Banking

Insolvency and Bankruptcy Code 2016 (IBC), Law that takes over businesses and assets from defaulters and empowers lenders to change the management, upheld by Supreme Court on Friday 25 January 2019, is an exciting victory for credit markets…
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First-ever three way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda, wherein the amalgamated bank will be better equipped in the changing environment to meet the credit needs of a growing economy, absorb…
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Government on Monday 31 December 2018 infused ₹10882 crore Capital in four PSBs of which Bank of Maharashtra got ₹4498 crore, Central Bank of India ₹1678 crore, Syndicate Bank ₹1632 crore UCO Bank ₹3074 crore. Prior to this the government…
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Interim Budget 2019-20, viewed as a medium for a progressive path for the country, with major schemes for farmers and informal sector workers, and income tax sops, was presented by Piyush Goyal Union Minister for Finance, Corporate Affairs,…
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Prompt Corrective Action (PCA) is triggered when banks breach certain regulatory requirements like capital, asset quality (tracked in terms of the net Non-Performing Assets ratio) and profitability, and Reserve Bank of India (RBI) has on…
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India Postal Payments Bank (IPPB), a major initiative towards financial inclusion, a big outreach to provide ‘door-step banking’ to the poor through an unmatched network of over 1.5 lakh post offices and almost 3 lakh postmen and ‘Grameen…
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Rajiv Gandhi National Sadbhavana Award, instituted to commemorate the lasting contribution made by late Rajiv Gandhi former Indian Prime Minister to promote peace, communal harmony and fight against violence and carries a citation and cash…
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To strengthen education system 33 new initiatives have been taken and overall funding for education has increased from ₹ 67867 crore in 2013-14 to ₹ 110000 crore in 2018-19 by the Government, as stated by Union Human Resources Development…
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Sonam Wangchuk Ladakhi engineer and innovator from India Is one amongst six individuals who will receive Asia’s premier prize, the Ramon Magsaysay Award 2018 in the 60th year of an annual tradition, the Board of Trustees of the Ramon…
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"Mobilizing Finance for Infrastructure: Innovation and Collaboration" was the theme of 3rd annual meeting of Asian Infrastructure Investment Bank, inaugurated by India’s Prime Minister Narendra Modi in Mumbai, Maharashtra and attended by…
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