Govt. Exams
Entrance Exams
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides deposit insurance coverage of up to ₹5 lakh per depositor per bank, increased from ₹1 lakh in 2020.
RBI replaced the Base Rate system with MCLR in 2016 to make lending rates more transparent and responsive to policy changes.
As per RBI's 2024 KYC guidelines, high-risk customers require re-KYC verification every 2 years.
IBBI, established under the Insolvency and Bankruptcy Code 2016, regulates insolvency professionals and the resolution process.
PMJDY accounts are eligible for an overdraft facility up to ₹10,000 after maintaining the account properly.
The Digital Payment Index measures and monitors the progress of digital payments in the country across various segments.
Housing Finance Companies are regulated NBFIs that provide financing for housing but are not classified as banks.
As of 2024, the SLR is set at 19.5% of Net Demand and Time Liabilities (NDTL).
The Urjit Patel Committee (2014) reviewed the monetary policy framework and recommended an inflation-targeting approach.
The Payment and Settlement Systems Act, 2007 provides the legal framework for regulating payment systems in India.
