Home | Economics | Current Affairs | Banking

Banking

SBI TO EXTEND LOAN MORATORIUM TO NBFCS
07, May 2020 | Banking
Why in News? The State Bank of India (SBI) has decided to extend loan moratorium to NBFCs that could give a huge relief to the…
Read More
CO-OPERATIVE BANKS UNDER SARFAESI ACT
06, May 2020 | Economics
Why in News? The Supreme Court held that Co-operative banks established under a State law and multi-State level co-operative societies come within the ambit of…
Read More
DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)
06, May 2020 | Banking
Why in News? RBI has asked the Registrar of Co-operative Societies, Maharashtra to start the process of winding up operations of CKP Co-operative bank and…
Read More
FOREIGN EXCHANGE RESERVES
04, May 2020 | Banking
Why in News? Recently, India’s Foreign Exchange (Forex) reserves declined by $113 million to $479.45 billion in the week to 24 April, 2020 due to…
Read More
WAYS AND MEANS ADVANCES
20, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has announced a 60% increase in the Ways and Means Advances (WMA) limit of state governments…
Read More
NBFC’S GETS 50,000 CRORE BOOSTER
18, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has announced a host of measures to provide liquidity support to non-banking financial companies (NBFCs), apart…
Read More
HELICOPTER MONEY
15, Apr 2020 | Banking
Why in News? Telangana Chief Minister K. Chandrashekar Rao has suggested RBI to adopt the concept of Helicopter Money to help state governments tide over…
Read More
CORONA BONDS
08, Apr 2020 | Banking
Context: Corona bonds is recently seen in news, which could be a possible resolution to alleviate Eurozone financial struggles amid the coronavirus crisis. About Corona…
Read More
RBI PLANS FOR AN FRAUD OVERSIGHT WING
06, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) is in the process of putting together an exclusive wing for banking fraud oversight. About “Fraud…
Read More
RBI CUTS RATES, ALLOWS LOAN MORATORIUM
28, Mar 2020 | Banking
Why in News? To ease impact of lockdown, RBI reduced the repo and reverse repo rates and the EMIs deferred for three months. About the…
Read More
RBI REGULATION FOR PAYMENT AGGREGATORS AND PAYMENT GATEWAYS
27, Mar 2020 | Banking
Why in News? The Reserve Bank of India recently released guidelines for regulating payment aggregators and Payment Gateways. About Payment Aggregators and Payment Gateways: Payment…
Read More
RBI TO INFUSE RS. 10,000 CRORE VIA OMO
19, Mar 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has decided to infuse ₹10,000 crore liquidity in the banking system by buying government securities through…
Read More
RBI GUIDELINES TO REGULATE PAYMENT AGGREGATORS AND GATEWAYS
18, Mar 2020 | Economics
Why in News? The Reserve Bank of India has recently released guidelines for regulating activities of Payment Aggregators and Payment Gateways functioning in India. What…
Read More
YES BANK CRISIS
07, Mar 2020 | Banking
Context: Recently, the Reserve Bank of India (RBI) on March 5 imposed a moratorium on the private sector lender Yes Bank, limiting withdrawal of deposits…
Read More
EASE 3.0 FOR TECH-ENABLED BANKING
28, Feb 2020 | Banking
Why in News? Finance Minister Nirmala Sitharaman has recently launched Ease 3.0 for tech-enabled to change the customer’s experience at the Public Sector Banks (PSBs).…
Read More
INSURANCE COVER ON BANK’S DEPOSIT
03, Feb 2020 | Banking
Why in News? Finance Minister has recently proposed to increase the limit of insurance cover in case of Bank Failure on deposits to ₹5 lakh…
Read More
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) (AMENDMENT) REGULATIONS, 2020
09, Jan 2020 | Banking
Why in News? The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Amendments: The…
Read More
FINANCE MINISTER LAUNCHES EBKRAY FOR ONLINE AUCTION OF ASSETS ATTACHED BY BANKS
30, Dec 2019 | Banking
Why in News? Finance Minister Nirmala Sitharaman discussed banking issues with chiefs of Public Sector Banks (PSBs), chief executive of Indian Banks’ Association and representatives…
