Lakshmi Vilas Bank and DBS India amalgamation approved – UPSC CURRENT

Lakshmi Vilas Bank and DBS India amalgamation approved by Cabinet


Current Affairs MCQHistory MCQPolity MCQ Video Series


Why in News?

  • The Reserve Bank of India (RBI) proposed a draft scheme of amalgamation that entails the Indian unit of Singapore’s DBS Bank taking over the capital-starved bank.

Backstory :

  • Lakshmi Vilas Bank was placed under the prompt corrective action (PCA) framework in September 2019 considering the breach of PCA thresholds as on 31st March, 2019.
  • The RBI has specified certain regulatory trigger points, as a part of prompt corrective action (PCA) Framework, in terms of three parameters, i.e. capital to risk weighted assets ratio (CRAR), net non-performing assets (NPA) and Return on Assets (RoA), for initiation of certain structured and discretionary actions in respect of banks hitting such trigger points.
  • After taking into consideration various developments, the RBI had come to the conclusion that in the absence of a credible revival plan, with a view to protect depositors’ interest and in the interest of financial and banking stability, there is no alternative but to apply to the Central Government for imposing a moratorium under section 45 of the Banking Regulation Act, 1949.

CRACK  UPSC EXAM IN 200 DAYS! –> CLICK HERE

PRELIMS + MAINS GUIDANCE PROGRAMME —> CLICK HERE 

Spectrum Modern Indian History MCQs Video Series –>  CLICK HERE 

Laxmikanth Indian Polity MCQs Video Series —> CLICK HERE

ART AND CULTURE MCQs VIDEO SERIES –> CLICK HERE

TRY FREE UPSC MOCK TEST  SERIES–>  CLICK HERE


Welcome to Netmock. Netmock is India’s leading website for UPSC/IAS UPPCS preparation. Areas like General Studies, Current Affairs, Spectrum Modern Indian History, Indian Polity Laxmikant Indian Economy, Indian art and culture, Geography, Environment & Ecology, National issues, International issues, The Hindu analysis, The Hindu analysis, Current Affairs MCQs 100 and 200 days UPSC preparation are covered.

Prince Luthra Sir (AIR 577) will guide you throughout your journey of Prelims, Miains and Interview. Once you crack this exam you can also talk to Prince Sir about Lbsnaa as well as postings experiences.

All the best!




Crack UPSC exam in 200 days


MONTHLY  MCQ PRACTICE BOOKS (ENGLISH)


MONTHLY  MCQ PRACTICE BOOKS (HINDI)


Daily Current Affairs


CURRENT AFFAIRS MCQ


INDIAN POLITY MCQ


You may also like...

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

 

Terms and conditions  |  Privacy policy  |  Refund Policy           

error: Content is protected !!
0
Would love your thoughts, please comment.x
()
x
MENU
NETMOCK