Banking Regulation Act

RBI Trend and Progress Report, 2020

December 30, 2020

The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. ..

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Why did RBI direct HDFC bank to stop its Digital Launches?

December 3, 2020

The Reserve Bank of India recently asked the HDFC bank to temporarily stop all its launches under its Digital 2.0 programme. Why did RBI take action against HDFC bank? The RBI issued the order with regard to outrages against the ..

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RBI Mohanty Panel for Bank License to Large Corporate Houses

November 22, 2020

The Reserve Bank pf India had earlier constructed an Internal Working Group under P K Mohanty. The committee was set up to review ownership guidelines of Indian private sector banks. The committee has submitted a report about the bank licensing ..

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Why did RBI impose moratorium on Lakshmi Vilas Bank?

November 19, 2020

The Reserve Bank of India recently imposed a moratorium on Lakshmi Vilas Bank of India for a period of thirty days. The apex bank has also drafted a scheme for the merger of the bank. Under the scheme, the Lakshmi ..

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Banking Regulation (Amendment) Bill, 2020

September 23, 2020

The Banking Regulation (Amendment) Bill, 2020 which is an amendment to the Banking Regulations act 1949, was passed in Parliament.  The Bill replaces the Banking Regulation (Amendment) Ordinance, 2020 that was promulgated on June 26, 2020. key provisions of the Bill ..

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Cooperative Banks brought under RBI

June 25, 2020

On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. ..

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