As per the latest notification, the Reserve Bank of India (RBI) will issue Sovereign Green Bonds (SGrBs) worth ₹ 16000 crores in two tranches in the current financial year. SGrBs were initially announced in Union Budget 2022-23. in November 2022, Sovereign Green Bond Framework was issued by the Ministry of Finance. What are Sovereign Green […]
Reserve Bank of India (RBI) has published 26th edition of Financial Stability Report on December 29. RBI publishes this report biannually. It reflects the collective assessment of the Sub-Committee of Financial Stability and Development Council on risk to financial stability and the resilence of the finaicial system. What are the key highlight of 26th Financial […]
Context Razorpay becomes India’s first Payment gateway to support credit cards on the Unified Payment Interface (UPI). Razorpay in its partnership with Axis Bank has recently announced its readiness to support Credit Card on UPI platform. Earlier, Reserve Bank of India has announced the linking the RuPay Credit Cards to BHIM (Bharat Interface for Money) […]