The Portuguese failed in India due to inadequate manpower, decline in their naval power and aggression from their British counterparts. In... View Article
First contact with the Portuguese with the Indians happened on 20 May 1498, when the explorer Vasco da Gama landed in Calicut off the coast of... View Article
The year 1858 was significant in Indian history. Following the victory of the British forces against the Indian rebels in 1858, the British... View Article
The Crown rule in India refers to the direct administration of the British crown that began in 1857 till 1947. The British Crown, now referred to... View Article
The name has always been Reserve Bank of India. It was established through the Reserve Bank of India (RBI) Act, 1934. It took over functions... View Article
Reserve Bank of India is a statutory body. RBI was established through Reserve Bank of India Act, 1935. RBI is not a constitutional body.... View Article
Reserve Bank of India is spread over 31 different locations in India. It is headquartered in Mumbai. Most of the RBI offices are located in state... View Article
The Government of India controls the Reserve Bank of India (RBI). RBI comes under the Ministry of Finance. RBI was nationalised on 1st January,... View Article
The Reserve Bank of India (RBI) is the Central Bank of India which is tasked with the responsibility of regulating the Indian banking system,... View Article
The process of linking the 12 digits AADHAAR number of persons with their personal identification documents like MNREGA Job Card, Pension ID,... View Article
National Electronic Funds Transfer is the full form of NEFT. It was introduced in 2005. NEFT is used to transfer small to large amounts of money... View Article
National Payments Corporation of India (NPCI) generates around one-third of its revenues from interchange fees, switching fees and other... View Article
Unified Payment Interface (UPI) was developed by the National Payments Corporation of India (NPCI) which was established by the Reserve Bank of... View Article
As per a new circular released, effective from January 1, 2021, the third party app providers have to make sure that the total volume of... View Article
The National Payments corporation of India (NPCI) made Unified Payments Interface (UPI). The payment model which is used to receive or send money... View Article
Comparison is possible between two similar things. Here, Unified Payment Interface (UPI) and Bharat Interface for Money (BHIM) are two different... View Article
No, UPI and BHIM are not the same. UPI stands for Unified Payment Interface. BHIM stands for Bharat Interface for Money. The payment model which... View Article
NPCI is owned by a consortium of major banks in India. NPCI was established by the RBI and Indian Banks Association (IBA). The National Payment... View Article
The different instruments of credit control used by the Reserve Bank of India are Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR), the... View Article