Read More
“TREND AND PROGRESS OF BANKING IN INDIA 2018-19”
27, Dec 2019 | Banking
Why in News? The RBI has recently released "Trend and Progress of Banking in India 2018-19". This Report presents the performance of the banking sector…
Read More
OPERATION TWIST
21, Dec 2019 | Banking
Why in News? Recently, RBI has planned to conduct “Operation Twist”. About Operation Twist: Operation Twist is actually a move that is used by U.S…
Read More
PARTIAL CREDIT GUARANTEE SCHEME
13, Dec 2019 | Economics
Why in News? The Union Cabinet has recently approved the Partial Credit Guarantee Scheme for the benefit of the banks and NBFCs. Background Info: Over…
Read More
SUPREME COURT’S JUDGMENT ON ESSAR’S INSOLVENCY CASE
18, Nov 2019 | Banking
Why in News? The Supreme Court has recently given its judgement in the Essar Insolvency case that has paved the way for ArcelorMittal and Nippon…
Read More
RBI PANEL MOOTS TIGHTER NORMS FOR CICS
08, Nov 2019 | Banking
Why in News? In 2018, Infrastructure Leasing and Financial Company (IL&FS), a core Investment company (CIC) with over 300 subsidiaries, defaulted on its payment following…
Read More
“GLOBAL MICROSCOPE 2019: THE ENABLING ENVIRONMENT FOR FINANCIAL INCLUSION REPORT”.
05, Nov 2019 | Banking
Why in News? The Economist Intelligence Unit has released the 2019 edition of “Global Microscope: The enabling environment for Financial Inclusion report”. The report assessed…
Read More
SOVEREIGN GOLD BONDS SCHEME 2019 – 2020
02, Oct 2019 | Governance
Why in News? The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. Sovereign Gold Bond…
Read More
EXTERNAL BENCHMARK-BASED LENDING
08, Sep 2019 | Banking
Why in News? The RBI has made it mandatory for all banks to link floating rate loans — to retail customers and loans to micro,…
Read More
STEERING COMMITTEE ON FINTECH RELATED ISSUES
03, Sep 2019 | Insurance
Why in News? The Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic Affairs, submitted its Final Report. Fintech…
Read More
MERGER OF PUBLIC SECTOR BANKS
31, Aug 2019 | Banking
Context: The Centre has announced a mega amalgamation plan, aimed at improving their financial health and enhancing their lending capacity to support growth. Highlights: The…
Read More
HOW AND WHY RBI TRANSFERS TO GOVERNMENT
28, Aug 2019 | Banking
Context: The Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal. Background: RBI Board accepted the recommendations of a committee…
Read More
ECONOMIC CAPITAL FRAMEWORK
28, Aug 2019 | Banking
Why in News? The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government, which may help the…
Read More
GOVT. ISSUES GUIDELINES FOE ₹1 TRILLION PARTIAL CREDIT GUARANTEE FOR NBFCs
17, Aug 2019 | Banking
Why in news? In pursuance of the announcement made in the Union Budget 2019-20 the Government has issued a scheme regarding partial credit guarantee on…
Read More
RBI ISSUES FINAL NORMS FOR REGULATORY SANDBOX
16, Aug 2019 | Insurance
Why in News? The Reserve Bank of India (RBI) has issued the final framework for regulatory sandbox in order to enable innovations in the financial…
Read More
NEGATIVE RATE POLICY
14, Aug 2019 | Banking
Context: Negative rate policy – once considered only for economies with chronically low inflation such as Europe and Japan – is becoming a more attractive…
Read More
RBI CUT LENDING RATE BY 35 BASIS POINTS
08, Aug 2019 | Constitutional Bodies, Regulatory Bodies
Context: In a bid to augur economic activity amidst slowing consumption demand, the monetary policy committee of Reserve Bank of India on Wednesday unanimously decided…
Read More
REGULATORY SANDBOX
01, Aug 2019 | Insurance
Why in News? The Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of regulatory sandbox (RS) to promote new, innovative…
Read More
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI)
27, Jul 2019 | Banking
Why in news? The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons)…
Read More
WILLFUL DEFAULTER
