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The Banking Codes and standards Board of India is an independent and autonomous banking industry body that monitors banks in India.To improve the quality of banking services in India S S Tarapore (former deputy governor of RBI) had the idea to form this committee.
The president, Development Bank of BRICS Countries, Shri K.V. Kamath calls on the prime minister, Shri Narendra Modi, in New Delhi on May 28, 2015. On 11 May 2015, K. V. Kamath was appointed as the president of the bank. [9] The 7th BRICS summit in July 2015 marked the entry into force of the Agreement on the New Development Bank. On 27 ...
Non-performing assets had been the single largest cause of irritation of the banking sector of India. [4] Earlier the Narasimham Committee-I had broadly concluded that the main reason for the reduced profitability of the commercial banks in India was the priority sector lending.
India's total real premium growth was 6.9% which was more than twice the world average of 2.9%. [21] In recent years, the Indian insurance sector has begun aiming at implementing new technologies for an efficient insurance distribution. These technologies include but are not limited to wearables, IoT-linked products, etc.
Accordingly, the research and development activities of the institute aim at improving banking technology in India. While addressing the immediate concerns of the banking sector, the research at the institute also focuses on anticipating the future needs and requirements of the banking sector and developing technologies to address them.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
The share of the bank sector held by the public banks continued to grow through the 1980s, and by 1991 public sector banks accounted for 90% of the banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for ₹1,10,000 crore.
These developments have largely been sector specific. The FSLRC has looked into the necessity of keeping these sector specific rules and will retain them only under special circumstances. Where the law can be made sector neutral or the law has been unable to keep pace with financial innovation, the FSLRC will propose new formulations of law.