Reserve Bank of India (RBI) launched the first pilot of the digital rupee on November 1, 2022 The project focuses on the settlement of secondary market transactions for government securities. As per the statement by RBI, Digital Rupee will also be used for retail transactions soon. The Central Bank of India commenced the pilot launch […]
Continue Reading
A co-operative bank is a small-sized establishment that is established under the Co-operative Societies Act of the different states of India. These banks are established under different levels like the state level, district level, city level, village level, etc. They are regulated by the Reserve Bank of India (RBI) and have a motive of “No […]
Continue Reading
We often hear the term ‘Repo Rate’ as it an important component of the monetary policy of the nation. Repo Rate is in a lot of talks right now. Let’s first try to understand what exactly is Repo Rate and how does it impact the Indian economy. WHAT IS THE REPO RATE? In simple terms, […]
Continue Reading