24, Jul 2019 | Economics
Context: Rajya Sabha was informed by the Minister of Finance informed about the mechanisms in place to deter wilful defaulters, curb incidence of wilful defaults,…
Read More
TERROR FINANCING
24, Jul 2019 | Economics
Context: Minister of Home Affairs informed Lok Sabha today about the steps being taken to combat Terror Financing and circulation of Fake Indian Currency Notes…
Read More
PANEL FAVOURS CRYPTOCURRENCY BAN IN INDIA
23, Jul 2019 | G3 – Policies
Context: The committee headed by finance secretary Subhash Chandra Garg has proposed a draft bill “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill,…
Read More
NATIONAL RURAL BANK OF INDIA.
17, Jul 2019 | Economics
Context- Govt is thinking of formation of National Rural Bank of India in order to consolidate in Regional rural Banks (RRB). Parliamentary Standing Committee on…
Read More
BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019
12, Jul 2019 | Banking
Why in News? The Union Cabinet has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes…
Read More
PONZI SCAMS
11, Jul 2019 | Banking
Background The Union Cabinet Wednesday approved Banning of Unregulated Deposit Schemes Bill with an aim to tackle the menace of illicit deposit- taking activities in…
Read More
CAPITAL TO RISK-WEIGHTED ASSETS (CRAR)
10, Jul 2019 | Banking
CRAR: Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank’s capital to its risk. The…
Read More
STORAGE OF PAYMENT SYSTEM DATA
28, Jun 2019 | Banking
Why in News? The Reserve Bank of India in its directive on ‘Storage of Payment System Data’ has made it clear that entire payment data…
Read More
FINANCIAL STABILITY REPORT
28, Jun 2019 | Constitutional Bodies, Regulatory Bodies
What is it About? The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial…
Read More
RBI DIRECT TO SAVE THE PAYMENTS DATA WITHIN INDIA.
27, Jun 2019 | Constitutional Bodies, Regulatory Bodies
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The…
Read More
ONLINE PORTAL FOR FILING COMPLAINTS
25, Jun 2019 | Indian Economy and issues relating to planning - GS3A
The Reserve Bank of India, launched a ‘Complaint Management System (CMS)’, which will enable members of the public to lodge their complaints on its website…
Read More
RESERVE BANK OF INDIA (RBI)
25, Jun 2019 | Structure, organization and functioning of the Executive - GS2E
Context Viral Acharya’s resignation as Deputy Governor of the Reserve Bank of India About: The Reserve Bank of India was established on April 1, 1935…
Read More
INTER CREDITOR AGREEMENT (ICA)
20, Jun 2019 | Banking
Why in News: The Indian Banks’ Association has tweaked the inter-creditor agreement (ICA) that was framed by the Sashakt Committee, to keep it in line…
Read More
Libra Facebook Cryptocurrency
19, Jun 2019 | Indian Economy and issues relating to planning - GS3A
Context: Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch…
Read More
SHADOW BANKING SYSTEM
18, Jun 2019 | Indian Economy and issues relating to planning - GS3A
A shadow banking system is the group of financial intermediaries facilitating the creation of credit across the global financial system but whose members are not…
Read More
INDIAN ECONOMY
17, Jun 2019 | Indian Economy and issues relating to planning - GS3A
What are Debt Instruments? They are either paper or electronic obligations that allows the issuing party to raise funds by promising to repay the lender…
Read More
RBI REVISES STRESSED ASSET RESOLUTION NORMS
08, Jun 2019 | Banking
Why in News: After the Supreme Court struck down the controversial February 12, 2018 circular of Reserve Bank of India (RBI) on stressed asset resolution,…
Read More
RBI CUTS INTEREST RATE BY 25 BPS
07, Jun 2019 | Banking
Why in News: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India reduced the repo rate at its second meeting this year…
Read More
CAPITAL BUFFERS: RBI DRAFT NORMS TIMELY FOR NBFCS
31, May 2019 | Banking
Why in News: The central bank has released draft norms on liquidity risk management for deposit taking and non-deposit taking NBFCs. Details: RBI in its…
