Small Finance Banks Current Affairs, GK & News
Small Finance Banks
On 27 November 2014, RBI had released the guidelines on Small Finance Banks along with the Payment Banks. The objective of small finance banks is to further financial inclusion by providing: Basic banking facilities to the unbanked and thereby boosting saving habits. Supply of credit to small business units, small and marginal farmers, micro and ..
..Read MorePMC Bank amalgamation scheme
On January 25, 2022, the Reserve Bank of India (RBI) announced that, government has notified a draft scheme for amalgamation of Punjab & Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank (SFB). Highlights Final scheme envisages to start pay-outs for depositors with around Rs 5 lakh in balance within one year, as opposed to ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: BharatPe • PMC bank • Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) • Small Finance Banks • Unity Small Finance Bank (SFB).
RBI to conduct first SLTRO for small finance banks
The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks. What is the plan? The RBI will conduct the SLTRO for each month starting from May 2021. This is to continue till October 2021. The SLTRO will be ..
Month: Current Affairs - May, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: COVID Loan Book • LTRO • RBI • Repo Rate • Reserve Bank of India (RBI) • SLTRO • Small Finance Banks
RBI measures to boost economy
The Reserve Bank of India recently launched a host of measures to protect individual borrowers and the small and medium enterprises in the country. What are the measures announced? RBI has opened on-tap liquidity window of Rs 50,000 crores at repo rate of 4%. This will boost provisions of immediate liquidity. The banks shall provide ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: liquidity • MSME • Repo Rate • Reserve Bank of India (RBI) • Reverse Repo Rate • SLRTO • Small Finance Banks
S&P cuts India’s GDP growth forecast to 9.8% for FY22
The US based rating Agency S and P recently cut the growth forecast of India to 9.8% for 2021-22. In March 2021, the agency expected 11% GDP growth in the country. According to the agency, the second wave might derail the recovery. According the S and P ratings, the fiscal position of the Government of ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Economic growth • GDP • Reserve Bank of India (RBI) • S&P ratings • Small Finance Banks
RBI Unveils Guidelines on Small Finance Banks
The Reserve Bank of India (RBI) has released ‘Guidelines for ‘on tap’ Licensing of Small Finance Banks (SFB) in the Private Sector’. With these new guidelines, RBI has introduced major changes from earlier Guidelines issued by the apex bank on 27 November 2014, for licensing of Small Finance Banks in private sector. New Guidelines on ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: co-operative Banks • Payments Banks • RBI • Reserve Bank of India • SFB Licencing • Small Finance Banks
On Tap Licence for Small Finance Banks
The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for obtaining licences for small finance banks on meeting laid-down criteria. RBI wants to cash in the potential of small finance banks in promoting banking facilities for small ..
Topics: Cash Reserve Ratio • CRR • FDI • Foreign direct investment • Local Area Banks • Micro-finance Institutions • NBFC • On Tap Licence • Priority sector lending • RBI • Reserve Bank of India • SLR • Small Finance Banks • Statutory liquidity ratio