Page-3 of Public Sector Banks Current Affairs, GK & News
Scheduled Bank Status in India
The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are the banks which are included in the Second Schedule of Reserve Bank of India Act, 1934. The Reserve Bank of India includes the banks in Second Schedule ..
Topics: Banks • Financial Institution • Public Sector Banks • RBI • SBI
RBI tightens fit-and-proper criteria for directors on PSB boards
Reserve Bank of India (RBI) has tightened fit-and-proper criteria for directors on boards of state-run Public Sector Banks (PSBs). In this regard, it has issued RBI (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019. Purpose of directions is to determine ‘fit and proper’ status of person to be eligible ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Nomination and Remuneration Committee • non-operative financial holding company • PSB Director • Public Sector Banks • Reserve Bank of India
Wilful Defaulters in Nationalised Banks up by 60% in 5 years: Govt
As per a written reply given by Union Finance Minister Smt. Nirmala Sitharaman in Lok Sabha, the number of wilful defaulters in nationalised banks has increased by more than 60% to 8,582 in five years to March 2019. Key Highlights The Finance Minister provided the written reply in Lok Sabha to a question asked that ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: FEO Act 2018 • Fugitive Economic Offenders Act 2018 • Insolvency and Bankruptcy Code 2016 • Look out Circulars • Nirmala Sitharaman • Public Sector Banks • RBI • Reserve Bank of India • SEBI • Securities and Exchange Board of India • Union Finance Minister • wilful defaulters
PSBloansin59minutes.com emerges Largest Fintech Lending Platform
PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country’s largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The portal provides credit up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes or less than an hour. How the ..
Month: Current Affairs - March, 2019
Topics: GST registration • Loan Approval • MSME • MSME loans • PSBloansin59minutes.com • Public Sector Banks
NITI Aayog hosts Conference on Future of Indian Banking and role of technology Tomorrow
The think tank Niti Ayog had hosted the conference on Future of Indian Banking and role of technology Tomorrow in association with the Foundation for Economic Growth and Welfare (EGROW Foundation). The conference was inaugurated by Dr Rajiv Kumar, Vice Chairman, NITI Aayog. The speakers in the event included Rajiv Kumar, Secretary, Department of Financial Services, ..
Month: Current Affairs - February, 2019
Topics: Basel Norms • EGROW Foundation • Foundation for Economic growth and Welfare • Insolvency and Bankruptcy Code • NITI Aayog • Prompt Corrective Action • Public Sector Banks • World Bank
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..
Month: Current Affairs - February, 2019
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Capital Infusion • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Public Sector Banks • UCO Bank • United Bank of India