Economy NOtes

The Banks Board Bureau (BBB) is a crucial institution established by the Government of India in 2016 to reform and revamp the functioning of public sector banks

It is an entity established within the Department of Financial Services by the government. It superseded the Bank Board’s Bureau (BBB), which was deemed ineffective.

Bank consolidation refers to the process of combining two or more banks or financial institutions into a single entity. This strategic move

The concept of a “bad bank” or a dedicated institution like the Public Sector Asset Rehabilitation Agency (PARA) has been proposed to address the issue of non-performing assets

The Twin Balance Sheet (TBS) challenge in India refers to a situation where both companies and banks are burdened with financial distress

The Insolvency and Bankruptcy Code (IBC) of 2016 stands as a landmark legislation in India’s economic landscape, revolutionizing the insolvency and bankruptcy

The Bank for International Settlements (BIS) stands as a cornerstone of the global financial system, serving as a hub for central banks and financial authorities worldwide.

Public Sector Banks (PSBs) in India have faced the need for recapitalization due to the impact of increasing Non-Performing Assets (NPAs) and the requirement to conform to Capital Adequacy Ratio (CAR) norms.

This essay delves into the significance of the Basel Norms in upholding the safety of banks and ensuring the integrity of the global financial system.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, enacted in 2002, stands as a cornerstone of India’s financial legislation