Banking sectors plays a pivotal role in the management of the economy of a country. It is the key driver of economic growth of the country and has a dynamic role to play in converting the idle capital resources for their optimum utilization so as to attain maximum productivity. In fact, the foundation of a […]

Agriculture in India is wholly dependent on nature. Crop insurance scheme has been implemented to protect the farmers from perils of nature. The Central Govt. has announced a new format of Crop Insurance in name of “Pradhan Mantri Fasal Bima Yojana (PMFBY)”, to be implemented from 1st April’ 2016. PMFBY was launched with aim to […]

To provide customers safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves, RBI introduces a mechanism of Positive Pay for all cheques of value ₹50,000 and above. RBI Governor Shakti Kanta Das has announced of the same on 6 August 2020. The Reserve Bank of India (RBI) […]

In line with the international practices and as per the recommendations made by the Committee on the Financial System (Chairman Shri M. Narasimham), the Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and provisioning for the advances portfolio of the banks so as to move towards […]

The issue of Non-Performing Assets (NPAs) in the Indian banking sector has become the subject of much discussion and scrutiny. When the borrower stops paying interest or principal on a loan, the lender institutions will lose money. Such a loan is known as Non-Performing Asset (NPA). Indian Banking industry is seriously affected by Non-Performing Assets. […]

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it. The RBI has been initiating every effort to ensure that wilful default should not adversely affect the health of the banking system. The Reserve Bank of India (RBI) is in the process of […]