Page-75 of IBPS

RBI imposed restrictions on intra-group investment by banks

February 16, 2014

In a bid to mitigate the financial risk from concentration of business, the Reserve Bank of India (RBI) imposed curbs on banks investing in their group companies.  Objective of ITEs measures: To ensure that banks maintain arm’s length relationship in ..

Month: 

Mr. Jatinder Bir Singh: Appointed as a new CMD of Punjab and Sind Bank

February 16, 2014

Mr. Jatinder Bir Singh appointed new Chairman and Managing Director of Punjab and Sind Bank (PSB). He succeeded Mr. D.P. Singh. Previously, Mr. Singh was an Additional Secretary in the Ministry of Water Resources. He is 1983-batch IAS officer of Assam-Meghalaya ..

Month: 

Sikkim: India’s first state to achieve 100% sanitation coverage

February 16, 2014

As per the report released by the Union Ministry of Drinking water and Sanitation, Sikkim became the only state in India to achieve 100% sanitation in rural and urban households, schools, sanitary complexes and Aanganwadi centres. Under the Nirmal Bharat ..

Month: 

Category: 

RBI allowed FIIs to purchase 30% shares in Dabur

February 16, 2014

The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital. FIIs have been allowed to buy more shares in Dabur India as the company ..

Month: 

“SMSS J031300.36-670839.3”: Oldest known star in the Universe discovered

February 16, 2014

The astronomers led by Dr Stefan Keller of the Australian National University (ANU) have discovered the oldest known star, SMSS J031300.36-670839.3, in the Universe, which formed shortly after the Big Bang 13.6 billion years ago. Modern cosmological science stated that ..

Month: 

Category: 

Production of iconic Maruti 800 stopped by Maruti Suzuki India Ltd (MSIL)

February 13, 2014

Maruti Suzuki India Ltd (MSIL) stopped production of the iconic Maruti 800 car brand that had been the carrier for millions of Indian middle-class families. As per the company’s policy, though the car production has stopped, spare parts will be ..

Month: 

Google doodle celebrated Sarojini Naidu's 135th birthday or National Women's Day of India

February 13, 2014

The search giant, Google marked the 135th birth anniversary of freedom fighter and poet Sarojini Naidu with a doodle. The doodle on the search giant’s homepage displayed a portrait of Ms. Naidu in the place of the second ‘O’ in ..

Month: 

Category: 

RBI released draft Report on Enabling PKI in Payment System Applications

February 12, 2014

The Reserve Bank of India (RBI) released draft report on enabling Public Key Infrastructure (PKI) in payment system applications. Public Key Infrastructure enabled electronic payment systems that has been introduced by the RBI are – RTGS, NEFT, CBLO, FOREX Clearing, ..

Month: 

National Green Tribunal (NGT) bans on burning tyres in Public Places

February 12, 2014

The National Green Tribunal (NGT) banned the burning of tyres at public places viz. roads, areas surrounded by residential buildings and also during protests by political and religious groups, as this leads to health hazards. As per the Western Zone Bench of NGT-Pune ruling: ..

Month: 

Chip-and-PIN cards

February 9, 2014

With an aim to minimize frauds, RBI has mandated that Banks must adopt Aadhaar as additional authentication or move to EMV (Euro pay MasterCard Visa) chip and pin technology to ensure security in card-based payment transactions. The apex bank made ..

Month: