Category: Factly – Indian Economy

Source- This post is based on the article “Planning to invest in green deposits? RBI releases latest guidelines to explain key provisions” published in “Live mint” on 1st January 2024. Why in the News? Recently, the RBI released updated guidelines to clarify key provisions related to the RBI’s Green Deposits Framework. What are Green Deposits?… Continue reading RBI clarifies Framework for acceptance of Green Deposits

Source- This post is based on the article “NHAI signs MoU with NRSC for Development and Reporting of “Green Cover Index” for National Highways of India” published in “PIB” on 3rd January 2024. Why in the News? NHAI has signed a three-year MoU with the National Remote Sensing Centre to develop and report a “Green… Continue reading Green Cover Index – NHAI signs MoU with NRSC

Source– This post is based on the article “Inoperative & unclaimed accounts: How will the RBI’s revised guidelines benefit customers?” published in “The Indian Express” on 3rd January 2024. Why in the News? The Reserve Bank of India (RBI) has revised guidelines for classifying accounts and deposits as inoperative accounts and unclaimed deposits by banks.… Continue reading RBI’s Revised Guidelines for Customers with Inoperative and Unclaimed Accounts

Sources: This post is based on the article “RBI releases Domestic Systemically Important Banks (D-SIBs) of 2021” published in “Live Mint” on 2nd Jan 2024. Why in news? Recently, the Reserve Bank of India (RBI) issued the list of Domestic Systemically Important Banks (D-SIBs). Which banks are on the list of Domestic Systemically Important Banks… Continue reading Domestic Systemically Important Banks (D-SIBs) for 2023

Source- This post is based on the article “Asset quality of Indian banks improves to decadal high: RBI” published in “The Hindu” on 27th December 2023. Why in the News? As per the Reserve Bank of India’s (RBI) ‘Trend and Progress of Banking in India’ report, the Gross Non-Performing Assets (GNPA) ratio of Indian scheduled… Continue reading RBI Reports Decadal High in Asset Quality for Indian Banks

Source– This post is based on the article “T+0, instant settlement cycle: What is the new SEBI proposal and its potential benefits for investors?” published in “The Indian Express” on 26th December 2023. Why in the News? The Securities and Exchange Board of India (SEBI) has proposed to introduce the T+0 settlement cycle on an… Continue reading T+0 Settlement Cycle: SEBI Proposes Instant Settlement Cycle