RBI Launches Podcast Series to Enhance Financial Literacy and Transparency
| Summary/Static | Details |
|---|---|
| Why in the news? | RBI Introduces Podcast Facility for Public Communication |
| Podcast Launch | The RBI plans to launch a podcast series to improve transparency and disseminate information widely to the public. |
| Monetary Policy Announcement | Key interest rates kept unchanged due to inflation risks; Cash Reserve Ratio reduced to inject more liquidity into the economy. |
| Financial Literacy Initiatives | - Santali (Ol Chik) language booklets on financial products, services, and digital banking launched. - Tailored resources for children, farmers, entrepreneurs, senior citizens, etc. |
| Artificial Intelligence Integration | A committee called FREE-AI will address the risks of AI in the financial sector. |
| MuleHunter.AI | AI-powered solution developed to detect and manage mule accounts used in digital fraud. |
| Public Engagement Efforts | Events like quizzes for students to promote financial literacy; emphasis on financial education for broader public engagement. |