Banking and Financial Inclusion

What is PSL? Banks were assigned a special role in the economic development of the country, besides ensuring the growth […]

Why restriction on New Banks has been bad? Monopoly of Some banks: Public sector banks still have 70% of the

How Liberalisation is responsible for current Banking Crisis in India? It increased competition among banks which made them give our

Facts: National Sample Survey (NSS) data shows that over 80% of India’s population is not covered under any health insurance

Background The RBI had embarked on the Asset Quality Review (AQR) exercise from December 2015 and had set a deadline

Sovereign Gold Bond scheme: aimed at customers looking to buy gold as an investment. Customers can buy gold bonds which

Facts: 21 crore account opened under JDY so far Around 94.4% households had saving bank accounts in 2015-16 : Labour

Decision to merge Financial Inclusion fund and Financial Inclusion Technology fund into a single Financial Inclusion fund. Overall corpus 2000

Facts: The Union Government has saved around Rs 57,000 crore in 2016-17 through Direct Benefit Transfer (DBT) scheme under which

CIBIL collects and maintains records of an individual’s payments pertaining to loans and credit cards. These records are submitted to