Read More
RBI DRAFT RULES FOR NBFCS
29, May 2019 | Banking
Why in News: RBI has put up the draft circular, Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies. Background: / What…
Read More
CRISIS IN NBFC SECTOR COULD HURT ECONOMIC GROWTH’
23, May 2019 | Banking
Why in News: The investors are worried over potential impact on the overall growth of the economy in the near term on current liquidity crisis…
Read More
NEW GOVT. MUST FOCUS ON BANK BALANCE SHEETS
23, May 2019 | Banking
Why in News: The new government, should focus on a few key aspects of the economy such as tackling income inequality on a priority basis,…
Read More
RBI ENVISIONS FOURFOLD GROWTH IN DIGITAL TRANSACTIONS BY 2021
16, May 2019 | Economics
Why in News: The Reserve Bank of India (RBI) has envisaged four times growth in digital transaction in two years, in the payment system vision…
Read More
Supreme Court Gives RBI ‘Last Chance’ to Alter
27, Apr 2019 | Banking
Why in News? Supreme Court gave one “last opportunity” to the Central bank to disclose its annual inspection reports of private banks and financial institutions…
Read More
Centre to borrow rupee 7.1 lakh crore in FY20
30, Mar 2019 | Banking
Borrowing calendar for the next financial year was announced and the government said that it will raise Rs 4.42 lakh crore through gilts in the…
Read More
New loan pricing scheme may be put off
29, Mar 2019 | Banking
Banks will be getting more time to migrate to the new loan pricing regime which was scheduled to be implemented from April 1. This new…
Read More
RBI RECEIVES AGGRESSIVE BIDS, INFUSES RS. 34,500 CR. LIQUIDITY
27, Mar 2019 | Banking
The first dollar-rupee buy/sell swap auction by Reserve Bank of India (RBI), which was aimed at infusing primary liquidity, saw aggressive bidding by banks. The…
Read More
Centre must not look upon the Reserve Bank as a cash cow: ex-RBI board member
24, Mar 2019 | Banking
The central government being fiscally dependent on the Reserve Bank of India (RBI) is undesirable, The ₹68,000 crore that the RBI has paid to the…
Read More
Wholesale price inflation quickens to 2.93% in February
15, Mar 2019 | Banking
Wholesale price inflation in February snapped a three- month declining trend by rising to 2.93% on the back of firming food and fuel prices. Growth…
Read More
RBI TO INFUSE RS 12,500 CRORE INTO FINANCIAL SYSTEM THROUGH OMO’S
08, Mar 2019 | Current Affairs
In News: The Reserve Bank of India (RBI) said it would infuse Rs 12,500 crore into the financial system through op¬en market operations (OMO). Explained:…
Read More
CENTRE TO INCENTIVISE WORK-FROM-HOME JOBS
05, Mar 2019 | Economics
In News: The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and…
Read More
‘BANKS’ LIQUIDITY DEFICIT STANDS AT RS 94,585 CRORE
05, Mar 2019 | Economics
In News: The average liquidity deficit in the banking system in the week ended February 28 moderated significantly to Rs 94,585 crore, against the deficit…
Read More
Mudra: Rs. 1 Lakh Cr. More Has to be Lent
04, Mar 2019 | Banking
In News: Despite all the push given by the Central government to the Pradhan Mantri MUDRA Yojana and the ‘MSME loan in 59 minutes’ scheme,…
Read More
FPI Net Inflows Into Stocks At 15-Month High
04, Mar 2019 | Banking
In News: Foreign portfolio investors (FPIs) poured in close to Rs. 17,220 crores on a net basis into Indian equities in February, the highest since…
Read More
GOVT. DETECTS GST EVASION
28, Feb 2019 | Banking
In News: The government has detected Rs. 20,000 crore worth GST evasion so far, this fiscal. Explained: Central Board of Indirect Taxes and Customs said…
Read More
RBI Takes 3 Banks off Prompt corrective Action Framework
27, Feb 2019 | Banking
In News: Three more banks — Allahabad Bank and Corporation Bank, from the public sector, and Dhanlaxmi Bank from the private sector — are now…
Read More
Fiscal Deficit in January at 12
27, Feb 2019 | Banking
