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 2018 May

21 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS
18 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS