• The merger of 10 public sector undertaking banks into four came into effect from 1^st April, 2020.

Recently, the private lender YES Bank additional tier 1 (AT1) bonds worth Rs. 8,415 crore have been written down to zero by the Reserve Bank of India(RBI) under the scheme of reconstruction of Yes Bank.

In a significant judgment, the Supreme Court on 4^th March, 2020, lifted the curbs imposed by the Reserve Bank of India(RBI) on regulated entities such as banks and NBFCs from dealing with virtual currencies (VC) and from providing services to crypto businesses.

Recently, seven of the 10 public sector banks slated for merger have invited independent experts to determine their share swap ratios.

Why is it in News?

Sashakt committee has praised the mandatory norm of Inter Creditor Agreement (ICA) for its effectiveness in tackling bad loans.

Why is it in News?

RBI released new norms on NPA management for banks on 7 June 2019.