banking system Current Affairs, GK & News

Increase in the Number of Wilful Defaulters

The government has stated that the number of wilful defaulters in nationalised banks was increased by about 60 per cent in the last five years. The number of wilful defaulters has been increased to 8,582 in five years in March 2019 from 5,349 at the end of 2014-15. What is a Wilful Default? Reserve Bank ..


Financial Literacy Week 2019

The Reserve Bank of India (RBI) is observing Financial Literacy Week 2019 from June 3-7 on the theme of “Farmers”. The theme aims to highlight how farmers can benefit from being a part of the formal banking system. About the Initiative The Financial Literacy Week of RBI aims to promote awareness on key topics every ..