Banking sector growth contingent on Innovative delivery model: PwC

According to a report by PwC (PricewaterhouseCoopers): · Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of banking sector in the near future · The concerns over data security ..

Month: Current Affairs - July, 2012

RBI elevates foreign investment limit in govt bonds

In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external ..

Month: Current Affairs - July, 2012

Need to educate public about nature of gold investments: RBI Deputy Governor

Reserve Bank deputy governor KC Chakrabarty held that: In order to bring down the high import of gold, RBI considers educating and disseminating awareness in the people about the speculative nature of gold investments and that it is not proper ..

Month: Current Affairs - June, 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

RBI announces measures to revive Rupee

The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize ..

Month: Current Affairs - June, 2012

Moody’s rates India’s sovereign credit outlook stable

Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable. As per the agency a slowdown in growth and investment is expected to be transitory. As per its report, certain recent negative trends, lower growth, sluggish investment ..

Month: Current Affairs - June, 2012

Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who ..

Month: Current Affairs - June, 2012

IRDA unveils portal to educate public on insurance

Insurance Regulatory and Development Authority (IRDA) started a website to educate consumers for buying insurance services. Website: www.policyholder.gov.in The website will offer valuable information for the benefit of policyholders and prospects. It provides guidelines on buying insurance, standard claim procedures ..

Month: Current Affairs - June, 2012