India’s banking messaging system can go global Subject :Economy Section: Monetary Policy In News: India’s Structured Financial Messaging System (SFMS) can become a viable alternative to the SWIFT messaging system. Key Points: India has two parallel offerings to the world in the area of banking. RBI has been proactively trying to internationalise the […]

    SEBI may extend the scope of surveillance under its ASM framework Subject :Economy Section: Capital Market In News: SEBI may bring the equity derivatives segment under long-term additional surveillance measures (ASM). Key Points: SEBI has already mandated stockbrokers to display ‘risk disclosures’ for F&O clients. SEBI is now planning to put the equity […]

    Direct listing on exchanges at IFSC soon Subject: Economy Section: Capital Market  In News: Government takes decision to enable the direct listing of listed and unlisted companies on overseas exchanges at the IFSC (International Financial Services Centre). Key Points: With this direct listing of securities by Indian public companies (both listed and unlisted) […]

    New Standing Committee on Statistics holds its first meet Subject: Economy Section: National Income In News: Newly-formed Standing Committee on Statistics discusses the yet-to-be released results of the Annual Survey of Industries and Annual Survey of Unincorporated Enterprises in detail. Key Points: Government recently renamed and expanded the scope of coverage of the […]

    Banks start making provisions ahead of RBI’s ECL norms Subject : Economy Section: Monetary Policy In News:  Banks begin to build up provisions even before migration to expected credit loss (ECL) based provisioning by RBI. Key Points: Reserve Bank of India (RBI) yet to announce the final guidelines on the new expected credit […]

    Banknote with a star symbol is valid: RBI Subject :Economy Section: Monetary Policy In News: RBI clarifies that the star (*) symbol present on the number panel of a banknote is an identifier that it is a replaced or reprinted banknote. Key Points: A star symbol is added between the prefix and the […]

    Govt clears CDMDF guarantee scheme for corporate debt, Sebi issues guidelines Subject :Economy Section: Capital Market In News: The Union government has approved a scheme providing complete guarantee cover for debt raised by the Corporate Debt Market Development Fund (CDMDF), a backstop facility for investment-grade corporate debt that launches today. Key Points: Sebi […]

    Economic census: Parliamentary panel questions ministry over delay in results Subject: Economy Section: National Income In News: Parliamentary panel questions the Ministry of Statistics and Programme Implementation (MoSPI) over the delay in the release of the  7th economic census results. Key Points: The seventh economic census was launched in 2019 and completed in […]

    Small Finance Banks and Payment Banks Subject :Economy Section: Monetary Policy Small Finance Banks are the financial institutions which provide financial services to the unserved and unbanked region of the country. They are registered as a public limited company under the Companies Act, 2013. Small Finance Banks are governed by the provisions of the: Banking Regulation […]