Page-3 of Economy & Banking Current Affairs - 2022
What is Bharat-NCAP?
Union Minister Nitin Gadkari announced the launch of India’s own crash-testing program, Bharat New Car Assessment Programme (Bharat NCAP), aimed at improving road safety standards for motor vehicles up to 3.5 tonnes. The program will award star ratings to vehicles ..
Tags: Road Accident Deaths • Road Accidents in India
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs - 2022
RBI Sets Guidelines for Penal Charges on Loan Defaults
The Reserve Bank of India (RBI) has issued guidelines to lenders, directing them to categorize penalties for borrower defaults as ‘penal charges’ rather than ‘penal interest.’ The RBI’s guidelines emphasize that these charges must be “reasonable” and proportional to the ..
Month: Current Affairs - August, 2023
Category: Banking Current Affairs
RBI Mandates Flexible Options for Personal Loan Borrowers
The Reserve Bank of India (RBI) has directed regulated entities, including banks and NBFCs, to provide personal loan borrowers the flexibility to switch from floating to fixed rate interest regimes at the time of interest rate resets. In a circular, ..
Month: Current Affairs - August, 2023
Category: Banking Current Affairs
Credit Suisse and UBS Global Wealth Report
For the first time since the 2008 financial crisis, global household wealth has experienced a decline due to rising interest rates and persistent inflation. However, amidst the challenges, the situation offers a glimmer of hope. The annual Credit Suisse and ..
Month: Current Affairs - August, 2023
Category: Banking Current Affairs
UDGAM (Unclaimed Deposits – Gateway to Access inforMation)
The Reserve Bank of India (RBI) has introduced a Centralised Web Portal named UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal, developed by the RBI, enables the public to conveniently search for unclaimed deposits across multiple banks from ..
Month: Current Affairs - August, 2023
Category: Banking Current Affairs
SEBI Cuts IPO Listing Time to Three Days
In a landmark decision aimed at streamlining the capital market operations, the Securities and Exchange Board of India (SEBI) has ushered in a new era for public issues. Revamped Listing Time-Frame SEBI recently announced a crucial reduction in the time ..
Month: Current Affairs - August, 2023
Category: Banking Current Affairs