V1C8: FINANCIAL FRAGILITY IN THE NBFC SECTOR
NBFC: Financial institutions that offer various banking services but do not have a banking license. They are primarily responsible for making investments but do not have the authority to accept deposits. NBFCs cannot form part of the payment and settlement system. This means that cannot issue cheques drawn on itself. The deposit insurance facility of […]
April 3rd Current Affairs Quiz
April 3rd Static Quiz on Indian History
V1C7: GOLDEN JUBILEE OF BANK NATIONALISATION TAKING STOCK
2019 — 50th anniversary of bank nationalization. Since 1969, India has grown significantly to become the 5th largest economy in the world. Yet, India’s banking sector is disproportionately under-developed given the size of its economy. For instance, India has only one bank in the global top 100 – same as countries that are a fraction […]
Current Affairs for UPSC IAS Exam – 3 April 2020
Contents: PM asks States to suggest plan for staggered end to lockdown Virus cases double in India in five days, Geofencing app to help Quarantine Karnataka moves SC against Kerala HC order to lift border curbs Doctors wary of BCG vaccine study Tablighi Jamaat Explained: on a mission to ‘purify’ Islam DRDO develops bio suit, […]