On 14th March Ministry of Micro, Small and Medium Enterprises (MSMEs) announced the extension of the Credit Guarantee Scheme for Subordinate Debt (CGSSD) by another year. About extension...
The Reserve Bank of India (RBI) recently included Airtel Payment Bank in the second schedule of RBI Act, 1934. And HDFC, ICICI and SBI are to remain as...
On February 12, 2020, the Union Cabinet approved on capital infusion in three Public Sector Units namely United India Insurance Company (UIICL), Oriental Insurance Company Limited (OICL) and...
On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the...
The Banker magazine has named the Reserve Bank of India (RBI) Governor Shaktikanta Das as the Central Banker of the Year- Asia-Pacific 2020. ‘Global Central Banker of the Year’ award...
On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as...
On December 27, 2019, RBI released Financial Stability Report. The report is biennial and reflects the collective assessment of the Sub-committee of Financial Stability and Development Council. The...
The Reserve Bank of India has imposed caps on withdrawals made by customers of Punjab and Maharashtra Cooperative Banks for 6 months. The imposition was invoked by the...
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...
The U.K. Sinha committee constituted by the Reserve Bank of India (RBI) to study the problems faced by MSMEs has recommended constituting stressed asset fund for domestic micro,...
