India.
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
LCR under Basel III measures a bank's ability to survive a severe liquidity stress scenario lasting 30 days by maintaining sufficient high-quality liquid assets.