UPSC Preparation Strategy

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. 

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

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 Framework Agreement (MPFA) signed between the Reserve Bank of India (RBI) and the Government of India in 2015

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.