Current Affairs

GK MCQs Section

Non-bank financial institution

Centrum to takeover PMC Bank

Reserve Bank of India (RBI) cleared proposal to takeover of Punjab and Maharashtra Cooperatives Bank (PMC Bank) by...

📅 June 19, 2021

TN Manoharan heads Committee on Secondary Markets

The 6-member RBI task force, headed by Canara Bank Chairman TN Manoharan, has recommended the setting up a...

📅 September 6, 2019

Housing Finance Companies to be treated as NBFCs

The Reserve Bank of India (RBI) has issued a notification stating that housing finance companies (HFCs) will be...

📅 August 22, 2019

Partial Guarantee Scheme for NBFCs

In order to address the liquidity issues haunting the NBFC’s, the government has announced Rs 1-lakh crore Partial...

📅 August 22, 2019

L&T Finance Holdings becomes first NBFC to get $100 million loan from AIIB for Green Energy Funding

The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100...

📅 July 16, 2019

Tapan Ray RBI committee to strengthen Core Investment Companies (CIC) framework

The Reserve Bank of India (RBI) has constituted a 6-member committee, under the chairmanship of former secretary of...

📅 July 4, 2019

RBI launches CMS system

The Reserve Bank of India (RBI) has launched a new “Complaint Management System (CMS)” website where anyone can...

📅 June 28, 2019

Sunil Mehta recommends changes in existing Inter-Creditor Agreement (ICA)

The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA)...

📅 June 12, 2019

RBI relaxes rules for NBFCs to sell or securitise their loan books to ease persistent stress in sector

Reserve Bank of India (RBI) relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan...

📅 November 30, 2018

RBI permits banks to provide PCE to NBFC bonds

The Reserve Bank of India (RBI) has recently permitted banks to grant Partial Credit Enhancement (PCE), or a...

📅 November 3, 2018

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