Non Performing Assets (NPA) Current Affairs, GK & News
RBI Trend and Progress Report, 2020
The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Banking Regulation Act • Insolvency and Bankruptcy Code • Non Performing Assets (NPA) • Public Sector Banks (PSBs) • Reserve Bank of India (RBI) • SARFAESI • SARFAESI Act • scheduled commercial banks • TRend and progress report • Urban Cooperative Banks (UCB)
SC places Cooperative banks under SARFAESI Act
The Supreme Court of India recently pronounced its judgement that cooperative banks shall be placed under SARFAESI Act. Highlights The Supreme court has upheld the GoI notification dated January 28, 2003 under which the cooperative societies have come under SARFAESI Act. The Apex court has also ruled that the Cooperative Banks have also come under ..
Month: Current Affairs - May, 2020
Category: Legal & Constitution Current Affairs
Topics: Banking Regulation Act • CLAT • cooperative bank • Financial Institutions • Non Performing Assets (NPA) • Reserve Bank of India (RBI) • SARFAESI Act • Supreme court
Cabinet Approval: Mega Consolidation of Public Sector Banks
On March 4, 2020, the Union Cabinet chaired by Narendra Modi had approved mega consolidation of 10 Public Sector Banks. Highlights The mega merger is to come into effect from April 1, 2020. It includes amalgamation of United Bank of India and Oriental Bank of India into Punjab National Bank. Also, amalgamation of Syndicate Bank ..
Month: Current Affairs - March, 2020
Category: India Nation & States Current Affairs
Topics: Bank Merger • cabinet approval • Canara Bank • Indian Bank • Indian Banking System • Non Performing Assets (NPA) • PM Modi • Union Cabinet
Cabinet approves amendment to bring Cooperative Banks under RBI Regulation
On February 5, 2020, the Union Cabinet approved to bring regulation of cooperative banks under Reserve Bank of India. In order to achieve this, the Cabinet approved amendments to Banking regulation act. Highlights According to the amendment, the cooperative banks will now hold the regulatory requirements that have been set for scheduled commercial banks. With ..
Month: Current Affairs - February, 2020
Category: Economy & Banking Current Affairs
Topics: Bad Loans • cabinet approval • commercial banks • Non Performing Assets (NPA) • PMC banks • RBI
National Financial Reporting Authority submits first report since constitution
The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the authority since its constitution in October 2018. The audit was conducted abiding Section 13(2) of the companies act, 2013 and NFRA rules, 2018. Highlights Prior to NHRA, ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Auditing • Bad Loans • Companies Act 2013 • Financial Assistance • Investment • National Financial Reporting Authority • Non Performing Assets (NPA)