Non Performing Assets Current Affairs, GK & News
On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet the following criteria The Outstanding loans as on March 31, 2020 The loans that are ..
Month: Current Affairs - June, 2020
Topics: Atma Nirbhar Bharat Abhiyan • Financial Institution • Government Schemes India • MSME • MSME sector • MUDRA • Non Performing Assets • Pradhan Mantri Mudra Yojana • Shishu • Small Industries Development Bank of India(SIDBI)
The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator cleared that all such transactions have to be settled in cash. Key Highlights The ARCs have been allowed to acquire financial assets from other ARCs, in the ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt corrective action (PCA) framework. This will aid in making marked improvements in the capital positions ..
Topics: BANK OF INDIA • Bank of Maharashtra • Capital to risk-weighted assets ratio • Non Performing Assets • NPA • ORIENTAL BANK OF COMMERCE • PCA • Prompt Corrective Action • RBI • Reserve Bank of India
In banking terminology, assets of a bank include all the different types of loans that it gives to borrowers and other investments made by the bank in relatively risk-free instruments such as government bonds, corporate bonds, etc. The term asset quality implies the quality of loans that a bank has given out. A bank is ..