BANKING, FINANCE and BUSINESS Current Affair

"RBI Kehta Hai" Public Awareness Initiative 

• Vitality: "RBI Kehta Hai" (RBI Says) awareness campaign.
• New Channel: Official WhatsApp verified channels were launched to share official updates.
• WhatsApp Numbers:
• 99309 91935 (Newly added)
• 99990 41935 (Already in use)
• Purpose: Access to realize the power of financial information to the population and enhance trust.
• Security Advisory: People were advised to use only blue-ticked verified RBI accounts in order to be genuine.
• Other Source: official site - rbi.org.in.

RBI Pilot Retail Forex: Pilot Notes.

• Status: Pilot Project between FX-Retail platform and Bharat Bill payment system (Bharat connect).
• Goal: Provide individual bank clients with the possibility to make retail forex transactions through online channels and third-party applications (TPAPs).

Initial Scope:

• Participating Banks: Axis Bank, Federal Bank, ICICI Bank, SBI, Yes Bank.
• Transaction: Buying of US Dollars in place of Indian Rupees.
• Channels Mobikwik and CRED applications; Internet banking (Federal Bank and SBI).
• Future Strategy: Step by step growth to encompass additional banks and TPAPs as well as forex transactions.
• Meaning: Increases access, customer experience, and market transparency in the retail forex, which contributes to the overall market development objectives of the RBI.

RBI Draft guidelines: credit risk and capital

• Release Date: October 1, 2025
• Purpose: Obtain public opinion regarding new draft directions.
• Feedback Deadline: November 30, 2025

Key Proposed Changes:

• 1. Capital requirement on Credit Risk (Standardised Approach)
• Purpose: Increase strength and coarse grains of current structure.
• Key Revisions:
  • Adjusted corporates, MSMEs and real estate risk weights.
  • New regulations to credit card users (transactors).
  • Alterations on the off-balance sheet exposure calculations.
• Predicted Effect: There will be reduced minimum regulatory capital requirement particularly on MSME, real estate and credit card exposures.