Entrance Exams
Govt. Exams
Basel III is an international regulatory framework that aims to strengthen bank capital adequacy, stress testing, and market liquidity risk. It was developed post-2008 financial crisis to prevent systemic risks.
The Reserve Bank of India (RBI) is responsible for regulating and supervising NBFCs. SEBI oversees capital markets, IRDA handles insurance, and PFRDA manages pension funds.
The reverse repo rate is the interest rate at which RBI borrows from banks to absorb excess liquidity from the financial system.
RBI's e-Rupee (Digital Rupee) project explores Central Bank Digital Currency (CBDC) for domestic and cross-border transactions.
ISIN (International Securities Identification Number) uniquely identifies individual securities across global markets.
Basel III framework mandates minimum Tier 1 capital ratio of 8.5% for banks' regulatory compliance.
The Integrated Ombudsman Scheme 2021 provides a mechanism for customers to file complaints and seek redressal against banking services.
India undertook significant bank consolidation in 2019: Dena and Vijaya banks merged into BoB; PNB merged with OBC and UBI.
CIBIL (Credit Information Bureau India Limited) score measures individual and corporate creditworthiness based on credit history.
The CRR is maintained at 4.5% of banks' Net Demand and Time Liabilities (NDTL) as per recent RBI policy guidelines.