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 the scheme, the street vendors are going to be provided with credit facility and this will act as a sourcing platform for the lending institutions and their ..

Month: Current Affairs - July, 2020

Category: Government Schemes Current Affairs • India Nation & States Current Affairs

Topics: Credit • Lending Institutions • NBFC • PM SVANidhi • Street Vendors

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. Highlights The panel constituted by the apex bank is to examine regulations to hold financial subsidiaries through non-operative financial holding company. The group is to be headed ..

Month: Current Affairs - June, 2020

Category: Economy & Banking Current Affairs

Topics: Banking • Banking Governance • NBFC • Public Sector Banks (PSBs) • RBI Board • Reserve Bank of India (RBI)

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 launched on May 18, 2020 will operate under Atma Nirbhar Bharat Abhiyan. Highlights Under the new scheme, the Finance Minister Nirmala Sitaraman announced 15 different measures. Of ..

Month: Current Affairs - May, 2020

Category: India Nation & States Current Affairs

Topics: Employee Provident Fund (EPF) • Government Schemes • Investment • MSME • NBFC • Rera • TCS • TDS • Vivad Se Vishwas

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 the reverse repo rate to 3.75%. It cut the repo rate to 4.4% from 5.15%. Also, the central bank has announced Rs 50,000 crore for Long Term ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Current Repo Rate • Current Reverse Repo Rate • extension of lock down • liquidity • Microfinance • NBFC • RBI • Repo Rate • Reverse Repo Rate

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 was presented to Jorgovanka Tabakovi, National Bank of Serbia. The award is given to central bankers who have significantly managed to stimulate growth and stabilise the economy of their country. ..

Topics: NBFC • NPA • Reserve Bank of India