Non-performing Asset Current Affairs, GK & News

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. On the other hand, the private sector banks have provided only 32,534 loans. Bottom line, ..

Month: 

Category: 

Topics: 

RBI imposes Rs 2 crore penalty on SBI

The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2 crore after it failed to follow the regulations in payment of remuneration to its employees through the commissions. Highlights The Reserve Bank of India imposed the monetary ..

Month: 

Category: 

Topics: 

Budget 2021: New Asset Reconstruction and Asset Management Company to be set up

The finance Minister of India, Nirmala Sitharaman, has announced during the presentation of the Union Budget 2021 that a new asset reconstruction and asset management company will be set up in India. Key facts The new Asset reconstruction and asset management company will look after the Non-Performing Assets (NPAs) of stressed banks. New amendments will ..

Month: 

Category: 

Topics: 

RBI Financial Stability Report

The Reserve Bank of India recently released to the financial stability report for December 2020. This is the 22nd issue of financial stability report of the apex bank. It is released twice a year. Key Findings of the Financial Stability Report of RBI The Gross non-performing assets ratio of the scheduled commercial banks is to ..

Month: 

Category: 

Topics: 

Jharkhand’s Farm Loan Waiver Scheme

The Jharkhand Cabinet recently approved a loan waiver up to Rs 50,000 for 9.07 lakh farmers. The cabinet has earmarked Rs 2,000 crores for the purpose. Key Highlights According to the State Government of Jharkhand, there are 12.93 lakh farmers in the state. They have loan dues amounting to Rs 5,800 crores. Other Approvals The ..

Month: 

Category: 

Topics: 

1 / 212