Asian Development Bank (ADB): Driving Sustainable Development and Economic Growth in Asia
Introduction:The Asian Development Bank (ADB) stands as a pillar of economic cooperation and development in the Asia-Pacific region. Since its
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Banking
Small Finance Bank
Context: Recently, the Reserve Bank of India (RBI) has received applications from two more entities under the “on-tap” small finance bank licensing guidelines of
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Indradhanush Scheme for Banks
About Indradhanush Scheme: Mission Indradhanush for PSBs that was launched by the Government in 2015. The government, to resolve the issues faced
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Central Bank Digital Currency (CBDC)
Context: The Reserve Bank of India is likely to soon kick off pilot projects to assess the viability of using digital
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RBI barred three foreign card payment network firms
Context: Recently, the Reserve Bank of India (RBI) has barred three foreign card payment network firms – Mastercard, American Express and Diners Club —
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Pradhan Mantri Mudra Yojana (PMMY)
Context: More than 28.68 crore loans for an amount of Rs. 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs
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The Insolvency and Bankruptcy Board of India
Ministry of Corporate Affairs Context: The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 promulgated on 4th April, 2021 provides for pre-packaged
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Additional Tier-1 (AT1) Bonds
Context: The decision of the Securities and Exchange Board of India (SEBI) to slap restrictions on mutual fund (MF) investments
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Prompt Corrective Action Framework
Context: The Reserve Bank of India has taken IDBI Bank Ltd out of its prompt corrective action list after it found the
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