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 ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

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: Economy & 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: Economy & 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: Economy & 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: Economy & 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: Economy & Banking Current Affairs

SEBI’s New Online Dispute Resolution (ODR) System

The Securities and Exchange Board of India (Sebi) has been making remarkable strides in safeguarding the interests of investors. To enhance the grievance redressal process, Sebi has announced the launch of an Online Dispute Resolution (ODR) mechanism, which aims to ..

Month: Current Affairs - August, 2023

Category: Economy & Banking Current Affairs

“Still Unprepared” Report

In 2022, India experienced extreme weather events impacting the nation on a staggering 314 out of 365 days. As climate change accelerates, the urgency to address climate risks becomes paramount, especially for major Indian banks. A recent analysis conducted by ..

Month: Current Affairs - August, 2023

Category: Economy & Banking Current Affairs • Environment Current Affairs • Reports & Indexes Current Affairs

“Depositor Education and Awareness” (DEA) Fund

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 ..

Month: Current Affairs - July, 2023

Category: Economy & Banking Current Affairs

Current Account Deficit

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 ..

Month: Current Affairs - June, 2023

Category: Economy & Banking Current Affairs