In News: According to official data, Fiscal deficit widened in January to Rs. 7.7 lakh crore, or 121.5% of the Budget Estimates for the full…
Read More
Banks may set Repo Rate as Benchmark
26, Feb 2019 | Banking
In News: Most commercial banks in India are likely to select RBI’s repo rate as the external benchmark to decide their lending rates, from April…
Read More
RBI Bundles NBFCS into One Category
23, Feb 2019 | Banking
In News: To provide greater operational flexibility to non-banking lenders, the Reserve Bank created a single category for them by bundling their present three-tier structure.…
Read More
FPI’S Invest Rs. 6,311 Crores in Markets
23, Feb 2019 | Banking
In News: Foreign investors pumped in Rs. 6,311 crores into the Indian capital markets, the highest inflow in a single day this month so far,…
Read More
EFFO Proposes hike in interest rate to 8
22, Feb 2019 | Banking
In News: Provident Fund deposits will now earn more, with the Employees’ Provident Fund Organisation (EPFO) recommending a hike in interest rates to 8.65% for…
Read More
Centre to Setup Umbrella SPV to Fund Metro Projects
21, Feb 2019 | Banking
In News: The Central government is setting up a fully-owned Special Purpose Vehicle (SPV) to house all its equity and debt investments in metro rail…
Read More
Centre Clears Rs. 48, 239 Cr. Recapitalisation Package for PSB’s
21, Feb 2019 | Banking
In News: The government has approved the disbursal of a recapitalization package of Rs. 48,239 crores for 12 public sector banks. Explained: The government will…
Read More
April – Dec. FDI Falls 7% to $33.49 Billion
21, Feb 2019 | Banking
In News: According to Commerce and Industry Ministry data, Foreign direct investment (FDI) into India contracted by 7% to $33.49 billion during April-December in the…
Read More
PONZI Schemes Ordinance
20, Feb 2019 | Banking
The Union Cabinet Tuesday approved promulgating an ordinance with regard to the Banning of Unregulated Deposit Schemes Bill to protect gullible investors from Ponzi schemes.…
Read More
Angel Tax Relief
20, Feb 2019 | Banking
In News: The Government has widened the definition of startups to partly address angel tax woes by increasing the time period for such ventures to…
Read More
RBI to Transfer Rs. 28,000 Crore Interim Surplus to Government
19, Feb 2019 | Banking
In News: The board of Reserve Bank of India decided to transfer an interim surplus (dividend) of Rs. 28,000 crores to the government. Explained: Inclusive…
Read More
Wholesale Inflation Eases to 10- Month low of 2.76%
15, Feb 2019 | Banking
In News: Wholesale Price Index (WPI) fell for the third consecutive month to 2.76% in January from 5.54% in October 2018, 4.47% in November, and…
Read More
Low Velocity of Cash Circulation in large States Hints at Sluggish Economy
15, Feb 2019 | Banking
In News: According to a report by the State Bank of India, While the currency in circulation has surpassed what it was in the pre-demonetisation…
Read More
Forex Reserves Back at 400 Billion
14, Feb 2019 | Banking
In News: Foreign exchange reserves crossed $400 billion for the first time in four months in the week ended February 1, 2019, according to data…
Read More
Retail Inflation cools further to 2.05% in January
13, Feb 2019 | Banking
In News: Data released by the Central Statistics Office showed consumer price index or CPI-based inflation stood at 2.05% in January against the 18-month low…
Read More
95% of Registered Realty Firms have No PAN
13, Feb 2019 | Banking
In News: In an audit of assessments made by the Income Tax Department on the real estate sector, the Comptroller and Auditor General (CAG) found…
Read More
RBI unlikely to transfer contingency fund to Govt.,
07, Feb 2019 | Banking
In News: The Reserve Bank of India (RBI) is unlikely to surrender to government’s demand of transferring funds that was set aside for contingency reserves…
Read More
Cabinet approves unified regulator for IFSC’S
07, Feb 2019 | Banking
In News: The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres…
