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RBI ISSUES DRAFT REVISED GUIDELINES FOR LEAD BANK SCHEME Why in the News? Draft Circular: Reserve Bank of India (RBI) released draft revised guidelines for the Lead Bank Scheme (LBS) seeking public comments. Institutional Reform: The revision aims to strengthen coordination mechanisms under the State Level Bankers’ Committee (SLBC) OBJECTIVES OF REVISED LEAD BANK SCHEME …
Read MoreSupreme Court Flags Flaws in SARFAESI Debt Law Why in the News? The Supreme Court has urged the Finance Ministry to review and amend the SARFAESI Act, highlighting anomalies in Section 13(8) and related rules that have triggered prolonged disputes, delayed recoveries, and clogged debt recovery tribunals across the country. This call for legislative reform …
Read MoreRelevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? As RBI celebrates its 90th year, we acknowledge its significant role in central banking. The Reserve Bank of India was founded on April 1, 1935, as per the stipulations of the Reserve Bank …
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