{"id":29413,"date":"2017-08-01T13:46:32","date_gmt":"2017-08-01T13:46:32","guid":{"rendered":"https:\/\/www.edristi.in\/?p=29413"},"modified":"2017-08-01T13:46:32","modified_gmt":"2017-08-01T13:46:32","slug":"bill-introduced-replace-banking-regulation-ordinance","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/bill-introduced-replace-banking-regulation-ordinance\/","title":{"rendered":"Bill introduced to replace Banking Regulation Ordinance"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: According to government estimates, Non-performing Assets of banks amount to over\u2026<\/strong><br \/>\n(a) 8 lac crore<br \/>\n(b) 9 lac crore<br \/>\n(c) 7 lac crore<br \/>\n(d) 6 lac crore<br \/>\n<strong>Answer:- (b)<br \/>\nRelated facts:-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On July 24, 2017, the Banking Regulation (Amendment) Bill, 2017 was introduced in the Lok Sabh by finance Minister Arun Jaitely .<\/li>\n<li>This Bill seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.<\/li>\n<li>The Banking Regulation (Amendment) Ordinance, 2017, was promulgated in May this year.<\/li>\n<li>The new Bill will authorize the RBI to instruct banking companies to resolve the problem of stressed assets.<\/li>\n<li>The RBI would also be empowered to issue other directions for resolution, appoint or approve for appointment, authorities or committees to advise the banking companies for stressed asset resolution.<\/li>\n<li>Non-performing assets of banks have risen to over Rs 9 lakh crore and now RBI is being given power to refer the cases to Insolvency and Bankruptcy Board.<\/li>\n<li>Moving on fast-track, the RBI had in June identified 12 large loan defaulters who account for 25 per cent of the total bad loans in the banking sector.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/www.businesstoday.in\/current\/economy-politics\/fm-introduces-bill-to-replace-banking-regulation-ordinance\/story\/257041.html\" target=\"_blank\" rel=\"noopener\">http:\/\/www.businesstoday.in\/current\/economy-politics\/fm-introduces-bill-to-replace-banking-regulation-ordinance\/story\/257041.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: According to government estimates, Non-performing Assets of banks amount to over\u2026 (a) 8 lac crore (b) 9 lac crore (c) 7 lac crore (d) 6 lac crore Answer:- (b) Related facts:- On July 24, 2017, the Banking Regulation (Amendment) Bill, 2017 was introduced in the Lok Sabh by finance Minister Arun Jaitely . This [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":29414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-29413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/29413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=29413"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/29413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/29414"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=29413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=29413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=29413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}