Banks Liable for Unauthorised Withdrawals: Kerala High Court

The Kerala High Court has said that banks cannot be absolved from the liability to the loss caused to a customer on account of unauthorised withdrawals made from his/her account, merely on the ground that the customer did not respond ..

Month: Current Affairs - February, 2019

Jayant Rikhye to be new chief executive of India operations of Hongkong and Shanghai Banking Corp. Ltd (HSBC)

Jayant Rikhye has been appointed as the new chief executive of India operations of Hongkong and Shanghai Banking Corp. Ltd (HSBC). He will take charge from 1 December and will succeed Stuart Milne. Currently, he is HSBC’s international head for ..

RBI imposes penalty on 5 foreign banks for violating FEMA rules

The Reserve Bank of India (RBI) has slapped a fine on five foreign banks, namely, Deutsche Bank, Standard Chartered Bank, Bank of America, Bank of Tokyo Mitsubishi and The Royal Bank of Scotland for violating reporting requirements of the Foreign ..

Central Bank auctions Treasury Bills under MSS

Reserve Bank of India today auctioned 35-days Treasury Bills worth Rs. 60,000 Crores under the aegis of Market Stabilization Scheme as a step to clean the extra liquidity from the system. The bids were submitted via an electronic format on ..

Nachiket Mor Committee recommendations

The “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households” was set up by the RBI in Sep 2013 under the chairmanship of Nachiket Mor, an RBI board member. RBI released the voluminous and detailed Report of ..

Ravneet Gill will be new CEO of Deutsche Bank India

Ravneet Gill appointed as new CEO of the bank’s Deutsche Bank for its Indian operations. Mr. Gill replaced Gunit Chadha, who was elevated as co-chief executive of Asia Pacific along with AlanCloete.

Month: Current Affairs - August, 2012

Regulators in Europe, US and Asia investigating financial institutions

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. ..

Month: Current Affairs - June, 2012

IBPS →CWE (PO/ Management Trainees-II) Recruitment 2012 Guide

The Institute of Banking Personnel Selection (IBPS) is going to conduct the 2nd Common Written Examination (CWE- PO/ MT- II) for recruitment of Probationary Officers/ Management Trainees post in 19 public sector banks of India. The tentative date of examination ..

Month: Current Affairs - March, 2012

GK for Bank PO & Bank Clerical Recruitment Tests

1. Which among the following organization has been conducting surveys of the strength of financial markets of various countries and ranks them accordingly in its flagship annual “Financial Development Report”? [A]G-20 [B]UNCTAD [C]World Economic Forum [D]World Bank World Economic Forum ..

Financial Inclusion: New operational guidelines on Financial Inclusion

The new RBI guidelines on Financial Inclusion have shifted the onus from “‘one district-many banks” to “‘one district-many banks-one leader bank“. The new operational guidelines are for the implementation of a transfer system (Electronic Benefit Transfer) for servicing low-value accounts ..

Month: Current Affairs - November, 2011

Category: Government Schemes Current Affairs