Page-85 of IBPS
Canara Bank got license to open a branch in New York
To expand its global presence, the Canara Bank received a license from the US regulators to open a branch in New York. As stated by the Chairman and Managing Director of Canara Bank, R. K. Dubey, the Board of Governors ..
Month: Current Affairs - December, 2013
SEBI sets out deposit norms for members in debt segment
The Securities and Exchange Board of India (SEBI) sets out minimum deposit requirements for members in the debt segment of the stock exchanges. As per the circular issued by SEBI – As per the norms for stock brokers and proprietary ..
Month: Current Affairs - December, 2013
Ms. Usha Sangwan: The first woman managing director of LIC
The Government of India appointed Ms Usha Sangwan as the first woman managing director of Life Insurance Corporation of India (LIC) and Vijay Kumar Sharma as an MD and chief executive officer of LIC Housing Finance. With these appointments, LIC ..
Month: Current Affairs - December, 2013
RBI: Inflation linked bonds for sale from December 23, 2013
The Reserve Bank of India (RBI) will issue Inflation Indexed National Savings Securities Cumulative (IINSS-C) bonds (or inflation linked bonds) for retail investors by opening the subscription on December 23, 2013 and close it on December 31, 2013. Objective: The ..
Month: Current Affairs - December, 2013
UTIP Study: Kolkata ranked top in public transport among Indian cities
As per a study conducted by the International Association of Public Transport (UTIP), Kolkata (31) ranked top in the public transport among Indian cities. The other cities studied by the UTIP are Mumbai (41), Chennai (54), Hyderabad (55), Bangalore (65) ..
Month: Current Affairs - December, 2013
Category: Places in News Current Affairs
Sebi exempts govt from making open offer to IOB shareholders
Capital market regulator, Securities and Exchange Board of India (SEBI) exempted the government from making an open offer to public shareholders for acquiring shares of Indian Overseas Bank (IOB). The order was issued after the Government planned to raise its stake ..
Month: Current Affairs - December, 2013
RBI outlines action plan to tackle NPAs; discussion paper open for public comments
The Reserve Bank of India (RBI) outlined a corrective action plan to minimize rising Non-performing assets (NPAs). The plan include three steps:- To motivate early identification of problem cases. To restructure the accounts timely , which are considered to be ..
Month: Current Affairs - December, 2013
RBI mid quarter monetary policy review: All rates remain unchanged
The Reserve Bank of India (RBI) in its mid-quarter Monetary Policy Review kept the interest rates unchanged. By this move, the central bank gave the indication that solely monetary policy can’t deal with the inflation; the government must take initiatives ..
Month: Current Affairs - December, 2013
C.V.R Rajendran is new CMD of Andhra Bank
The Union Ministry of Finance, Government of India appointed C. V. R. Rajendran as Andhra Bank Chairman and Managing Director. Previously, he was Executive Director of Bank of Maharashtra. As CMD of Andhra Bank, Rajendran will have a 5-year term ..
Month: Current Affairs - December, 2013
Centre appoints Harsh Bhanwala as new NABARD Chairman
Harsh Kumar Bhanwala has been appointed as Chairman of the National Bank for Agriculture and Rural Development (NABARD) by the Centre. Bhanwala, succeeds Prakash Bakshi, who retired as NABARD Chairman. Previously, Bhanwala was an Executive Director at India Infrastructure Finance ..