07 Jan, 2022
22 Min Read
|GS-III||Small Finance Banks in India||Economic Issues|
|Subsidence of the Joshimath Land (Uttarakhand)||Disaster and Disaster management|
|UPSC GS Study Notes||POCSO Act - Protection of Children from Sexual Offences Act||Social Justice|
|National Commission for protection of Child Rights (NCPCR)||Polity|
|IBBI - Insolvency and Bankruptcy Board of India||Polity|
|Insolvency and Bankruptcy Act (IBA)||Indian Economy|
Why in news?
Local Area Banks: An experiment with Small Banks
Hence RBI has come out with the following guidelines for licensing small finance banks in the private sector.
Scope of activities
Procedure for RBI decisions
Operational SFBs in India
Some of the operational Small Finance Banks in India are as follows.
Subsidence of the Joshimath Land (Uttarakhand)
In what region is Joshimath?
What Causes Joshimath to Sink?
Reasons for sinking:
What is Land Subsidence?
What is Landslide?
Source: The Hindu
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