President signs ordinance giving RBI more power to fix bad loans

Posted on:05 May 2017 15:32:03
President signs ordinance giving RBI more power to fix bad loans
05 May 2017 Current Affairs:

  • President Pranab Mukherjee signed an ordinance giving more power to the Reserve Bank of India(RBI) to deal with the growing problem of non performing assets (NPA).

  • The ordinance amends Section 35A of the Banking Regulations Act.

  • After a cabinet meeting chaired by Prime Minister Narendra Modi , Finance Minister Arun Jaitely declared that a major decision was taken related to the banking sector.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

11 DECEMBER
NEWS
10 DECEMBER
NEWS
9 DECEMBER
NEWS
8 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS