Financial Sector Current Affairs - 2019

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19th meeting of FSDC held in New Delhi

The 19th meeting of Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of Union Finance Minister Arun Jaitley. The meeting was attended by RBI Governor Dr. Urjit R. Patel, SEBI chairman, IRDAI Chairman along with heads and other senior officers of Government and financial sector regulators. Key Highlights of Read More…

Month:  Categories: Business, Economy & Banking

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IMF and WB jointly release Financial System Stability Assessment report

The International Monetary Fund (IMF) and World Bank (WB) has released the Financial System Stability Assessment (FSSA) and Financial Sector Assessment (FSA) respectively. It was second comprehensive Financial Sector Assessment Program (FSAP) of Indian financial system undertaken by the joint IMF-World Bank team conforming to the highest international standards. Financial System Stability Assessment (FSSA) ‎FSAP Read More…

Month:  Categories: Reports & Indices

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17th meeting of FSDC held in New Delhi

The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of the Union Minister of Finance Arun Jaitley. The meeting was attended by RBI Governor Dr. Urjit R. Patel, SEBI chairman, IRDAI Chairman along with heads and other senior officers of the Government and financial sector Read More…

Month:  Categories: Events & Observances

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Government proposes setting up Financial Data Management Centre

The Union Government has proposed setting up Financial Data Management Centre (FDMC) based on recommendation of a committee set up under the Department of Economic Affairs (DEC). The Committee was headed by Ajay Tyagi, Additional Secretary in Union Finance Ministry and has submitted its report and a draft bill titled The Financial Data Management Centre Read More…

Month:  Categories: Business, Economy & Banking

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Four PSBs may struggle to pay AT1 bond coupons

Four public sector banks (PSBs) may struggle to make coupon payments on their additional tier 1 (AT1) bond as they have reported heavy losses due to a surge in bad loans. In this case coupon payment is an annual interest paid on the face value of a bond. It is expressed as a percentage. AT1 Read More…

Month:  Categories: Business, Economy & Banking

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SBI inks MoU with IIT Bombay to promote startups in financial sector

The State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay to promote innovation by start-ups in the financial sector. The SINE is IIT Bombay’s technology business incubator to promote innovation by startups in the financial sector. Under this agreement SBI andboth Read More…

Month:  Categories: Business, Economy & Banking

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