Page-54 of IBPS

Indian Railways releases: ‘India Junction – A Window to The Nation’

May 13, 2014

Indian Railway released a book, titled ‘India Junction – A Window to the Nation’. The book has been brought out by Public Relations Directorate, Railway Board. The book has been edited by Ms Seema Sharma. About the Book: ‘India Junction – A Window to the ..

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RBI restricts companies from refinancing of rupee loans via External Commercial Borrowings (ECB) route

May 12, 2014

RBI has barred Indian companies from raising money from subsidiaries of Indian banks overseas via the External Commercial Borrowings (ECBs) to refinance their rupee loans. Thus, Indian companies will not be allowed to raise ECB from overseas branches or subsidiaries of ..

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54 Indian companies among Forbes ‘Global 2000’

May 11, 2014

In the latest released Forbes ‘Global 2000’ list, Mukesh Ambani-led Reliance Industries leads the set of 54 Indian companies in the annual list of the world’s 2000 largest and most powerful public companies. The top three positions of the list is ..

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RuPay, India’s indigenous card payment network launched

May 11, 2014

Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help in bringing down cash transactions. The RuPay is a blend of two ..

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DGCA grants Flying License to AirAsia India

May 10, 2014

India’s aviation regulator DGCA granted flying license or Air Operator’s Permit (AOP) to the new airline AirAsia India. AirAsia India plans to have a 10-aircraft fleet within a year of start of its operations and these planes would be drawn ..

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'Do not charge penalty on pre-payment of floating loans': RBI to Banks

May 10, 2014

The RBI gave relief to borrowers as it directed banks not to levy any penalty on individual borrowers for pre-payment of floating loans. The central bank has barred banks from imposing foreclosure charges or pre-payment penalties on all floating rate ..

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SC upholds constitutional validity of Right to Education Act

May 10, 2014

The constitutional validity of Right to Education Act (RTE Act) has been upheld by the Supreme Court. RTE Act mandates that 25% seats in all schools be reserved for the economically disadvantaged children. As per the Supreme Court decision: The 93rd ..

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RBI allows minors over 10 years to operate bank accounts

May 8, 2014

As per the guidelines issued by the RBI, minors above 10 years of age have been allowed to open and operate independently savings bank account and use other facilities like ATM and cheque books. The central bank has taken this ..

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Don’t levy penalty if minimum balance is not maintained in bank account: RBI to banks

May 8, 2014

The RBI has asked banks not to impose penalties on customers who don’t maintain a minimum balance in any dormant account as part of a consumer protection initiative. A number of banks, including the State Bank of India, do not levy ..

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Rising NPAs is making public sector banks unfit for private Provident Fund deposits

May 8, 2014

Surging Non-Performing Assets (NPAs) have rendered public sector banks such as State of India (SBI), Punjab National Bank (PNB) and Canara Bank unfit to take deposits from non-government Provident Funds (PF). As per the current rules governing investments by PFs, ..

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