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RBI Circulars 2024
The Reserve Bank of India (RBI), established on 1 April 1935, is headquartered in Mumbai, Maharashtra. Shaktikanta Das currently serves as the current and 25th Governor of the Reserve Bank of India. RBI is the regulatory body and is in charge of all India banking systems which comes under the Ministry of Finance of the Government of India. The Reserve Bank of India is responsible for managing the supply of Indian rupees, issuing them and maintaining them in circulation.
It also monitors the payment systems of the country and works on them to promote the economic development of the country. We have provided the article in detail to study RBI Circular 2024. RBI Circular 2024 covers important topics like A wide range of regulatory standards, digital transformation, financial inclusion, monetary policy and sustainable finance Is included.
RBI Monthly Circulars
The Reserve Bank of India is the central banking institution of the country which plays an important role in regulating monetary policy and ensuring the financial stability of the country. One of the most important ways of RBI communicating with the financial sector and the public is through circulars. RBI circulars also play an important role in banking exams as many questions in the General Awareness section are asked from the latest monthly circulars. To help the candidates in their preparation, we have prepared month wise RBI Circulars in PDF format.
RBI Circulars 2024: Download PDF
RBI circular provides many benefits to the banking exam candidates. RBI Circulars should be an important part of exam preparation through which candidates can enhance their knowledge and improve their performance in banking exams. Here, we have provided the direct link to download RBI Circulars PDF-
RBI Circulars PDF: Download Monthly PDFs
Key Features of RBI Circulars 2024
RBI Latest Monthly Circular PDF has been prepared by our exam experts keeping in mind the pattern of questions asked in RBI exam. Here, we have given information about the features of RBI Circular 2024.
- Candidates will get current and relevant information through RBI Circular 2024.
- The latest monthly circulars of RBI provide detailed information about the policies, regulations and guidelines implemented by the central bank.
- RBI Circular 2024 covers the topics of regulatory requirements, compliance norms, risk management guidelines and governance standards expected from banks. Important terms related to banking operations, monetary policy instruments, financial market functioning and regulatory compliance are also covered.
Government Schemes in India- Check Important Schemes for Exams
Important News of RBI Circulars 2024
Below are some recent news regarding RBI Circular 2024, candidates must read it as it will improve their knowledge and stay updated about the new changes.
- The date of implementation of a new penalty regime has been delayed by three months from January 1, 2024 to April 1, 2024 by the Reserve Bank of India (RBI). New loans have been granted this delay, and by June 30, 2024, old loans are expected to be transferred to the new penalty regime.
- It is important to note that the banking regulator has issued a wide range of recommendations to prevent banks from imposing interest rate penalties on defaulting borrowers.
- Accordingly, REs (Regulated Entities i.e. banks) will ensure that the instructions are implemented in respect of all new loans taken from April 1, 2024. In case of existing loans, switching to the new penalty fee system will be ensured on the next review/renewal date falling on or after April 1, 2024, but not later than June 30, 2024.
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