Page-80 of IBPS

LIC's stake in Axis Bank crosses 10%

January 24, 2014

The stake of country’s largest life insurer Life Insurance Corporation of India (LIC) in Axis Bank crossed 10% after it picked up the private lender’s shares through open market transactions. LIC is one of the promoters in Axis Bank, bought ..

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Urjit R Patel Committee suggests adoption of new CPI for Anchoring Monetary Policy

January 24, 2014

The Expert Committee to Revise and Strengthen the Monetary Policy Framework, headed by RBI Deputy Governor Urjit R Patel submitted its report to RBI Governor Dr. Raghuram Rajan. Recommendations of the Urjit R Patel committee: RBI should adopt the new ..

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“Dexter”: A virus in the Indian Online Banking System detected by CERT

January 23, 2014

The Computer Emergency Response Team (CERT-India) detected a “black” private information stealing virus in the Indian online banking transactions space. The virus is especially more threatening for the users of credit cards who make payments at the shopping counters. The ..

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WEF 2014: Swiss banks devise new 'cash' strategies to lure rich clients

January 23, 2014

The 44th World Economic Forum (WEF) annual meeting at Davos, Switzerland from January 22 to 25, 2014. The event sets the key priorities and challenges for the world to tackle in 2014. Theme: ‘The Reshaping of the World: Consequences for ..

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P.J.Nayak Committee set up by RBI to review governance of bank boards

January 23, 2014

The Reserve Bank of India (RBI) set up an 8 -member panel to review governance of board of banks and examine ‘fit and proper’ criteria for directors, including their tenure. The Committee will be chaired by former Axis Bank Chairman ..

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Mr. Anand Sinha, Deputy Governor of RBI retired

January 23, 2014

RBI’s Deputy Governor Dr. Anand Sinha, who was looking after the new bank licence process, retired. The procedure for granting licences to the private sector is yet to be completed. Dr. Sinha was in charge of the Department of Banking ..

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Amish Tripathi's The Immortals Of Meluha set for a Hollywood adaptation

January 22, 2014

Author Amish Tripathi, who created waves in Indian publishing with a $1 million book contract, has cracked it even bigger this time with an American producer purchasing the rights to “The Immortals Of Meluha”. The Bollywood director Karan Johar has ..

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What is Net Neutrality? What is the significance of Net Neutrality?

January 22, 2014

Net Neutrality (or Internet neutrality) is the idea that broadband Internet Service Providers (ISPs), Comcast, Time Warner Cable, Verizon and others, should treat everything that flows across the Internet equally. If the principle of net neutrality is adhered to, then: ..

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Bimal Jalan panel on new bank licences to meet on Feb 10, 2014

January 22, 2014

The Bimal Jalan panel which is scrutinizing applications for new bank licences will hold a meeting on February 10, 2014. Which are the entities in the race for bank licences? Initially, 26 entities expressed interest in entering the banking field. ..

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Sunanda Pushkar

January 20, 2014

Sunanda Pushkar, wife of Union Minister Shashi Tharoor, passed away Sunanda Pushkar, wife of Union Minister Shashi Tharoor, was found dead in a seven- star hotel in New Delhi. She was suffering from lupus and was diagnosed with stomach Tuberculosis.  About Sunanda Pushkar Born:  ..

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