Current Affairs

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Page-2 of Topic: Banking Current Affairs

RBI Eases Closure Rules for District Central Co-operative Banks

The Reserve Bank of India (RBI) has announced a significant change in its regulations, allowing District Central Co-operative Banks (DCCBs) to close un-remunerative branches without seeking prior permission...

October 31, 2023

RBI Mandates Minimum Two Whole-Time Directors for Indian Banks

The Reserve Bank of India (RBI) has introduced a crucial requirement for Indian banks, stating that they must now have a minimum of two whole-time directors (WTDs) on...

October 26, 2023

G20 Expert Panel’s Recommendations on Reforming MDBs

A G20 expert panel dedicated to strengthening Multilateral Development Banks (MDBs) has urged these institutions to pivot from financing individual projects to prioritizing sectoral programs aligned with long-term...

October 20, 2023

RBI Forms Working Group for Credit Loss-Based Provisioning Transition

The Reserve Bank of India (RBI) has established a nine-member working group to propose a framework for a smoother transition to the expected credit loss-based provisioning system (ECL)....

October 5, 2023

SEBI to Implement Centralized KYC Reporting for Deceased Investors

The Securities and Exchange Board of India (Sebi) has unveiled a new framework aimed at streamlining the process of reporting and verification in the event of an investor’s...

October 4, 2023

RBI’s Monetary Policy: Repo Rate Unlikely to be Changed

The Reserve Bank of India’s (RBI) upcoming Monetary Policy Committee (MPC) meeting, scheduled from October 4 to 6, is expected to maintain the repo rate at 6.5 percent...

October 3, 2023

Sebi Enhances Transparency in Listing Rules for Non-Convertible Debt Securities

The Securities and Exchange Board of India (Sebi) has made significant amendments to the rules governing the listing of non-convertible debt securities issued by listed entities. These changes,...

September 22, 2023

RBI Proposes Transparent Mechanism for Declaring Wilful Defaulters

The Reserve Bank of India (RBI) has introduced a robust and transparent mechanism for the classification of wilful defaulters, aimed at strengthening accountability and making it more challenging...

September 22, 2023

RBI Directs Regulated Entities to Release Property Documents Promptly

The Reserve Bank of India (RBI) has issued directives to all Regulated Entities (REs), including banks and non-banking financial companies (NBFCs), to release original movable or immovable property...

September 15, 2023

Global Debt as a Share of Economic Output Declined in 2022

The International Monetary Fund (IMF) reported that global debt as a share of economic output decreased for the second consecutive year in 2022, but this trend may be...

September 14, 2023

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