Banking Current Affairs

NITI Aayog submits names of PSU banks to be privatised

NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..

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RBI to conduct first SLTRO for small finance banks

The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks. What is the plan? The RBI will conduct the SLTRO for each month starting from May 2021. This is to continue till October 2021. The SLTRO will be ..

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