Govt. Exams
Entrance Exams
The Basel Committee on Banking Supervision sets international standards for bank regulation and capital adequacy through Basel I, II, and III frameworks.
IBC, 2016 provides a time-bound resolution process for insolvent debtors and companies, aimed at maximizing asset value and protecting creditor interests.
The Kelkar Committee (2003) recommended the implementation of GST in India, which was later formally implemented on July 1, 2017.
DICGC covers deposits up to Rs. 5 lakh per depositor per bank as per the latest amendment effective from 2024, increased from the previous Rs. 1 lakh.
Goldman Sachs is an investment bank, not a credit rating agency. CRISIL, ICRA, Care Ratings, and Brickwork Ratings are recognized credit rating agencies by SEBI.
RBI mandates a minimum CRAR of 10.5% for scheduled commercial banks under Basel III framework, which includes capital buffers and conservation requirements.
Bajaj Finance Limited is an NBFC that provides financial services like loans and deposits but doesn't have a banking license like commercial banks.
SEBI (Securities and Exchange Board of India) regulates and develops the securities market, protecting investor interests and ensuring fair market practices.
A higher NPA ratio indicates that a larger portion of the bank's loans are in default or arrears, reflecting deteriorating asset quality and credit risk.
Capital Adequacy Ratio (CAR) is a regulatory requirement ensuring banks maintain sufficient capital to absorb potential losses from their risk-weighted assets.
