CURRENT AFFAIRS

Detailed explanation-1: -Reserve Bank of India - Trend and Progress of Banking in India.

Detailed explanation-2: -Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2021-22, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949.

Detailed explanation-3: -Major reports released by the Reserve Bank, including the Annual Report, Report on Trend and Progress of Banking in India, the Monetary Policy Report, and the Financial Stability Report are issued as supplements to this monthly publication. This is a monthly four-page periodical useful at operational level bankers.

Detailed explanation-4: -Today, the Reserve Bank released the 26th issue of the Financial Stability Report (FSR), which reflects 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.

Detailed explanation-5: -Some of the most significant trends include: Digital banking: Many banks are now offering a range of digital banking services, including mobile banking apps, online banking portals, and virtual assistants, which allow customers to access their accounts and conduct transactions remotely.