Question Bank - Banking & Financial Services

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The Reserve Bank of India (RBI) has extended liquidity window for emergency healthcare services till_____________.

A.
February 20, 2022
B.
June 30, 2022
C.
March 30, 2022
D.
April, 2025

Solution:

The correct answer is June 30, 2022. The Reserve Bank of India (RBI) on Feb 10, 2022, proposed to extend the Rs 50,000 crore on-tap liquidity window for emergency healthcare services till June 30, 2022. RBI had introduced the liquidity window at the repo rate with tenors of up to three years on May 5, 21. It has been introduced to provide immediate capital for ramping up Covid-19 related healthcare infrastructure and services. Additional InformationDigital payment transactions reported a 40% year-on-year jump as of September 2021, as per the RBIs latest index. The newly constituted RBIs digital payment index (RBI-DPI) stood at 304. 06 during September 2021 as against 270. 59 in March 2021 and 217. 74 in September 2020. RBI announced that SBI, HDFC Bank, and ICICI Bank will remain as Domestic Systemically Important Banks (D-SIBs) and will have to maintain additional common equity tier 1 (CET1) capital ratios as in 2020. Fino Payments Bank has received approval from the Reserve Bank of India (RBI) for starting an international remittance business under the money transfer service scheme (MTSS) on 03 January 2022. To put restrictions on para-banks whenever vital financial metrics dip below the prescribed threshold, the Reserve Bank of India (RBI) has introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs) with effect from October 2022. RBI 25th Governor: Shaktikanta Das (As of Feb 2022). RBI Headquarters: Mumbai;RBI Founded: 1 April 1935, Kolkata.

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