Page-2 of Topic: 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...
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)....
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...
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...
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,...
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... 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...
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...
Future of Money Report
A report titled “Future of Money” by venture capital firm Blume Ventures suggests that Central Bank Digital Currencies (CBDCs) have the potential to replace physical cash in the...
RBI Encourages Fintech Self-Regulatory Organizations (SROs) for Ethical Practices
Reserve Bank of India (RBI) Governor Shaktikanta Das has called upon fintech entities to establish Self-Regulatory Organizations (SROs). He emphasizes the need for SROs in the fintech sector... RBI to Phase Out Incremental Cash Reserve Ratio (I-CRR)
The Reserve Bank of India (RBI) has announced the phased discontinuation of the Incremental Cash Reserve Ratio (I-CRR), introduced on August 10, 2023. Following a review, the RBI...
