Banking in India: GK, General Studies and Current Affairs

Differentiated Bank Licences and Issues with New Licenses in India

The Indian financial system currently consists of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The commercial banks can be divided into categories depending on the ownership pattern, viz. public sector banks, private sector banks, foreign banks. While the State bank of India and its associates, nationalised banks and Regional Rural Banks ..

Banking & Finance Update

April 17, 2009: RBI Turns Net Foreign Exchange BuyerApril 18, 2009 : RBI widens scope of unsecured loansApril 20, 2009 : IFC-backed funds to pick up equity in Indian infra projects April 20, 2009 : Meltdown hits Rs 5,500cr solar power project in BengalApril 21, 2009 : Economy to grow at 5.7% in FY10, as ..

Quick Current Affairs

1. The Government has decided to infuse a 3800 crore fund to UCO Bank , Central Bank of India and Vijaya Bank to shore up their capital adequacy. 2. The citizens dream of “anytime, anywhere” could be reality by 2013 with the central Government deciding to pump in 20175 crore for as many as 27 ..