Page-10 of Economy & Banking Current Affairs

Punjab National Bank Integrates NCRP Solution for Cybersecurity

January 28, 2025

Recently, Punjab National Bank (PNB) made headlines by becoming the first Indian bank to implement Clari5’s National Cybercrime Reporting Portal (NCRP) Integration Solution. This integration represents advancement in the management of cybercrime complaints within the banking sector. The system connects ..

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India’s Forex Reserves Decline

January 27, 2025

India’s foreign exchange (forex) reserves have experienced fluctuations in recent weeks. As of January 17, 2025, the reserves stood at $623.983 billion, a decrease of $1.88 billion from the previous week. This decline follows a larger drop of $8.714 billion ..

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Insolvency and Bankruptcy Code Cases Slow Down

January 27, 2025

The Insolvency and Bankruptcy Code (IBC) has been mechanism for resolving distressed debts in India. However, recent trends indicate a decline in its effectiveness. The Reserve Bank of India (RBI) reported a drop in case admissions to the National Company ..

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Surge in Banking Complaints Under Ombudsman Scheme

January 27, 2025

The Reserve Bank of India (RBI) reported rise in customer complaints under its Integrated Ombudsman Scheme for the fiscal year ending March 2024. The total complaints surged by 32.81 per cent, reaching 934,355. This increase indicates a decline in customer ..

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CBIC Introduces Temporary Identification Number

January 27, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has recently implemented changes to the Goods and Services Tax (GST) framework in India. These changes include the introduction of a Temporary Identification Number (TIN) for businesses that do not require ..

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Unified Lending Interface (ULI) Pilot

January 25, 2025

The Unified Lending Interface (ULI) was launched by the Reserve Bank of India (RBI) to streamline the lending process. Since its pilot inception in August 2023, ULI has facilitated the disbursement of ₹38,000 crore across 7.5 lakh loans. This platform ..

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Rising Geo-Economic Fragmentation Threatens Global GDP

January 24, 2025

The World Economic Forum recently released the Navigating Global Financial System Fragmentation report. It revealed that geo-economic fragmentation could drastically diminish global GDP. This potential impact is set to eclipse the economic fallout from both the 2008 financial crisis and ..

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Global Foreign Direct Investment Decline

January 24, 2025

Global foreign direct investment (FDI) experienced a notable decline of eight per cent in 2024, according to the United Nations Conference on Trade and Development (UNCTAD). This reduction poses risks to achieving the Sustainable Development Goals (SDGs), which heavily depend ..

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Sebi’s New When-Listed Trading Platform Explained

January 24, 2025

The Securities and Exchange Board of India (Sebi) is set to launch a “when-listed” trading platform. This initiative aims to regulate the trading of shares between the allotment phase of an initial public offering (IPO) and their official listing on ..

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India’s Manufacturing Vision for Tier 2 and 3 Cities

January 23, 2025

The Government of India is focusing on enhancing manufacturing capabilities in Tier 2 and 3 cities. This initiative aims to boost the country’s economic growth by increasing the contribution of manufacturing to the Gross Value Added. The Commerce Ministry has ..

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