ASSIGNMENT 2
Name and Roll no. -
Harsh Jadhav PGP/25/275
Q. Development is done by RBI in the last 6 months
A. Below is the table stating the programs done by RBI in the last 6
months
Name
1. Digital Currency from the
Central Bank (CBDC), 2022
2. Payment aggregators and
payment gateways must be
regulated, 2022
3. The Payment Systems Vision
for 2018
4. Raise the policy repo rate by
50 basis points to 4.90
percent under the liquidity
adjustment facility (LAF).
Details
It is a digital currency from RBI that
works like a cryptocurrency.
The value of that country's fiat
currency cannot be set.
It will improve financial safety by
saying that "no entity in the card
transaction/payment chain, other
than the card issuers and/or card
networks, shall store the CoF data,
and any such data previously
stored shall be purged."
It is to build "best-in-class"
payment and settlement systems
for a "less-cash" India.
It focuses on four key areas:
responsive regulation, strong
infrastructure, effective
supervision, and putting the
customer first.
It is for achieving the medium-
term target for inflation based on
the consumer price index (CPI) of
4% within a range of +/-2% while
supporting growth.Payment
 aggregators and payment
gateways must be regulated, 2022
5. Master Direction on Controls Its goal is to set up a strong
for the Safety of Digital structure for making decisions and
Payments to put in place a security system
with minimum common standards
to control digital payment
products and services.
6. Identifying a legal entity It's to improve the accuracy and
quality of financial data for better
risk management after the Global
Financial Crisis.
7. Know Your Customer (KYC) Its job is to make sure that the
Directions, 2016 2002 Prevention of Money-
Laundering Act and the 2005
Prevention of Money-Laundering
(Maintenance of Records) Rules
are followed.
8. Banks choose their Chief Risk It is to make sure that all risk
Officers management systems use the
same approach and work together.
The Chief Risk Officer (CRO)
shouldn't have any professional
ties to business verticals or targets.
9. Dividends paid out by NFBCs It will make it possible for NBFCs to
in 2021 pay dividends.
10. Rules for how small It will give small finance banks
banks should work more power to lend money to
small businesses, small and
marginal farmers, micro and small
industries, and other businesses in
the unorganised sector
11. Plan for dealing with Its goal is to help the real estate
the stress caused by COVID- sector get back on its feet and
19 lessen the impact on final
borrowers.
12. Commercial banks It is used to lend money to
 giving loans to NBFCs and
Small Finance Banks (SFBs)
giving loans to NBFC-MFIs
13. External Benchmark-
Based Lending in 2019
14. Rules for how
payments banks should work business.
15. Sending Money Back
16. Illegal to trade in
virtual currencies (VCs) after come with virtual currencies, such
2018
17. New rules for credit
cards and debit cards as of
July 1, 2022
18. Setting up banking
units in IFSC (IBUs)
19. Risk Management and The goal of Foreign Exchange
Inter-Bank Dealings
(Updated as on September
01, 2020)
important areas.
To make sure the lending doesn't
go over the limit, the average of
the 4 quarters of the financial year
will be used.
All new floating-rate personal or
retail loans, as well as floating-rate
loans to Micro and Small
Enterprises, will be tied to an
outside benchmark.
It will tell PB how to run its
PBs won't be able to lend money
to anyone, including their own
directors. However, they will be
able to lend money to their own
employees with money from the
bank's own funds.
If the amount is more than USD
1,000,000 per financial year, RBI
approval is needed.
It is meant to reduce the risks that
as Bitcoin.
It is to protect people's money and
make sure they are safe.
All people who want a credit card
or debit card will have to give their
permission in writing.
It is to help India have
international banking services that
are on par with the best in the
world.
Management is to help India's
foreign exchange market grow and
stay in good shape.
20. NPA rules for NBFCs, NBFCs should treat accounts as
2022 NPA until the borrower brings the
account up to date by paying all
the EMIs that are due.

It is to control the burden of NPA

on the economy.