IBPS PO 2020 Institute of Banking Personnel Selection (Probationary Officer)
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11th Oct 2020

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IBPS PO 2017 Latest Banking Affairs!!

By: Shreyansh on August 11, 2017
All the current news related to Banking is important for IBPS PO 2017 exam. The candidates need to be regularly updated with the trends. 
Here is the IBPS PO 2017 latest update on the Banking-
Banking Regulation (Amendment) Bill, 2017 replaced the Banking Regulation (Amendment) Ordinance, 2017 by the Finance Minister Shri Arun Jaitley. The Banking Regulation (Amendment) Ordinance, 2017 was executed by the president's order using the ordinance power of the President under Article 123. Banking Regulation (Amendment) Bill, 2017 is introduced taking into account the increasing number of Stressed Cases and Non-Performing Assets (NPA's) which accounts for around Rs. 6.41 lakh crore at the March-end. 
Banking Regulation Bill comprises of the following features:
1) It will empower the RBI (Reserve Bank of India) to ask any bank to give directions to for the resolution of the stressed assets.
2) It will empower the RBI (Reserve Bank of India) to initiate insolvency proceedings.
3) The bill will help to initiate the bankruptcy and insolvency against the wilful loan defaulters.
Stay Updated for more Bank related Awareness.

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