Banking Regulation Act Current Affairs, GK & News

RBI Trend and Progress Report, 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. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..

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

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 bank. The order were issued with regard to incidents of outrages in mobile banking, internet ..

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RBI Mohanty Panel for Bank License to Large Corporate Houses

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 in India Key Recommendations Large industrial houses and corporates shall be allowed as promoters of ..

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Why did RBI impose moratorium on Lakshmi Vilas Bank?

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 Vilas Bank is to be amalgamated with the DBS Bank of Singapore. Why was Lakshmi ..

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Banking Regulation (Amendment) Bill, 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 The Bill provides power to RBI so as to initiate scheme for reconstruction or amalgamation ..

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