RBI’s New Proposals to Boost Financial Security
On 7th June, 2024, the Reserve Bank of India (RBI) unveiled a series of developmental and regulatory policy proposals to enhance India’s financial ecosystem’s security, efficiency, and inclusivity.
What are the New Proposals?
Revised Bulk Deposits Limit
- To streamline financial operations, the RBI plans to revise the definition of bulk deposits for Scheduled Commercial Banks (SCBs) and Small Finance Banks (SFBs).
- The proposed revision will raise this limit to Rs 3 crore for SCBs and SFBs.
- Additionally, for local area banks, the bulk deposit limit will be set at Rs 1 crore, which will be aligned with the limit for ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 Direct Seeded Rice: Water-Conserving Seeding Technology
- 2 Value of Output from Agriculture and Allied Sectors 2024
- 3 Krishi Sakhi: Empowering Rural Women
- 4 Indian Bond Now Part of Global Bond Index
- 5 RBI Revises Priority Sector Lending Norms
- 6 RBI Launches Three New Initiatives
- 7 Pump and Dump Scheme
- 8 RBI Finalises Framework for SROs in FinTech Sector
- 9 Vadhavan Port: India’s First Mega Port
- 10 GNSS-Based Electronic Toll Collection
- 11 Partial Reimbursement of Exploration Expenses
