Financial crises Current Affairs, GK & News
The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Performing Assets (NPA) of public sector banks in India and to deal with the recovery of the bad loans. This agency has been proposed in Economic Survey 2016-17. The main function of PARA would be to take ..
Topics: Bad Bank • Bank • Banking • Bond • Debt restructuring • Economy • Finance • Financial crises • Money • Non-performing loan • Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
The “bail-in” clause of the Financial Resolution and Deposit Insurance Bill (FRDI) has led to worries about the safety of bank deposits. It is different from a traditional bailout in which government’s money helps bank tide over the crisis. In case of a bail-in, it is the bank’s own deposits that are used to rescue ..
The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure on the European member state to settle the situation will remain for a longer time. The bank, however, believes that the political framework to tackle with the ..
Month: Current Affairs - July, 2012
Topics: Debt crisis • Economy • Economy of the European Union • EIB • Euro • European debt crisis • European Investment Bank • European Union • Eurozone • Financial crises • Government debt • Multilateral development banks
Background: The Euro’s introduction in 1999 came along with unified interest rates in the nations that share the currency. These unified interest rates allowed members to borrow heavily. The result was that the bonds that were issued by the nations of south Europe were taken at par with the bonds that were issued by strong ..
Topics: Debt crisis • Decades • Economy • Economy of the European Union • Euro • Eurozone • Eurozone crisis • Financial crises • Government debt • International Monetary Fund • Money • Sovereign default