Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks & NBFCs

RBI has reviewed and revised the existing framework for SCB’s and also issued fresh PCA Framework for NBFC’s. The new PCA norms for SCB’s shall be effective January 1st, 2022 & for NBFC’s the PCA norms will be effective wef October 1, 2022.

Credit flow to Micro, Small and Medium Enterprises Sector

RBI issued instructions to all the Financial Institutions including Banks, Cooperative Banks, NBFC’s and other FI’s to initiate necessary action for reclassification of enterprises as per the new definition w.e.f July 1, 2020 and issue necessary instructions to your branches/controlling offices in this regard,

IBPS RRB Recruitment 2020

IBPS has issued notification for CRP RRB IX examination for all the posts ranging from Office Assistant (Multipurpose) & Officers in all scales fro Scale I to Scale III.

RBI Governor meets MD & CEOs of Public and Private Sector Banks & Representatives of NBFCs and Mutual Funds over Video Conference

RBI Governor meets MD & CEOs of Public and Private Sector Banks, NBFCs & Mutual Funds to review theCurrent Economic condition, over Video Conference. Credit flows to different sectors of the economy, including liquidity to Non-Banking Financial Companies, Micro Finance Institutions, Housing Finance Companies, Mutual Funds, etc.;Post lockdown strategies for supply of credit, including working capital, to MSMEs, traders and bottom of pyramid customers in semi-urban, rural and urban areas; Impact of measures taken by the Reserve Bank with regard to the provision of liquidity etc.

Seventh Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

A day after Modi govt began its economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19.
These measures come just hours after Moody’s Investors Service cut India’s growth forecasts for 2020 calendar year to 2.5% from 5.3%. The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent. The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

Guidelines on Merchant Acquiring Business – Regional Rural Banks

RBI allows RRBs to act as merchant acquiring banks using Aadhaar Pay – BHIM app and POS terminals.

Statement on Developmental and Regulatory Policies

Statement on Developmental and Regulatory Policies sets out various developmental and regulatory policy measures for improving credit flows to certain sectors; reinforcing monetary transmission; strengthening regulation and supervision; broadening and deepening financial markets; and improving payment and settlement systems.

IBPS RRB PO 2019 – Readiness for Interview

Tips and Topics for theIBPS RRB PO 2019 interview. Every Candidate will be judged on the following aspects:
A. Subjective Awareness
B. General Awareness
C. Banking Awareness
D. Communication
E. Confidence
F. Situation Handling

Consolidation of regional rural banks on government agenda

India is eyeing a mega revamp of its regional rural banks (RRBs) and the plan includes consolidation of these lenders for better operational efficiencies in line with the government’s big rural focus. The plan that the finance ministry is drawing up also envisages RRBs adopting differentiated banking strategies, such as targeting specific sectors, for a…