Banking Regulation Bill Current Affairs, GK & News
Cabinet Approves Ordinance to bring UCBs and MSCBs under RBI supervision
The decision to bring Urban Cooperative Banks (UCBs) and Multi-State Cooperative Banks (MSCBs) under the supervision of India’s Central Bank- the Reserve Bank of India (RBI) was taken on 24th June 2020 during a meeting of the Union Cabinet. The ordinance will immediately come into effect from the date of signature of the President of ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
Topics: Banking Regulation Bill • Lok Sabha • Multi-State Cooperative Banks • Reserve Bank of India (RBI) • Union Cabinet • Union Cabinet Decisions • Urban Cooperative Banks (UCB)
Parliament passes Banking Regulation (Amendment) Bill, 2017
Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it. The Lok Sabha has already passed it. The bill will replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated by President in May 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related ..
Month: Current Affairs - August, 2017
Topics: Banking Regulation Bill • Bill and Amendments • CLAT • National • Parliament
Lok Sabha passes Banking Regulation (Amendment) Bill, 2017
The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets or non-performing assets (NPAs) of banks. Stressed assets (NPAs) are loans defaulted ..
Month: Current Affairs - August, 2017
Topics: Banking • Banking Regulation Bill • Bills and Amendments • CLAT • Lok Sabha • National • NPAS • RBI • Stressed Assets