Read More
Board members’ fiduciary responsibility with RBI’
07, Feb 2019 | Banking
In News: The fiduciary responsibility of the RBI’s board members lies with the central bank, RBI governor quoted. Explained: At present, the central bank has…
Read More
Centre May relax Angel Tax Norms for start-ups, sets up Panel
05, Feb 2019 | Banking
In News: The government decided to set up a five-member working committee to look into the angel tax issue and come up with guidelines in…
Read More
April – Dec Fiscal Deficit at 112.4% of Budget Target
05, Feb 2019 | Banking
In News: The fiscal deficit for the period April-December 2018 has touched 112.4% of the budget target of Rs. 6.24 lakh crore for the financial…
Read More
RBI to Inject Rs. 37,500 Cr through OMO in FEB
30, Jan 2019 | Effects of liberalization on the economy, changes in industrial policy - GS3H
In News: The Reserve Bank of India (RBI) said that it will inject Rs. 37,500 crores into the system through purchase of government securities in…
Read More
FPI OUTFLOWS AT NEARLY RS 6,000 CRORE IN JANUARY
28, Jan 2019 | Banking
In News Foreign investors have pulled out close to Rs. 6,000 crores so far from the Indian stock markets in January 2019. Explained Even as the…
Read More
Supreme Courts Upholds Constitutional Validity of Insolvency and Bankruptcy Code
26, Jan 2019 | Banking
In News: The government’s Insolvency and Bankruptcy Code, 2016 (IBC), earned some rare praise from the Supreme Court which said that it was “happy to…
Read More
PCR has to be Backed by a Comprehensive Act
25, Jan 2019 | Banking
In News: The central bank plans to engage with the Centre and other regulators to bring in a comprehensive Public Credit Registry (PCR) Act to…
Read More
SEBI may Review Mutual Fund Categorisation Norms
23, Jan 2019 | Banking
In News: The Securities and Exchange Board of India (SEBI) is mulling a review of its regulatory framework for categorisation of mutual funds (MFs) as…
Read More
Rationalise New Norms for External Borrowing: NSEFI
21, Jan 2019 | Banking
In News: National Solar Energy Federation of India (NSEFI), a non-profit organisation, has written to the Prime Minister’s Office requesting to direct the Reserve Bank…
Read More
PCA Banks fate hangs on Q4 Show
15, Jan 2019 | Banking
In News: The banks which are under the prompt corrective action (PCA) framework have been asked to provide an estimate of the quantum of provision…
Read More
RBI Warns of NPA Spike in MUDRA Loans
14, Jan 2019 | Banking
In News: The Reserve Bank of India (RBI) has raised a red flag over spike in non-performing assets (NPAs) under the government’s flagship scheme to…
Read More
RBI Notifies Deferment of Capital Buffer Norms
11, Jan 2019 | Banking
In News: The Reserve Bank of India deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year. What is Capital…
Read More
Tokensation may aid safe Digital Transactions
10, Jan 2019 | Banking
In News: The Reserve Bank of India’s (RBI) decision to allow card payment providers to offer tokenization services will ensure the safety of digital transactions…
Read More
OALP – II Auctions
08, Jan 2019 | Banking
In News: The government is expecting about ₹40,000 crore of investment in the 14 blocks it put up on auction for prospecting of oil and…
Read More
Women’s Share in Deposits, Loans Inching UP: RBI Study
05, Jan 2019 | Banking
In News: The share of women in total credit and aggregate deposits of individuals increased further to 20.4 per cent and 32.8 per cent, respectively,…
Read More
SEBI Tweaks norms for commodity exchanges
05, Jan 2019 | Banking
In News: Commodity derivatives exchanges will now have to disclose the quantum of trading done by farmers and other commodity market participants like millers and…
Read More
Rising GDP not enough to counter sharp rise in CAD
05, Jan 2019 | Banking
In News: A Reserve Bank of India study has warned that a crude oil price shock will lead to surge in inflation or fiscal deficit…
Read More
Printing of ₹2,000 notes reduced to minimum
