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GREATER TRANSPARENCY IN INDIA’S BANKING SYSTEM Syllabus: GS 3: Banking system Issues related to Banking system Why in the News? The Reserve Bank of India (RBI) released draft amendments to Basel III Pillar 3 disclosure norms to enhance transparency, strengthen market discipline, and align Indian banking disclosures with global regulatory standards. BASEL III FRAMEWORK ● …
Read MoreFather of the Nation’s Vision and 50 Years of Regional Rural Banks “Back to the Villages” – Gandhiji’s Dream Mahatma Gandhi, the Father of the Nation, always believed that “India lives in her villages.” Rural upliftment, for him, was the soul of Swaraj. To bring his vision alive, the Government of India launched the Regional …
Read MoreWhy in the news? RBI proposes a platform for network-level intelligence and real-time data sharing to curb digital payment frauds. RBI plans to include recurring payments like Fastag and National Common Mobility Card (NCMC) in the e-mandate framework. To promote quick small-value payments through an on-device wallet, RBI proposes bringing UPI Lite under the e-mandate …
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