Upcoming Legislative Changes in India

Union Finance Minister Nirmala Sitharaman will introduce the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha, targets key banking laws. It includes amendments to the Reserve Bank of India Act and the Banking Regulation Act. The discussion and potential ..

Month: Current Affairs - December, 2024

Category: Legal & Constitution Current Affairs

State Bank of India is seeking a $1.25 Billion Loan: India’s Largest Bank Loan of 2024

State Bank of India (SBI) plans to borrow up to $1.25 billion, making it the biggest dollar loan from India’s financial sector in 2024. The loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank. It ..

Month: Current Affairs - November, 2024

Category: Economy & Banking Current Affairs

SBI, HDFC Bank, ICICI Bank: RBI’s 2024 List of Domestic Systemically Important Banks (D-SIBs)

Recently, the Reserve Bank of India (RBI) has reaffirmed the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This classification remains unchanged from the previous year. The RBI continues to ..

Month: Current Affairs - November, 2024

Category: Economy & Banking Current Affairs

Transforming Banking Services in India

Banking plays important role in economic development and financial inclusion. It provides essential services to individuals and businesses, facilitating growth and stability. Historical Context Pre-Independence Banking Landscape Before independence, banking services were limited. They primarily catered to the elite. The ..