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Tuesday, 6 June 2017

RBI kicks off financial literacy week


To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital.

During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on the common themes inside the branch premises. As a part of the activities during the Financial Literacy week, an online quiz is also being hosted for the general public to generate interest and create awareness about financial literacy. Participation in the quiz will be through an online registration process.

Static Takeaways for IBPS PO Exam-
  • Shri B.P. Kanungo is the newly appointed Deputy Governor of RBI
  • The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • RBI was nationalized in 1949.
Source- The Hindu

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