Banking Awareness And Current Awareness note Download in pdf for IBPS-PO & SBI-PO Exam 2014
Guys this pdf is prepared by professionals and this is really helpful pdf for those prepare for IBPS-PO and SBI-Associates PO exam, this covers all general awareness, important banking events, current events and banking current which is important for upcoming SBI & IBPS exam.
Policy Rates of RBI
Ø Repo rate- 8%
Ø Reverse Repo Rate-7%
Ø CRR-4%
Ø SLR-22%
Ø Bank Rate-9%
Ø Marginal
Standing Facility (MSF)- 9%
Banking & Financial News
ü RBI closed down six Urban Cooperative Banks which were
suspected of being used to route illegal money. RBI didn’t disclose the names
of these UCBs.
ü The Reserve Bank of India on 9 September 2014 decided
to fix the upper age limit at 70 years for M.D and CEO in private sector banks.
ü CAD in Q1 of 2014-15 narrowed down to 1.7 percent due
to fall in gold imports.
ü To expedite credit decisions, RBI asked banks to set a
timeline to process loans. However, RBI didn’t set any particular time frame
for it.
ü The Reserve Bank of India (RBI) on 1 September 2014
issued guidelines on implementation of Basel III Capital Regulations. The
issued guidelines are to facilitate raising of non-equity regulatory capital
instruments by banks under Basel III framework. The guidelines are applicable
with immediate effect from 1 September 2014.
ü The Cabinet Committee on Economic Affairs on 27 August
2014 approved the continuation of production of urea.
ü IRCTC has launched a new application to book tickets
for Black Berry smartphone users. The application is user friendly and easy to
operate.
ü Union Finance Ministry on 20 August 2014 ordered a
forensic audit of the state-run Oriental Bank of Commerce (OBC) and Dena Bank.
The audit was ordered following reports that some Mumbai-based branches of the
two banks OBC and Dena Bank had siphoned off 180 crore rupees and 256 crore
rupees respectively, from their fixed deposit customers.
ü Union
Textiles Ministry signed MoU with Flipkart to provide online marketing platform
to handloom weavers to boost the sector.
ü SC
termed coal block allocated by screening committee from 1993 to 2010 as
illegal. They were not fare & transparent.
ü Union
Government re-launched Varishtha Pension Bima Yojana for the benefit of
citizens aged 60-year and above and provide financial security to them.
ü The Competition Commission of India (CCI) on 25 August
2014 imposed a combined penalty of more than 2500 crore rupees on 14 car
companies
he
highest penalty of around 1346 crore rupees has been imposed on Tata Motors.
ü The Reserve Bank of India on 21 August 2014 released its
annual report for 2013-14. In its report. RBI suppressed the fear of drought
stating that 'its way better than 2009' and the gaps in the fiscal and current
accounts are most likely to remain contained in 2014-15.
The
report covers (i) the assessment of the macroeconomic performance during
2013-14 and the prospects for 2014-15, and (ii) the working and operations of
the Reserve Bank and its financial accounts for the year 2013-14.
ü The
Reserve Bank of India on 21 May 2014 allowed banks to provide loans to
exporters with tenures of up to 10 years.
ü Bharatiya
Mahila Bank (BMB) was included in the second schedule of the Reserve Bank of
India (RBI) Act, 1934. It was announced by RBI in a notification issued. Total
number of scheduled commercial banks in India now are 90.
ü The Reserve Bank of India (RBI) made easy the gold import
norms under the 20: 80 Scheme.Under the 20:80 Scheme, Star trading houses and
premier trading houses, which are registered as nominated agencies by the
Directorate General of Foreign Trade (DGFT) now can import gold.
BHARAT BILL PAYMENT SYSTEM
v Bill payment is a major component of the retail
payment transactions. The Committee to study the Feasibility of Implementation
of GIRO based Payment Systems (Chairman: Shri G. Padmanabhan, Executive
Director, RBI) (2013) had estimated that over 30,800 million bills amounting to
Rs.6223 billion are generated each year in the top 20 cities in the country.
Though various forms of payments are accepted, cash and cheque payments
continue to be predominant, particularly at the Billers’ Own Collection Point.
NEW BANKING LICENSE
v In April, RBI issued in-principle licences to
infrastructure financier IDFC and micro lender Bandhan. These entities will
have to start operations within 18 months from the time they secured the
licences.
v The
approval of licences for IDFC Ltd (IDFC.NS) and Bandhan Financial Services
marks the start of a cautious experiment for a sector dominated by lethargic
state lenders, many of which are reluctant to expand into rural areas or towns
where banking penetration is low. No new Indian bank has been formed since Yes
Bank (YESB.NS) in 2004.
RuPay Payment Gateway
v RuPay is an Indian domestic card scheme conceived and
launched by the National Payments Corporation of India (NPCI).
v It was created to fulfill the Reserve Bank of India’s
desire to have a domestic, open loop, and multilateral system of payments in
India
v The IndiaPay scheme was conceived by the National
Payments Corporation of India as an alternative to the MasterCard and Visa card
schemes.
v The RuPay card was launched on 26 March 2012.
v On 8
May 2014, RuPay has been dedicated to India by President of India, Pranab
Mukherjee at Rashtrapati Bhavan, New Delhi.
Deepak Tomar
I'm Deepak Tomar. I have completed my M.Tech in Computer Science and now i am working as a Govt. Employee in UP Police, I Love to help others and making friends, you can connect to me on facebook for any help- I will be happy to help you .
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