Page 1 - Mega Digi Page: General Awareness - Jan 2016
P. 1
www.bankersguru.org
(General Awareness)
Highlights of 2015
(Banking and Financial Sector Reforms)
(The hindu)
JANUARY
The Finance Ministry organised Gyan-Sangam, a First of its kind to revamp banking
sector.
RBI cuts Repo Rate by 25 Basis Points, the First since May 2013.
February
Finance Ministry carried out various reforms which were later rolled back.
(Indian Financial Code)
RBI cuts Repo Rate again by 25 basis points. (7.5%)
MARCH
RBI and Government enter into a Historic agreement to target Inflation and keep it
below 6 %.
APRIL
SBI, HDFC Bank start reducing Base rates due to Low inflation rates and Repo Rate cut.
JUNE
RBI cuts Repo Rate again by 25 Basis Points. (7.25%)
RBI introduces Strategic Debt Restructuring (SDR) to allow banks to take over defaulted
firms.
AUGUST
Government announces a 7-Point Agenda ‘’INDRADHANUSH’’
Bandhan Bank starts Operations.
RBI issues Licenses to 11 entities for Payment Banks.
SEPTEMBER
RBI issues Licenses to 10 entities for Small Finance Banks.
RBI cuts Repo Rate by 50 Basis Points. ( 6.75 % )
OCTOBER
Home, Auto Loans rates fall sharply
November
Government releases Draft on ‘’Bankruptcy Code’’
DECEMBER
U.S. Federal Reserve hike Interest rates First time in 9 years.
RBI issues guidelines on calculating Lending rates and replaces Base Rates by MCLR.
Date of Release - 04-Jan-16 SUBJECT: GA www.bankersguru.org
(General Awareness)
Highlights of 2015
(Banking and Financial Sector Reforms)
(The hindu)
JANUARY
The Finance Ministry organised Gyan-Sangam, a First of its kind to revamp banking
sector.
RBI cuts Repo Rate by 25 Basis Points, the First since May 2013.
February
Finance Ministry carried out various reforms which were later rolled back.
(Indian Financial Code)
RBI cuts Repo Rate again by 25 basis points. (7.5%)
MARCH
RBI and Government enter into a Historic agreement to target Inflation and keep it
below 6 %.
APRIL
SBI, HDFC Bank start reducing Base rates due to Low inflation rates and Repo Rate cut.
JUNE
RBI cuts Repo Rate again by 25 Basis Points. (7.25%)
RBI introduces Strategic Debt Restructuring (SDR) to allow banks to take over defaulted
firms.
AUGUST
Government announces a 7-Point Agenda ‘’INDRADHANUSH’’
Bandhan Bank starts Operations.
RBI issues Licenses to 11 entities for Payment Banks.
SEPTEMBER
RBI issues Licenses to 10 entities for Small Finance Banks.
RBI cuts Repo Rate by 50 Basis Points. ( 6.75 % )
OCTOBER
Home, Auto Loans rates fall sharply
November
Government releases Draft on ‘’Bankruptcy Code’’
DECEMBER
U.S. Federal Reserve hike Interest rates First time in 9 years.
RBI issues guidelines on calculating Lending rates and replaces Base Rates by MCLR.
Date of Release - 04-Jan-16 SUBJECT: GA www.bankersguru.org
