What recent approval did Skydo Technologies receive from the Reserve Bank of India (RBI)?

What recent approval did Skydo Technologies receive from the Reserve Bank of India (RBI)?

Consider the following statements:

1. Recently, The Reserve Bank of India has approved the establishment of National Urban Cooperative Finance and Development Corporation (NUCFDC) to support and strengthen Urban Cooperative Banks (UCBs) in India.

2. The primary objective of this new entity is to improve the financial literacy of customers of UCBs.

3. This initiative is expected to enhance the overall financial stability of the Indian banking sector.

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Consider the following statements regarding the RBI's new initiative:

1. It mandates Additional Factor Authentication (AFA) for all cross-border Card Not Present (CNP) transactions.

2. It aims to reduce fraud and enhance the security of international transactions using Indian cards.

3. It aligns with RBI's Payments Vision 2025 for a secure and efficient payment ecosystem.

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Consider the following statements regarding the penalties imposed by the RBI:

1. HSBC was penalized for issues related to Know Your Customer (KYC) norms and foreign currency reporting.

2. IIFL Samasta Finance was fined for incorrect classification of Non-Performing Assets (NPAs).

3. RBI has clarified that penalties were imposed due to fraudulent customer transactions.

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Consider the following statements with reference to 29th Meeting of the Standing Advisory Committee (SAC) held by the RBI:

1. The meeting was chaired by Governor Shaktikanta Das.

2. The discussions was centered on enhancing credit flow to MSMEs.

3. The meeting explored alternative credit assessment models and digital lending frameworks.

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Consider the following statements with reference to RBI and NCFE's financial literacy campaigns:

1. The campaigns primarily target individuals between 18 and 60 years of age.

2. The National Strategy for Financial Education (NSFE) provides the framework for these initiatives.

3. The goal is to enhance financial awareness and inclusion, particularly for youth and senior citizens.

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What is the primary objective of RBI's Self-Regulatory Organisation (SRO) framework for Account Aggregators (AA)?

How much penalty did RBI impose on Asirvad Micro Finance for regulatory violations?

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? 

1. It decides the RBI's benchmark interest rates. 

2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 

3. It functions under the chairmanship of the Union Finance Minister. 

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The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to

In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 

(1) To enable the Central Bank to control the amount of advances the banks can create 

(2) To make the people’s deposits with banks safe and liquid 

(3) To prevent commercial banks from making excessive profits 

(4) To force the banks to have sufficient vault cash to meet their day-to-day requirements 

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If the interest rate is decreased in an economy, it will