NPAS Current Affairs, GK & News
CVC constitutes Advisory Board for Banking Frauds
The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and rejigged version of erstwhile Advisory Board on Bank, Commercial and Financial Frauds. About Advisory Board for Banking Frauds (ABBF) Composition: Former Vigilance Commissioner T M Bhasin will ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: Advisory Board for Banking Frauds • Banking • Business • Central Vigilance Commission • Economy • Frauds • NPAS • RBI • T M Bhasin
Insolvency and Bankruptcy Code (IBC)
The passage of the Insolvency and Bankruptcy Code (IBC), 2016 is one of the biggest insolvency reforms in the economic history of India. It was introduced by the Central Government to sort out claims related to the insolvent companies in the country. Why was the IBC needed? The IBC 2016 was needed to tackle the ..
Topics: Bad Loans • Indian Economy • Insolvency • NPAS
Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank
Union Finance Ministry announced proposal for amalgamation of three public sector banks- Bank of Baroda, Dena Bank and Vijaya Bank. The combined entity after consolidation will create India’s third largest bank. Post this merger, number of PSU banks will come down to 19 from 21, accounting for more than two-thirds of banking assets in the ..
Month: Current Affairs - September, 2018
Topics: Bank of Baroda • Banking • Business • Dena Bank • Economy • NPAS • Vijaya Bank
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2018
Lok Sabha has passed Insolvency and Bankruptcy Code (Amendment) Bill, 2018 to bring relief to the home buyers and Micro, Small and Medium Enterprises (MSMEs). The Bill replaces ordinance promulgated in this regard and amends the Insolvency and Bankruptcy Code, 2016. Background Insolvency and Bankruptcy Code (IBC), 2016 provides time-bound process to resolution of insolvency ..
Month: Current Affairs - August, 2018
Category: Legal & Constitution Current Affairs
Topics: Bills and Acts • CLAT • Insolvency • Insolvency and Bankruptcy Code (Amendment) Bill • Lok Sabha • MSMEs • NPAS • Real Estate
Government constitutes high level empowered committee to revive stressed thermal power plant
Union Government has constituted High Level Empowered Committee headed by Cabinet Secretary to address issues of Stressed Thermal Power Projects. The committee has representatives from Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and lenders having major exposure to the power sector. Key Facts The Committee will look into various issues ..
Month: Current Affairs - July, 2018
Topics: Committees • National • NPAS • Power Sector • Stressed Assets • Stressed Thermal Power Plant