Non-performing Asset
Economic Survey 2021-22- Highlights
The Economic Survey 2021-22 was tabled in Parliament on January 31, 2022 by Finance minister Nirmala Sitharaman. Who prepared the Economic Survey? Economic Survey 2021-22 was prepared by a team led by principal economic adviser Sanjeev Sanyal. The survey is ..
Tags: COVID-19 • Economic growth • Economic Survey • Inflation • Non-performing Asset
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022
RBI: Banks to place consumer education info on websites
The Reserve Bank of India (RBI) issued a set of clarifications on November 12, 2021 regarding its existing asset classification guidelines. Under the guidelines, banks have been asked to specify the exact due dates of repayment in loan agreements. Highlights ..
Tags: Non-performing Asset • RBI guidelines in loan repayment • Reserve Bank of India (RBI)
Month: Current Affairs - November, 2021
RBI panel calls for overhauling ARC regulations
A Reserve Bank of India (RBI) panel has suggested for overhauling rules to govern Asset Reconstruction Companies (ARC). Key Points Overhauling ARC regulations will enhance the availability of bad loans for transactions. It will also bring in a wide set ..
Tags: Asset Reconstruction Companies (ARC’s) • Insolvency and Bankruptcy Code • Non-performing Asset • SARFAESI
Month: Current Affairs - November, 2021
IOB out of RBI PCA Framework
Reserve Bank of India (RBI) has moved out the public sector lender Indian Overseas Bank (IOB) from Prompt Corrective Action (PCA) framework after its financial and credit profile improved. Key Points This decision provides lender more freedom to lend, especially to corporations and ..
Tags: Indian Overseas Bank (IOB) • Ministry of Finance • Non-performing Asset • PCA Regime • Reserve Bank of India (RBI)
Month: Current Affairs - September, 2021
Cabinet approves decks for NARCL
Union Government has approved the decks for National Asset reconstruction Company Limited (NARCL) on September 16, 2021. Highlights This proposal requires the government to guarantee Security Receipts (SR) issued by NARCL, while buying non-performing assets (NPAs) from banks. This move ..
Tags: Asset Reconstruction Companies (ARC’s) • Bad Banks • NARCL • National Asset Reconstruction Company Ltd • Non-performing Asset
Month: Current Affairs - September, 2021
PM SVANidhi Scheme: 1.6% loans from private sector
The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021. Of this, eighteen lakh loans were provided by the Public Sector Banks. ..
Tags: COVID-19 • lock down • Non-performing Asset • Non-performing loan • PM SVANidhi