Page-43 of Economy & Banking Current Affairs

RBI Mandates Flexible Options for Personal Loan Borrowers

August 19, 2023

The Reserve Bank of India (RBI) has directed regulated entities, including banks and NBFCs, to provide personal loan borrowers the flexibility to switch from floating to fixed rate interest regimes at the time of interest rate resets. In a circular, ..

Month: 

Category: 

Credit Suisse and UBS Global Wealth Report

August 18, 2023

For the first time since the 2008 financial crisis, global household wealth has experienced a decline due to rising interest rates and persistent inflation. However, amidst the challenges, the situation offers a glimmer of hope. The annual Credit Suisse and ..

Month: 

Category: 

UDGAM (Unclaimed Deposits – Gateway to Access inforMation)

August 18, 2023

The Reserve Bank of India (RBI) has introduced a Centralised Web Portal named UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal, developed by the RBI, enables the public to conveniently search for unclaimed deposits across multiple banks from ..

Month: 

Category: 

SEBI Cuts IPO Listing Time to Three Days

August 10, 2023

In a landmark decision aimed at streamlining the capital market operations, the Securities and Exchange Board of India (SEBI) has ushered in a new era for public issues. Revamped Listing Time-Frame SEBI recently announced a crucial reduction in the time ..

Month: 

Category: 

SEBI’s New Online Dispute Resolution (ODR) System

August 7, 2023

The Securities and Exchange Board of India (Sebi) has been making remarkable strides in safeguarding the interests of investors. To enhance the grievance redressal process, Sebi has announced the launch of an Online Dispute Resolution (ODR) mechanism, which aims to ..

Month: 

Category: 

“Still Unprepared” Report

August 7, 2023

In 2022, India experienced extreme weather events impacting the nation on a staggering 314 out of 365 days. As climate change accelerates, the urgency to address climate risks becomes paramount, especially for major Indian banks. A recent analysis conducted by ..

Month: 

Category:  • •

“Depositor Education and Awareness” (DEA) Fund

July 25, 2023

Unclaimed deposits in the banking sector have been a persistent concern, prompting regulatory bodies to take proactive steps to protect consumer interests. The Reserve Bank of India (RBI) established the Depositor Education and Awareness (DEA) Fund Scheme in 2014 to ..

Month: 

Category: 

Current Account Deficit

June 30, 2023

The current account deficit (CAD) plays a crucial role in assessing a country’s external sector. It measures the difference between the value of a nation’s imports and exports of goods and services.   Understanding CAD  Current Account Deficit serves as ..

Month: 

Category: