Private Sector Banks Current Affairs, GK & News

RBI Data on Bank deposits in FY21

Reserve Bank of India (RBI) released its “Deposits with Scheduled Commercial Banks – March 2021 data” on September 23, 2021. Highlights As per RBI data, Bank deposits have increased by 11.9 per cent year-on-year during 2020-21 as compared to 8.8 per cent in 2019-20. Deposits increased in light of high growth in current account and ..

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RBI Guidelines for Tenure of Bank CEOs and MDs

The Reserve Bank of India recently laid down set of instructions to improve the corporate bank governance. RBI Guidelines The post of MD and CEO shall not be held by the same person for more than 15 years. However, they can be reappointed after a cooling period of three years. During the cooling period, the ..

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Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the country. As on July 15 2020, the total sanctioned amount under the scheme is Rs ..

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