RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets

The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, Non-Banking Financial Companies. The guidelines have also included recommendations of Committee on Development of Housing ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Committee • Dr Harsh Vardhan • Exim Bank • Financial Institutions • NABARD • Non-Banking Financial Companies (NBFCs) • Reserve Bank of India (RBI) • Stressed Assets • Task Force

Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to ..

Month: Current Affairs - May, 2020

Category: Economy & Banking Current Affairs

Topics: Economic slow down • Exim Bank • Monetary Policy Committee • RBI • Repo Rate • Reverse Repo Rate • state government

SIDBI launches “Swavalamban Express” to promote business aspirants

On March 19, 2020, the Small Industries Development Bank of India (SIDBI) announced Swavalamban Express. Highlights The Train is to visit 11 entrepreneurial cities. This includes Delhi, Jammu, Mumbai. Ahmedabad, Hyderabad, Bengaluru, Kolakata, Bhubaneswar and Varanasi. During the period, various workshops and programmes are to be organized. The train has been launched to fulfil India’s ..

Month: Current Affairs - March, 2020

Category: Economy & Banking Current Affairs

Topics: 5 Trillion Dollar Economy • Exim Bank • NABARD • NHB • Railways • Reserve Bank of India (RBI) • SIDBI • Startup • Swavalamban Express

EXIM Bank extends Rs 250 Crore LOC to Suriname

The Mumbai headquartered Export-Import Bank of India (EXIM Bank) on Wednesday, 22nd January 2020, on behalf of the Government of India has extended a Line of Credit (LOC) of Rs 250 crore (USD 35.80 million) to the South American country, Republic of Suriname. The LOC was provided to fund the rural electrification system through Solar ..

Month: Current Affairs - January, 2020

Topics: Exim Bank • Export-Import Bank of India • Government of India • Line of credit • Mumbai • South America • Suriname

USD 500 million Line of credit to Bangladesh for Defence Procurement

Export and Import Bank of India (EXIM) has entered into an agreement with Bangladesh’s Armed Forces Division on 11th April this year for making a Government of India supported USD 500 million Line of Credit for Defence Procurements. The agreement under the Line of Credit is effective from the 7th of November 2019, with the ..

Category: Economy & Banking Current Affairs

Topics: Bangladesh • Defence • Exim Bank • Export and import bank • Government of India • Line of credit