Page-31 of Finance
Differential Voting Rights (DVR) Shares
A DVR share is like an ordinary equity share, but it provides fewer voting rights to the shareholder. The objective of issuing DVR shares is for prevention of a hostile takeover and dilution of voting rights. It also helps strategic ..
RuPay cards will be acceptable at all PoS by January, 2013: NPCI
As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI ..
Month: Current Affairs - September, 2012
RBI prohibits Mobile network operators from offering mobile wallet facility
The RBI asserted that it will not permit mobile network operators to offer cash-out or mobile wallet service. Why RBI has asserted this? As per RBI, mobile wallet is basically an e-money product and therefore permitting mobile network operators provide ..
Month: Current Affairs - September, 2012
Moody’s slashed India’s Growth projections to 5.5%
Moody’s Analytics slashed India’s growth projections to 5.5 % for the fiscal year 2012-13. It attributed the cut to inaction by government and poor monsoon. Prior to this, CLSA and Citigroup had slashed their growth forecasts for India to 5.4 ..
Month: Current Affairs - August, 2012
“Risk Index” to facilitate banks in extending loans soon: CIBIL
Credit Information Bureau (India) Ltd (CIBIL) is likely to bring in a “Risk Index” that will assist country’s banks in making faster decisions on extending loans to corporates and business houses. Banks would be able to gauge the potential of ..
Month: Current Affairs - August, 2012
RBI cuts SLR, releases Rs 60,000 crore
RBI slashed the Statutory Liquidity Ratio (SLR) by 1 percentage point from 24 % to 23 % which is expected to provide liquidity of around Rs 60, 000 crore. It kept the major indicative policy rates unchanged while it slashed ..
Month: Current Affairs - August, 2012
Orissa: First Indian state to begin e-payment facility for government employees
Orissa is the first Indian state to commence e-payment facility for government employees from August 1, 2012. Govt employees will get their salaries and pensions through the online Portal of the RBI. Salaries and pensions will be directly transferred to ..
Month: Current Affairs - August, 2012
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.