04, Jan 2019 | Banking
In News: The printing of Rs. 2,000 banknotes, introduced post-demonetization in November 2016, has been reduced to the "minimum" by the Reserve Bank. Explained: Soon after the…
Read More
House Panel recommends to ease capital requirements for banks
04, Jan 2019 | Banking
In News: A parliamentary panel asked the central bank to ease its rules on capital requirements for banks so that they can increase lending. Explained: In a…
Read More
RBI ‘EYES’ Solution to read Denominations
03, Jan 2019 | Banking
In News: In a bid to help the visually challenged, the Reserve Bank of India (RBI) is scouting for a digital solution that can identify…
Read More
RBI Unveils Loan Recast Scheme for Small Units
02, Jan 2019 | Banking
In News: The Reserve Bank of India (RBI) announced a one-time restructuring scheme for stressed loan accounts of micro, small and medium enterprises (MSMEs), one…
Read More
RBI Reserves Ratio Among the Highest
01, Jan 2019 | Banking
In News: Analysis of the balance sheets of the central banks of 10 comparable economies shows that the RBI's reserves as a percentage of its…
Read More
RBI scales up liquidity infusion
19, Dec 2018 | Banking
In news: The Reserve Bank had decided to scale up the amount of liquidity infusion by ₹ 10,000 crore to ₹50,000 crore this month, after…
Read More
RBI’S Forex Reserves Marginally up to $393.734 Billion
15, Dec 2018 | Banking
In News: India's foreign exchange (forex) reserves marginally rose by $6 million during the week ended December 7 According to the Reserve Bank of India…
Read More
Loan Waivers to Farmers to Burden Economy
15, Dec 2018 | Banking
In News: State governments should resist giving farm loan waivers since they will create fiscal stress and not reach the farmers that need them, former…
Read More
India post launches E-Com portal
15, Dec 2018 | Banking
In News: India Post on Friday launched its own ecommerce website to help sellers, particularly rural artisans and SHGs sell their products across the country.…
Read More
Bankers ASK RBI to EASE PCA Norms
14, Dec 2018 | Banking
In News: Chief executives of public sector banks, who met the new Reserve Bank of India(RBI) Governor, requested the central bank to relax the prompt…
Read More
Banking Correspondent (BC)
11, Dec 2018 | Banking
Introduction: Banking Correspondents (BCs) are individuals/entities engaged by a bank in India (commercial banks, Regional Rural Banks (RRBs) and Local Area Banks (LABs)) for providing banking services…
Read More
Centre RBI Difference
15, Oct 2018 | Banking
Context: There are many differences and contentions points between RBI and the central government on managing Indian economic fabric, creating tensions between them. Though there…
Read More
Internal Ombudsman
04, Sep 2018 | Banking
RBI introduces Internal Ombudsman Scheme for stronger redressal of banks customer complaints. About: The banking regulator has asked all the Scheduled Commercial Banks having 10…
Read More
India Post Payments bank
03, Sep 2018 | Banking
Prelims: Indian Economy Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) under Indian postal department, in a bid to take banking to the…
Read More
RBI on stressed assets
12, Aug 2018 | Banking
The Reserve Bank of India (RBI) has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective…
Read More
Inter Creditor Agreement
24, Jul 2018 | Banking
Lenders of the country signed an agreement known as Inter-creditor agreement (ICA) among themselves to grant power to the lead lender of the consortium to…
Read More
Sunil Mehta Committee
22, Jul 2018 | Banking
A committee under Sunil Mehta was set up to give recommendation on formation of an Asset Reconstruction Company for quicker resolution on stressed assets. Committee…
Read More

Banking

Categories

Current Affairs Calendar

Tags

Quick Navigate

Subscribe to our Daily Updates

Join Us On Telegram :

Banking

Categories

Current Affairs Calendar

Tags

Quick Navigate

Subscribe to our Daily Updates