Financial Awareness for RBI Grade B-14 July 2017
Order to banks to speed up loan recovery within our powers: RBI (Source: MINT)
- The Reserve Bank of India (RBI) said its 13 June directive to banks to speed up their bad-loan recovery was well within its powers, and that its classification of sticky assets could not be challenged.
- RBI directed banks to refer a dozen defaulters including Essar Steel to the National Company Law Tribunal (NCLT) for speedy resolution under the Insolvency and Bankruptcy Code (IBC). The debtors made up a quarter of the Rs 10 trillion of stressed assets clogging up the Indian banking system.
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1 G-20 Summit 2017 held in which country? Hamburg, Germany
2 The currency of Kenya? Shilling
3 Berlin is the capital of which Country? Germany
4 BSBDA stands for? Basic Savings Bank Deposit Account
5 Irani Cup is related to which sport? Cricket
6 Who won the title of Sudiraman Cup 2017? South Korea
7 What is the amount Limit in BSBDA per month? 10000
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