Page-40 of 2012
What is NPA ? What are the Loan classification norms ? What is Provisioning Coverage Ratio (PCR) ?
NPA = Non-Performing Asset Loans and advances given by the banks to its customers is are an Asset to the bank. Just for the sake of simplicity, we can understand that a loan (an asset for the bank) turns as ..
Month: Current Affairs - November, 2012
PSBs see a record rise in Gross NPAs.
The Gross NPAs (Non Performing Assets) to advances ratio for PSBs (Public Sector Banks) rose to a record high at the end of September 2012. As of September 2012 the ratio of gross NPA to advances was the highest for ..
Month: Current Affairs - November, 2012
Rakesh Jhunjhunwala: India’s Warren Buffet
Rakesh Jhunjhunwala Indian investor and trader A qualified Chartered accountant Owner of Rare Enterprises Chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd Net worth: USD 1.25 billion (as of 2011) Started his career in 1985 when the ..
Month: Current Affairs - November, 2012
Flipora: Social Surfing service
Flipora A Social Surfing service A Personalized Search (webpage recommendation) and Discovery engine Made by Infoaxe Inc. Formerly called InfoAxe, Flipora grew from a service that helped users simply find sites they’ve already visited. Flipora helps user remember the great ..
Month: Current Affairs - November, 2012
Japan inks pact with India to import rare earth metals from India
India and Japan inked a strategic agreement that will allow Japan to import rare earth minerals from India. Why such a move by Japan?
Month: Current Affairs - November, 2012
Category: International / World Current Affairs
Rajiv Gandhi Equity Savings Scheme (RGESS) set for launch
RGESS (Rajiv Gandhi Equity Savings Scheme) The finance ministry is set to notify the Rajiv Gandhi Equity Savings Scheme (RGESS). Finance Minister P Chidambaram had approved the RGESS on September 21, 2012. Implementation delayed due to the deliberations on inclusion ..
Month: Current Affairs - November, 2012
Inflation “quite high”: Subbarao
RBI Governor D. Subbarao held that the inflation is “quite high” at 7.45%. He remarked over the falling of headline inflation to 7.45% in October 2012 from 7.81% in September 2012. The comment from RBI Governor has come at a ..
Month: Current Affairs - November, 2012
What is e-tailing ?
e-tailing = electronic retailing selling of retail goods on the Internet. e-tailing or "virtual storefronts" on Web sites with online catalogs, sometimes gathered into a "virtual mall" Online shopping or online retailing is a form of electronic commerce Consumers directly ..