[Economy] New Bank Licences: Bandhan, IDFC, Bharatiya Mahila Bank; Differential Bank licences, Bimal Jalan Committee, Narsimhan Committee; arguments favor against, Bank nationalization, Historic evolution of Banking sector in India

In Economy by Support Staff

Prologue Banking sector in British India Birth of RBI Banking sector Post Independence Narsimhan Committee I (1991) Bank licences: 1st Round (1993) Narsimhan Committee II (1998) New Bank licences 2nd round (2001) New Bank licences 3rd Round (2013-14) Bandhan Microfinance and IDFC In principle approval What is Differential licenses? New Private banks: Pro and Against arguments Bharatiya Mahila Bank (2013) …

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[Economy] Urjit Patel Committee: Fixing Accountability in RBI, Monetary Policy Committee, Decision by Majority, Fiscal Deficit (Part 2 of 2)

In Economy by Support Staff

Prologue #2: @RBI fix accountability in monetary policy making Monetary Policy Committee MPC Decision by Majority MPC: Accountability for #EPICFails MPC: Summary #3: @Government give Cover fire to RBI #: MNREGA: #: MSP #: Fiscal Deficit #: Loan Waiver Urjit Patel: Misc recommendations Mock Questions Prologue RBI had formed a Committee under Dy. Governor Urjit Patel to strengthen monetary policy …

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[Economy] RBI Urjit Patel Committee: 4% CPI, Nominal Anchor, Multiple Indicator, Monetary Policy Framework Reforms (Part 1 of 2)

In Economy by Support Staff

Prologue Monetary Policy reform: Where to focus? #1: Focus on Exchange rate #2: Focus on Multiple indicators #3: focus on inflation Nominal anchor (CPI) method: Benefits/Advantages of Nominal anchor (CPI) method: Drawbacks/Limitations/Anti-arguments Why Target inflation? Nominal vs Real interest rate Nominal Anchor (CPI): the 4% Target Nominal Anchor CPI 4%: WHEN to reach? Nominal Anchor CPI 4%: How to reach? …

[Banking] Bancassurance: Compulsory Broker Model, IRDA vs Banks, issue, benefits, challanges, insurance penetration, Financial inclusion & Nachiket Committee

In Economy by Mrunal

Prologue Bancassurance #1: Referral Model #2: Corporate Agent model #3: Broker Model Benefits of Broker model? Anti-Arguments: Broker Model Nachiket on Insurance Cross KYC Reforms in NBFC bancassurance models Allow NBFCs to take deposits NBFCs as mutual funds agents Banks as Mutual fund agents Guidelines for “Agents” Mock Questions Prologue As such Bancassurance=important for IBPS but not so much for …

[Answerkey] CSAT 2013 GS: Economy: Questions solved with explanation, reference, all four sets (A,B,C,D)

In answerkey by Support Staff

Prologue Banking Related Foreign Trade Related Inflation GDP and allied topics Prologue Out of 100 GS questions in UPSC CSAT 2013, there were 18 questions from Economy. All questions from Static portion, Not even one Economy related question from current affairs. But don’t think that your majoori (labour) has gone in vain. Whatever you prepared for Economy current affairs –that …

[Economy] Liquidity Adjustment facility (LAF), Marginal Standing facility (MSF), Repo, reverse repo, SLR, CRR, NEFT, RTGS, NDTL: meaning explained

In Z-Miscellaneous by Mrunal

Liquidity? What is Cash reserve ratio (CRR)? WHY CRR: Cash reserve ratio? WHY SLR: Statutory liquidity ratio? Bank Runs: SLR+CRR WHY Priority Sector lending? What is NDTL? Reverse repo rate? What is repo rate? Repo rate vs Bank rate? What is LAF? What is RGTS? What is Marginal Standing facility (MSF)? Difference between LAF and MSF Food for thought Open …

[Economy] Banking Amendment Bill: Issues, Features, Problems, Reforms meaning explained

In Z-Miscellaneous by Support Staff

What is Banking Regulation Act? RBI Power #1: Can remove entire Board of a Bank RBI Power #2: Connected Lending Prevention RBI Power #3: Unclaimed Accounts Public Banks Issue#1: Need consolidation Public Banks Issue#2: Need more investment Banks issue #3: More voting rights for investors Foreign Banks Issue #1: Stampduty Foreign Banks Issue #2: Want to invest in Commodity Standing …