Page-2 of Banking Current Affairs – Page 2

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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 Economy & Banking Current Affairs

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