RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 06.03.2021 (Shift-I) (Part-IV)

Muthoot Fincorp, on 23 July 2020, launched Restartindia portal to help the Micro, Small & Medium Enterprises (MSME) sector to restart businesses across the country.
● Muthoot Fincorp is a Kerala-based NBFC.

According to data released by the Bank for International Settlements (BIS), India's bank credit-to-GDP ratio increased to about 56% in 2020.
● At a 56.075 per cent credit-to-GDP ratio, total outstanding bank credit stood at USD 1.52 trillion in the country in 2020.

President of India appointed the Governor of Uttar Pradesh Anandiben Patel to discharge the functions of the Governor of Madhya Pradesh in July 2020.
● This development came after MP Governor Lalji Tandon passed away.

Defence Ministers' Dialogue between India and Indonesia was held in New Delhi in July 2020.
● The Indian delegation was led by the Defence Minister Rajnath Singh while the Indonesian delegation was led by Defence Minister General Prabowo Subianto.

National Thermal Power Corporation Limited (NTPC) featured on the top on the list of Indian PSUs under the 'World's Best Employer 2020', published by Forbes in October 2020.
● NTPC is India's largest power producer.

The acronym DPCR stands for Digital Public Credit Registry.
● The RBI has initiated steps to set up a wide-based digital Public Credit Registry to capture details of all borrowers in order to check financial delinquencies.

Commercial Paper (CP), in the global financial market, is an unsecured promissory note with a fixed maturity of rarely more than 270 days.
● In India, CPs have a minimum maturity of seven days and a maximum of up to one year from the date of issue.

The acronym FBA refers to Foreign Business Act.
● The Foreign Business Act was enacted by the National Legislative Assembly of Thailand in 1999 that limited foreign ownership of certain Thai industries.

PCR stands for Provision Coverage Ratio.
● Provisioning coverage ratio is the percentage of bad assets/classified assets that the bank has to provide for (keep money) from their own funds - most probably from profit.
● Lower the asset quality, higher will be the provisioning coverage ratio.

RIDF stands for Rural Infrastructure Development Fund.
● The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects.
● The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).