Credit: Current Affairs, GK & News - 2020-2021

SBI violates RBI norms on RIL loans

Published: June 12, 2012

SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to Reliance Industries Limited (RIL). It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities — Indian Oil Corp (IOC) and Bharat Heavy Electricals Ltd (BHEL). The exposure was brought ..

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S. C. Gupta Panel for Control on Money Lenders in India

Published: September 22, 2009

RBI announced in the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for : reviewing the efficacy of the existing legislative framework, which governs money lending, reviewing the enforcement machinery in different states making recommendations to State Governments for improving the legal and ..

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India’s first Islamic bank will open in Kerala by 2010

Published: September 20, 2009

  What is a Islamic Bank? Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the payment of interest fees for the lending of money for specific terms, as well as ..

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Business Abbreviations C

Published: May 31, 2009

CALCS Capital Adequacy, Asset Quality, Liquidity, Compliance and SystemCAMELS Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems and ControlCAR Capacity Assessment RatingCAS Common Accounting SystemCASA Current & Saving AccountsCBLO Collateralised Borrowing and Lending ObligationCBS Core Banking SolutionsCBS Corporate Bond SpreadsCCCS Consumer Credit Counselling ServiceCCDM Credit Counselling and Debt ManagementCCF Credit Conversion FactorsCCIL Clearing Corporation of ..

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Abbreviations D

Published: May 31, 2009

D&B; Dun & Bradstreet Information Services India (P) Ltd.DARPG Department of Administrative Reforms and Public GrievancesDAPs Development Action PlansDCC District Consultative CommitteeDCC District Coordination CommitteeDCCB District Central Cooperative BanksDCRR Department for Cooperative Revival and ReformsDER Debt Equity RatioDFI Development Finance InstitutionDICGC Deposit Insurance and Credit Guarantee CorporationDLIC District Level Implementation CommitteeDLIC District Level Implementation and ..

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