Page-131 of IBPS
Citigroup to slash 11,000 jobs
With an aim to cut expenses and make the bank more manageable Citigroup Inc is cutting 11,000 jobs or 4% of its workforce globally. The cuts are expected to bring at least $1.1 billion in annual savings starting in 2014. ..
Month: Current Affairs - December, 2012
RBI sets up supervisory colleges for SBI, ICICI
The RBI has for the first time established the ‘Supervisory College’ for cross border supervision of State Bank of India (SBI) and ICICI Bank. What is the role of “Supervisory College”? The main role of the supervisory college, comprising local ..
Month: Current Affairs - December, 2012
RBI's inflation comfort zone need not be changed: Rangarajan
Prime Minister’s Economic Advisory Council (PMEAC) C. Rangarajan pined not to alter the RBI’s inflation comfort level from 4-5%. In 1998, Rangarajan had considered inflation rate at 6% to 7% as “acceptable level”. At that time, inflation level was as ..
Month: Current Affairs - December, 2012
Government to pour in Rs 4,000-cr capital into SBI
In order to boost the strength of country’s largest bank, SBI, government is expected to infuse Rs 4,000 in the bank. This will enhance bank’s Capital Adequacy Ratio (CAR) to over 13%. What is CAR? CAR is a key indicator ..
Month: Current Affairs - December, 2012
Life insurers not allowed to participate in repo transactions: IRDA
The Insurance Regulatory and Development Authority (IRDA) said that life insurance companies are not allowed to take part in repo transactions. In a circular IRDA clarified that: In case of reverse repo (lending) transactions in government securities and corporate debt ..
Month: Current Affairs - December, 2012
Etheostoma Obama: Freshwater Fish named after Barack Obama
Etheostoma obama, or the spangled darter, is a newly discovered species of relatively skinny orange and blue speckled freshwater fish that has been named after US President Barack Obama due to Barack Obama’s "global vision of environmental protection and conservation". ..
Month: Current Affairs - December, 2012
EPFO unveiled e-Passbook service
Employee’s Provident Fund Organization (EPFO) launched its e-Passbook service which will enable its subscribers to access their accounts online. Active Subscribers will now be able to get their e-passbook every month. Subscribers can log on to www.epfindia.gov.in to register and ..
Month: Current Affairs - December, 2012
Cheque books only in new format will be valid from January 1, 2012
Old cheque books will be of no use from January 1, 2013 with the implementation of Cheque Truncation System (CTS-2010). Only new cheques with more security and standardized features will be acceptable. How it will help? The new cheques will ..
Month: Current Affairs - December, 2012
“Life of Pi” :: Yann Martel
Life of Pi is a 2012 American adventure drama film. Based on the famous novel ‘Life of Pi’. Directed by: Ang Lee The film stars Irrfan Khan, Gérard Depardieu, Tabu, Suraj Sharma, and Adil Hussain. Who is Yann Martel? Yann ..
Month: Current Affairs - December, 2012
PVR to buy 69% stake in Cinemax
PVR would acquire 69.3% stake in Cinemax India for an amount of Rs 395 crore in order to expand its business in India. Cinemax is owned by Kanakia Group. The acquisition would make PVR the largest multiplex chain in India. ..