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: Current Affairs - April, 2021
Category: Government Schemes Current Affairs
Topics: COVID-19 • lock down • Non-performing Asset • Non-performing loan • PM SVANidhi • PM SVANidhi Scheme • Public Sector Banks • Street Vendors
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: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Banking Regulation Act 1949 • Non-performing Asset • Penalty on SBI • Reserve Bank of India • State Bank of India
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: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • New Asset Reconstruction and Asset Management Company • Non-performing Asset • SARFAESI Act 2002 • Union Budget 2021
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: Current Affairs - January, 2021
Category: Economy & Banking Current Affairs
Topics: Financial stability • financial stability report • Non-performing Asset • Public Sector Banks (PSBs) • Reserve Bank of India (RBI)
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: Current Affairs - December, 2020
Category: India Nation & States Current Affairs • States Current Affairs
Topics: Cabinet • farm loan waiver • Government of Jharkhand • Jharkhand • Loan waiver • Non-performing Asset • Pradhan Mantri Fasal Bima Yojana • small and Marginal Farmers