october1 Flashcards
RBI issues guidelines for voluntary conversion of small finance banks into
Universal banks
which guidelines paves for the transition of small finance banks into universal banks
On tap licensing of small finance banking in private sector dated december 5 2019
what is the minimum requirements for this transition
the SFB must have a minimum networth of 1000crores and need to have as scheduled status with a sastisfactory perfomance for the period of 5 years
what is the only SFB not qualified for this transition
North east small finance bank
what is the GNPA AND NNPA
Gross non performing assets and net non performing assets . GNPA is the total amount of loan non performing before calculating the taxes. NNPA is the official loss of the bank
what is the GNPA and NNPA required for the transition of small finance banks to universal banks
less than 3% and 1%
RBI issued this order through
Section 22 of the banking regulation act 1949
what is the prominent small finance bank transition to universal bank
AU bank
when was the RBI was established
01 april 1935
where is the headquarters of the RBI is located
Mumbai , Maharashtra
who is governor of RBI
Shakthikantha das
which bank collaborates with RBI to enable faster processing of agricultural loans
NABARD(national bank for agriculture and rural development)
NABARD bank collaborates with RBI to enable faster processing of agricultural loans reduced the timing from
3 to 4 weeks to 5 mins
NABARD will intergrate its e-KYC loan origination system portal with the
Public tech platform to frictionless credit
(PTPFC) of reserve bank innovation hub
public tech platform for frictionless credit was launched(PTPFC)
2023 by reserve bank innovation hub (RBIH)
NABARD headquarted at
Mumbai
who is the chairman of NABARD
K V Shaji
who is the regulatory body for Regional rural banks and cooperative banks
national bank for agriculture and rural development