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IBC and Reduction in Gross NPAs of Banks
The biggest problem of the Indian Banking System is Non-performing Asset (NPA). The report of the Crisil has stated that the gross NPA is estimated to have declined to 10 per cent in end-March 2019 from 11.5 per cent a ..
RBI Cuts Key Interest Rate
The Reserve Bank of India (RBI) has slashed the key interest rate, repo rate by 25 basis points or 0.25 per cent to 6 per cent and has decided to maintain the neutral policy stance. Financial Statement of the RBI ..
Month: Current Affairs - April, 2019
RBI tweaks NPA Disclosure Norms
The Reserve Bank of India (RBI) has brought changes to the bad loan divergence rule. The Bad loan divergence practice mandated by RBI aims at improving transparency in asset classification. The Changes brought in by the RBI are: NPA Disclosure ..
Month: Current Affairs - April, 2019
Prompt Corrective Action framework restrictions lifted for Three Banks
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 ..
Month: Current Affairs - February, 2019
RBI cautions on NPAs due to MUDRA Loans
The Reserve Bank of India (RBI) has voiced concern on the spike in non-performing assets (NPAs) under the government’s flagship scheme Pradhan Mantri Mudra Yojana to support micro-enterprises in the country. Disbursements under Pradhan Mantri Mudra Yojana The annual report ..
Month: Current Affairs - January, 2019
Two years of insolvency and Bankruptcy Code (IBC)
The Union Finance Minister Arun Jaitley has written a Facebook post titled ‘Two years of insolvency and Bankruptcy Code (IBC)”. In the post, he explains how things have been changed after the IBC was passed by the Parliament. Once the ..