Syllabus: GS-III
Subject: Economy
Topic: Banking and Financial Intermediaries
Issue: Central Economic Intelligence Bureau
Context: An “Automated Search Portal” was operationalised by the Central Economic Intelligence Bureau (CEIB) in collaboration with the State Bank of India.
Objective: To check the antecedents of prospective large borrowers.
- Ascertain the existence of any non-performing assets against their name.
- All Public Sector Banks are mandated to seek a report from the CEIB before sanctioning loans exceeding ₹50 crore to new borrowers.
- To help in making informed decisions regarding
Prelims Connect: (Institutions in News)
Central Economic Intelligence Bureau (CEIB)
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