Topic: NBFC
Do you think that RBI needs to set up a special liquidity window for NBFCs as the sector is in dire need of a shakeup? Comment.
The latest stability report by RBI has stated that the financial system of the country is largely stable as the main issue of bad loans has been arrested....
RBI: Panel on Customer Service Standards in Banks, NBFCs
On the 23rd of May 2022, the Reserve Bank of India (RBI) announced that a committee has been set up to evaluate the adequacy, effectiveness, and quality of...
PM SVANidhi App Launched to Provide Credit to Street-Vendors
The Secretary, Union Ministry of Housing and Urban Affairs, Durga Shankar Mishra, has launched the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) mobile application in New Delhi. Under...
RBI sets up P K Mohanty Panel to Review Ownership of Private Banks
On June 12, 2020, the Reserve Bank of India has constituted an internal working group. The working group is to review guidelines of ownership of private sector banks....
Rs 20 Lakh crore Economic Package: MSME, EPF, NBFC, MFI, Real Estate Benefited
The Government of India had earlier launched Pradhan Mantri Garib Kalyan Yojana. Under which Rs 1.7 lakh crore was allocated. The Lock Down 4.0 that is to be... RBI cuts Reverse Repo rate to 3.75%, Rs 50,000 crores for LTRO 2.0
On April 17, 2020, the Reserve Bank of India announced a slew of measures after GoI extended the lock down till May 3, 3030. The Apex bank cut...
Shaktikanta Das named the ‘Central Banker of the Year 2020 – Asia-Pacific’
The Banker magazine has named the Reserve Bank of India (RBI) Governor Shaktikanta Das as the Central Banker of the Year- Asia-Pacific 2020. ‘Global Central Banker of the Year’ award...
Budget 2020: Financial Sector
The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three... RBI directs large co-op banks to report all exposures above Rs.5 crore
Reserve Bank of India (RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits...
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing...
PSBs disbursed Rs 4.91 lakh crore under the Customer Outreach Initiative in October and November 2019
In September 2019, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the launched the Customer Outreach Initiative by the Public Sector Banks (PSBs) of India....
