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DEPARTMENT 34

India's Monetary, Banking and Financial System

RBI, India's banks, NPA resolution, payments (UPI), regulators and financial stability.
Entry Level: L1RBI Grade BUPSC GS IIIBanking

Syllabus Modules & Canonical Topics

5 Modules comprising 24 Canonical Topics.

34.1

The Reserve Bank of India

6 Canonical Topics
34.1.1
History and functions of the RBI
L1
34.1.2
The monetary policy framework and the MPC
L1
34.1.3
RBI policy instruments: repo, SDF, MSF, CRR and SLR
L1
34.1.4
RBI governance and the RBI Act
L2
34.1.5
The liquidity adjustment facility
L2
34.1.6
The RBI balance sheet and surplus transfer
L3
34.2

Indian Banking

5 Canonical Topics
34.2.1
Structure of Indian banking
L1
34.2.2
Priority sector lending
L1
34.2.3
NPAs and their resolution: SARFAESI, IBC and ARCs
L2
34.2.4
Bank consolidation
L2
34.2.5
NBFCs and housing finance companies
L2
34.3

Markets and Regulators

5 Canonical Topics
34.3.1
SEBI and the securities market
L1
34.3.2
IRDAI and insurance
L1
34.3.3
The government securities market
L2
34.3.4
PFRDA and pensions
L2
34.3.5
The Financial Stability and Development Council
L3
34.4

Payments and Inclusion

4 Canonical Topics
34.4.1
UPI and NPCI
L1
34.4.2
Jan Dhan and financial inclusion
L1
34.4.3
The digital rupee
L2
34.4.4
MUDRA and SHG-bank linkage
L2
34.5

How Indian Monetary Policy Evolved

2 Canonical Topics
34.5.1
From credit planning to inflation targeting
L3
34.5.2
The Chakravarty and Urjit Patel committees
L3
Back to School G: The Indian Economy