Central Bank of India Current Affairs, GK & News
What is the objective of RBI’s new 20000 cr-special OMO?
In a recent announcement, the Reserve Bank of India declared its intention to conduct simultaneous purchase and sale activities of government securities under the Open Market Operations for an amount of Rs 20,000 crore in two channels. Open Market Operation (OMO) An open market operation is an activity of the central bank that is associated ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: Central Bank of India • Economy • Open market operation • RBI • Reserve Bank of India
Merger of the 10 Public Sector Banks
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger of 10 public sectors into 4 banks. The anchor banks for this merger will be ..
Topics: Bank of Baroda • Banking • Canara Bank • Central bank • Central Bank of India • Economy of India • Financial services • Indian Economy • Mega Merger of Banks • National bank • Public Sector Banks • Public Sector Banks in India • State Bank of India • Syndicate Bank
EASE Index Report
The BCG-IBA report EASE Reforms for Public Sector Banks measures the performance of each PSB on 140 objective metrics across 6 themes. The 6 themes are: Customer Responsiveness: EASE for customer comfort Responsible Banking: Financial stability, governance for ensuring outcomes, and EASE for clean & commercially prudent business Credit Off-take: EASE for the borrower and ..
Month: Current Affairs - March, 2019
Topics: Bank of Baroda • Canara Bank • Central Bank of India • Dena Bank • EASE Index Report • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Punjab National Bank • State Bank of India • Syndicate Bank • UCO Bank • United Bank of India
RBI Removes three Banks from PCA Framework
The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh capital into various banks including some of the banks currently under the PCA framework. As ..
Month: Current Affairs - February, 2019
Topics: Allahabad Bank • Capital to risk-weighted assets ratio • Central Bank of India • Corporation Bank • Dena Bank • Dhanlaxmi Bank • Indian Overseas Bank • Non Performing Assets (NPA) • RBI • Reserve Bank of India • return on assets • UCO Bank • United Bank of India
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..
Month: Current Affairs - February, 2019
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Capital Infusion • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Public Sector Banks • UCO Bank • United Bank of India