scheduled commercial banks Current Affairs, GK & News
RBI Guidelines on Digital Banking Units
The Reserve Bank of India (RBI) has recently released guidelines for the banks of the country to set up digital banking units (DBUs). An announcement regarding the setting up of 75 DBUs in 75 districts was made in the Union Budget 2022-23. About Digital Banking Units A DBU is a specialized business unit that houses ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Digital Banking Units • Digital Financial Services • Financial inclusion • RBI Guidelines on Digital Banking Units • Reserve Bank of India • scheduled commercial banks
Basic Savings Account can be opened in Post Offices
The Ministry of Finance recently notified changes in Post Office Savings Account Scheme, 2019. The ministry notified that a beneficiary of Government welfare scheme can open a basic savings bank account with any post office in the country. What are the changes introduced? The accounts can be opened in an India Post Payment Bank or ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Basic Savings Account • Basic Savings Bank Deposit Accounts • Financial inclusion • India Post PAyment Bank • Pradhan Mantri Jan Dhan Yojana • scheduled commercial banks
RBI Trend and Progress Report, 2020
The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Banking Regulation Act • Insolvency and Bankruptcy Code • Non Performing Assets (NPA) • Public Sector Banks (PSBs) • Reserve Bank of India (RBI) • SARFAESI • SARFAESI Act • scheduled commercial banks • TRend and progress report • Urban Cooperative Banks (UCB)