The SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act, 2002, was designed to tackle the issue of NPAs (Non-Performing Assets) or bad assets.
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Economy Notes
Financial Stability and Development Council (FSDC) – UPSC Economy Notes
by Edukemy Team
The Financial Stability and Development Council (FSDC) was established in 2010 to address the need for coordinated efforts among various financial regulators in India.
The Reserve Bank of India (RBI) stands as the apex monetary authority in the Indian financial system, wielding significant influence over the nation’s economic policies and regulations
Economy Notes
Bimal Jalan Committee on Economic Capital Framework – UPSC Economy Notes
by Edukemy Team
The Bimal Jalan Committee on Economic Capital Framework emerged as a crucial endeavor within India’s financial landscape,
The Reserve Bank of India (RBI) is the central bank of India, playing a crucial role in the country’s financial and monetary system.
In 2019, the Reserve Bank of India (RBI) and several banks took steps to link deposit and lending rates to the Repo rate, a move aimed at enhancing the effectiveness of monetary policy transmission.
Monetary policy transmission refers to the process through which changes in monetary policy instruments, such as interest rates and reserve ratios
The Monetary Policy Committee (MPC) plays a critical role in shaping India’s monetary policy. Established in 2016 through an amendment to the Reserve Bank of India
The Indian Financial Code (IFC) represents a significant milestone in the regulatory landscape of India’s financial sector.
Demonetization is a government-led action that strips a currency unit of its status as legal tender. One of the significant instances of demonetization