Narasimham Committee on Banking Sector Reforms Current Affairs, GK & News
Recently, the Reserve Bank of India (RBI) has decided to extend liquidity adjustment facility (LAF) to Regional Rural Banks (RRB) to make liquidity management more efficient. The LAF was introduced in RBI in 1998 based on the recommendations of Narasimham Committee on Banking Sector Reforms. It is a monetary policy tool that enables banks to ..
Category: Economy & Banking Current Affairs
The economic liberalization in India refers to the economic liberalization of the country’s economic policies, initiated in 1991 with the goal of making the economy more market-oriented and service-oriented, and expanding the role of private and foreign investment. The basic aim of liberalization was to put an end to those restrictions which became hindrances in ..
Topics: Banking in India • Economic liberalisation in India • Economic liberalization • Economy • Economy of India • Foreign Exchange Management Act • Liberalization • Narasimham Committee on Banking Sector Reforms • Trade policy of South Korea
The Reserve Bank of India (RBI) has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively. The move is part of ending the cross-holding in regulatory institutions and follows the recommendation of second Narasimham committee report ..
Topics: Economy of India • IDBI Bank • India • NABARD • Narasimham Committee on Banking Sector Reforms • National Bank for Agriculture and Rural Development • National Housing Bank • Reserve Bank of India
The financial sector reforms are one of the most important policy agenda of the authorities around the world. There are several reasons for the same. Firstly, the reforms are needed to increase the efficiency of financial resource mobilizations and generate higher levels of growth. Secondly, financial sector reforms are utmost necessary for the macro-economic stability. ..