Page-24 of Economy & Banking Current Affairs - 2024

“Depositor Education and Awareness” (DEA) Fund

July 25, 2023

Unclaimed deposits in the banking sector have been a persistent concern, prompting regulatory bodies to take proactive steps to protect consumer interests. The Reserve Bank of India (RBI) established the Depositor Education and Awareness (DEA) Fund Scheme in 2014 to ..

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Current Account Deficit

June 30, 2023

The current account deficit (CAD) plays a crucial role in assessing a country’s external sector. It measures the difference between the value of a nation’s imports and exports of goods and services.   Understanding CAD  Current Account Deficit serves as ..

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RBI Guidelines on OTS

June 9, 2023

The Reserve Bank of India (RBI) has recently introduced significant changes to the regulations governing one-time settlements (OTS) and technical write-offs of loans. The RBI has issued detailed guidelines aimed at streamlining the process and ensuring greater accountability in these ..

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RBI Guidelines on Default Loss Guarantee

June 9, 2023

The Reserve Bank of India (RBI) has taken a significant step by allowing a ‘first loss default guarantee’ (FLDG) arrangement between regulated entities and lending service providers. This move aims to enhance the digital lending sector and mitigate credit risks ..

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Antardrishti Dashboard

June 7, 2023

RBI Governor Shaktikanta Das recently launched a financial inclusion dashboard called ‘Antardrishti’, marking a significant step towards promoting financial inclusion in India. This innovative tool aims to provide valuable insights for assessing and monitoring the progress of financial inclusion by ..

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Additional Disclosure Norms for “High-Risk” FPIs

June 2, 2023

The Securities and Exchange Board of India (SEBI) has recently released a consultation paper aimed at strengthening investor protection and promoting transparency in the Indian securities market. It recently unveiled a consultative paper that called for mandatory additional disclosure norms ..

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