Page-81 of IBPS
Insurance broking model to be compulsory for banks soon: IRDA
Soon, the Insurance Regulatory and Development Authority (IRDA) may make the broking model for banks compulsory if significant traction is not achieved in Insurance penetration. Data from the IRDA shows that at present, India stands much below the global average ..
Month: Current Affairs - January, 2014
Federal Bank to hire 3,000 employees over next three years
The private sector bank, Federal Bank plans to recruit about 3,000 employees and add 300 branches in the next three years. As per Federal Bank Managing Director and CEO, Shyam Srinivasan, in the last three years, 340 branches were added ..
Month: Current Affairs - January, 2014
RBI permits foreign buyers to invest in South Indian Bank
The Reserve Bank of India (RBI) has given its permission to foreign investors to buy shares in South Indian Bank. The restrictions placed on the purchase of shares of the South India Bank are withdrawn with immediate effect. At this ..
Month: Current Affairs - January, 2014
GOLDHEDGE: NCDEX launched gold contract for hedgers
The National Commodity Derivatives Exchange (NCDEX) launched an “innovative” gold contract “GOLDHEDGE” that will give a transparent and straightforward price benchmark of the yellow metal to the consumer. The contract, GOLDHEDGE, is available for trading from Jan 16, 2014. The unit ..
Month: Current Affairs - January, 2014
Iran seeks permission to open multiple bank accounts in India
Iran has requested the Ministry of Finance and the Reserve Bank of India (RBI) to allow it to open accounts in multiple banks to facilitate better non-oil trade between the two nations. As per Iran’s Ambassador Gholam Reza Ansari, Iran ..
Month: Current Affairs - January, 2014
Tata launches Nano Twist
Tata Motors launched the Nano Twist- a variant of its small car Nano. The Nano Twist comes with a power steering, which the earlier Nano models did not have. The company claims that the Nano Twist is the first in ..
Month: Current Affairs - January, 2014
Bill Gates: The most admired person in the world
As per a new poll conducted by The Times, the co-founder of Microsoft and a billionaire philanthropist Mr. Bill Gates is the most admired person on the planet. He is better known for donating large sums of money to charitable ..
Month: Current Affairs - January, 2014
Category: Sports Current Affairs
RBI inks a pact with Bank of Japan for raising BSA to $ 50 billion
The Reserve Bank of India (RBI) and Bank of Japan (BOJ) signed an agreement to enhance the maximum amount of the Bilateral Swap Arrangement (BSA) between the two countries to $50 billion. The agreement signed by RBI Governor Raghuram Rajan ..
Month: Current Affairs - January, 2014
Golden Globe Awards 2014: List of Winners of Motion Pictures
The 71st Annual Golden Globe Awards ceremony was held at the Beverly Hills, California. The winners of various awards are as follows – Best Motion Picture Drama: 12 Years a Slave Best Motion Picture Musical/Comedy: American Hustle Best Director in ..
Month: Current Affairs - January, 2014
Category: International / World Current Affairs
Suresh Mathur Committee: IRDS sets up panel to study FDI in insurance intermediaries & TPA
The insurance sector regulator, Insurance Regulatory and Development Authority (IRDA) set up a 10-member committee to study the options of allowing 100 % Foreign Direct Investment (FDI) in insurance intermediaries, Third-Party Administrators (TPA), surveyors and loss assessors. The 10-member committee ..