Source: Business Standard and Livemint Contents1 What is the News?2 About the Expert Committee on UCBs:3 Key Recommendations of the Committee:4 Umbrella Organisation: 5 Compulsory Amalgamation:6 Supervisory Action Framework(SAF):7 Use of Cloud Services: What is the News? The Reserve Bank of India(RBI) has released the report of the Expert Committee on Primary Urban Co-operative Banks(UCBs). About… Continue reading RBI panel suggests umbrella body for helping smaller UCBs scale up
Tag: money and banking
Reserves: The RARE model in India
Source: Business Standard Relevance: Foreign Exchange reserves in India and issues related to it Synopsis: India should do away with the prevailing RARE model of reserves in a phased manner. Contents1 Context2 RARE model3 Reasons behind huge forex reserve by RBI4 Why India needs to relook RARE model?5 Measures Context The foreign exchange reserves in India are… Continue reading Reserves: The RARE model in India
The silent rise of Small Finance Banks (SFBs)
Source: Live Mint Relevance: Financial inclusion and measures taken by RBI Synopsis: Challenges faced by SFBs and Criticism against them Contents1 Background2 Evolution of Small Finance banks3 Idea behind SFBs4 Criticism of SFBs5 Challenges faced by SFBs Background SFBs have grown rapidly since RBI first carved out this category half a decade ago in Indian… Continue reading The silent rise of Small Finance Banks (SFBs)
New licensing regime for UCBs in the pipeline
Source: Business Standard What is the news? A brand-new licensing regime for urban co-operative banks (UCBs) is on the cards for financially sound and well-managed co-operative credit societies. This comes 17 years after the Reserve Bank of India (RBI) stopped issuing them. Expected Reforms in UCBs Constituting a board of management (BoM) for UCBs with… Continue reading New licensing regime for UCBs in the pipeline
Everything you want to know about CBDC
Source: Business Standard Relevance: CBDC, its potential impact, relevant suggestions Synopsis: The central bank digital currency will neither substitute nor compete with cryptocurrency; it’s just a wallet. An analysis of its inherent problems and a way forward. Contents1 Background2 About CBDC3 CBDC in India4 Impact of CBDC5 Concerns/Issues 6 Suggestions Background The RBI has been working… Continue reading Everything you want to know about CBDC
Avoid arbitrary regulation
Source : Business Standard Relevance : Issues with the latest decision of RBI on deferment of the guidelines Synopsis : The deferment of RBI’s guidelines on Overdrafts and current accounts, which were laid down in August last year, has been criticized as an arbitrary regulation. The deadline for implementation of the circular has been pushed… Continue reading Avoid arbitrary regulation
A rupee wish for India@100
Source: Indian Express Relevance: An ambitious goal for India’s 100th year of Independence in 2047. Synopsis: Prosperity is possible and best accomplished by the goal of making the rupee a global reserve currency by 2047. Conditions are opportune. An analysis. Contents1 Characteristics of Reserve currency2 Current situation3 Positive Global environment4 What needs to be done?5… Continue reading A rupee wish for India@100
