CURRENT AFFAIRS

Detailed explanation-1: -The Reserve Bank of India has released the Composite Financial Inclusion Index (FI-Index) for the year ended 31st March 2022.

Detailed explanation-2: -The Reserve Bank of India has released the Financial Inclusion Index for 2022, underlining how well financial products and services can be accessed by the general population.

Detailed explanation-3: -The Reserve Bank of India’s composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across parameters.

Detailed explanation-4: -Press Releases The RBI-DPI index has demonstrated significant growth representing the rapid adoption and deepening of digital payments across the country in recent years.

Detailed explanation-5: -The Reserve Bank released the 26th issue of the Financial Stability Report (FSR) on the 29th of December 2022. The report indicates the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.