Systemically Important Banks (SIBs): The Reserve Bank of India (RBI) has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs) or banks that are considered as “too big to fail”. Systemically Important Banks (SIBs): Some banks, due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, […]
Category: Current Affairs
Insolvency and Bankruptcy Code : Constitutional Validity
Constitutional Validity of the Insolvency and Bankruptcy Code The Supreme Court (SC) has upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC) (Amendment) Act, 2020. In its August 2019 order, the SC had upheld the government decision to grant home-buyers the status of financial creditors. Financial creditor: It means any person to whom […]
Supreme Court Directive on Quota in Promotions
Supreme Court Directive on Quota in Promotions The Supreme Court asked the Attorney General to compile the various issues being raised by States with regard to the application of a Constitution Bench judgment of 2006 in the M. Nagaraj case. The directive is based on a plea by the Centre to refer to a seven-judge […]
