Page-6 of Topic: Banking Current Affairs
Zimbabwe’s Gold-Backed Digital Currency
Recently, Zimbabwe launched a gold-backed digital currency, marking another attempt to stabilize and strengthen its currency. This innovative move aims to address the ongoing challenges faced by the...
Creditor-led Insolvency Resolution Mechanism
The Creditor-led Insolvency Resolution Mechanism is a newly proposed mechanism that aims to reduce delays in the resolution process, which have escalated under the current system, causing legal...
SEBI’s Testing Framework for IT Systems of Market Infrastructure Institutions (MIIs)
SEBI, India’s regulatory body, has introduced a new framework for testing the IT systems used by market infrastructure institutions (MIIs), including stock exchanges, clearing corporations, and depositories. The...
ESMA’s Derecognition of 6 Indian CCPs
European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator and supervisor, has derecognized six Indian central counterparties (CCPs) from April 30, 2023, due to no...
SEBI introduces the Legal Entity Identifier (LEI) System
The Securities and Exchange Board of India (SEBI) has introduced the Legal Entity Identifier (LEI) system for issuers that have listed or are planning to list non-convertible securities,...
UBS
UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this...
India Venture Capital Report 2023: Important Findings
Bain & Company’s annual India Venture Capital Report 2023 reveals that venture capital investments in India saw a decrease in deal value of 33% from 38.5 billion to...
India to allow NRIs to Use UPI
The National Payments Corp. of India (NPCI) has made a significant move that allows Indians abroad to use the fast payments network Unified Payments Interface (UPI) as long...
RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks
The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background...
Six years of ‘Bharat Interface for Money’
On the 30th of December 2016, the Prime Minister of India, Narendra Modi, launched the Bharat Interface for Money (BHIM) payment app. Six years later, BHIM is still... SEBI: New Benchmarking Norms for Portfolio Managers
The Securities and Exchange Board of India (SEBI) has released new guidelines titled “Performance Benchmarking and Reporting of Performance by Portfolio Managers”. The guidelines, which will come to...
