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In its recent “Report on Trend and Progress of Banking in India”, RBI observed that SFBs play critical role in delivering credit to under-banked segments. Many SFBs have low CASA deposits. They have a greater reliance on bulk term deposits. Topic: Appointments 9. Arvind Panagariya has be...
protects interest rates, and provides positive banking alternatives to the public. Finally, the RBI acts as the issuer of national currency. For India, this means that currency is either issued or destroyed depending on its fit for current ...
The IAC, in the meeting, agreed to focus on large stressed accounts at this stage and accordingly took up for consideration the accounts which were classified partly or wholly as non-performing from amongst the top 500 exposures in the banking system. 3.The IAC a...
risk management framework, the bank’s Core Banking System (CBS) and its online and digital banking channels have suffered frequent and significant outages in the past two years. More recently, the bank also underwent such disruption on April 15, 2024, resulting in serious customer inconveniences....
The Reserve Bank of India performs a number of functions, including monitoring various policies that are prepared for banks and controlling credit by analysing the economic environment and changing them to have a good handle on financial stability. These activities are beneficial for the banking sector...
Guidelines on Information Security, Electronic Banking, Technology Risk Management, and Cyber Frauds(RBI). Financial institutions must report outsourcing arrangements where the scale and nature of the activities are significant or require ext...
Governor Shaktikanta Das received the award for A+ grade in the Central Bank Report Card 2024. The award was presented on 26 October at an event organised by Global Finance in Washington DC, USA. Das has been ranked at the top of the list of three central bank governors who have been ...
“Overall, there has been a transformation in the banking and financial landscape in the last decade driven by technological innovations, changing consumer preferences and emergence of alternative business models,” Das stated. “While these have fostered competition and collaboration, they also have...
On October 10, 2024, RBI updated the Master Direction – Non-Banking Financial Company – Housing Finance (‘HFC Directions’) applicable to HFCs. The HFC Directions were updated to consolidate various circulars that have been issued since its last update on March 21, 2024. A significant change...