Page-87 of IBPS
Gross NPAs touched Rs. 2.9 lakh crore by March: ICRA
Investment Information and Credit Rating Agency (ICRA) warned the banking industry that it may suffer more shocks due to the pile up of its’ gross bad assets which is set to touch 4.4 %, or Rs 2.9 trillion of total ..
Month: Current Affairs - December, 2013
RBI relaxes ECB norms for infrastructure firms
The Reserve Bank of India (RBI) relaxed External Commercial Borrowing (ECB) norms for companies raising foreign funds for infrastructure projects. As per the relaxation given by the central bank, firms can now raise funds through the ECB route for their ..
Month: Current Affairs - December, 2013
India’s CAD improves to $ 5.2 billion in second quarter
India’s Current Account Deficit (CAD) has improved significantly to $ 5.2 billion (1.2% of GDP) in the second quarter (July-September) of this fiscal mainly due to decrease in gold imports and increase in exports. As per the RBI, the (CAD), ..
Month: Current Affairs - December, 2013
India Post offers Express Parcel and Business Parcel services
India’s Department of Post (DoP) has launched two new parcel services namely ‘Express Parcel’ and ‘Business Parcel’. India Post aims to generate revenue of Rs 100 crore from these services. Express Parcel: It is an air mail service for retail ..
Month: Current Affairs - December, 2013
RBI makes punching PIN mandatory for debit card transactions done every time
With an aim to minimize frauds, RBI has made it mandatory for debit card holders to punch in their PIN numbers every time they use the card. In June 2013, the central bank had extended the deadline for implementation of ..
Month: Current Affairs - December, 2013
RBI permits banks to pay interest at shorter intervals
RBI has decided allow banks decide on the periodicity of interest payment on rupee savings and term deposits keeping in view that the banks are functioning on core banking platform. Banks are now allowed to pay interest on rupee savings ..
Month: Current Affairs - December, 2013
Another Tiger Reserve to come up in Maharashtra
Maharashtra will have its fifth tiger reserve in Nagzira as the National Tiger Conservation Authority has given nod to the development of the conservation zone. The tiger reserve will be set up between Bhandara and Gondia districts. The Nagzira-Navegaon tiger ..
Month: Current Affairs - December, 2013
Category: Places in News Current Affairs
Satyananda Mishra is the new chairman of Multi Commodity Exchange (MCX)
Ex- Chief Information Commissioner (CIC) Satyananda Mishra has been appointed as the chairman of Multi Commodity Exchange of India Ltd (MCX) board. The Forward Markets Commission (FMC) also approved the appointment of Satyananda Mishra as the independent Director of MCX’s board. The ..
Month: Current Affairs - December, 2013
Panipat gets India’s first Synthetic Rubber Plant
India’s first “Synthetic Rubber Plant” was unveiled at Panipat in Haryana. The plant has been set up by Indian Synthetic Rubber Ltd (ISRL) which is a joint venture promoted by Indian Oil, TSRC Corporation, Taiwan, and Marubeni Corporation, Japan. The ..
Month: Current Affairs - December, 2013
Medium enterprises to be included under priority sector: RBI
As per the Reserve Bank of India, the incremental bank loans to medium service enterprises (as defined in the Micro, Small and Medium Enterprises Development Act, 2006) provided after November 13, 2013, up to the credit limit of Rs 10 ..