Page-93 of IBPS
Arundhati Bhattacharya becomes first woman Chairman of SBI
Arundhati Bhattacharya, Managing Director and Chief Financial Officer of State Bank of India, has become its first woman Chairman. She succeeds Pratip Chaudhuri who retired as Chairman on September 30, 2013. Bhattacharya, who joined SBI as a probationary officer in 1977, ..
Month: Current Affairs - October, 2013
RBI cuts MSF rate by 50 bps to 9.0%
The Reserve Bank of India has reduced one of the key short-term borrowing rate, the Marginal Standing Facility (MSF), by 50 basis points to 9.0%. The step has been taken as the rupee has recovered 11.4% after hitting an all-time ..
Month: Current Affairs - October, 2013
‘110 201’: Supreme Court gets country’s first customized pin code
The Department of Posts, Ministry of Communications & Information Technology, allotted a ‘Customized Pin Code’ to the Supreme Court of India. The Pin Code allotted to the Supreme Court is ‘110 201’. What is a PIN code and how is ..
Month: Current Affairs - October, 2013
Category: Places in News Current Affairs
CCEA takes steps for operationalisation of IDFs
The Cabinet Committee on Economic Affairs (CCEA) has taken the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs). The annual Guarantee Fee payable to the Concession Authority has been capped at 0.05% per annum, of outstanding debt ..
Month: Current Affairs - September, 2013
IDBI Bank launches ‘Own Your NPA’ campaign
In a bid to speedily recover Non-Performing Assets (NPA), the IDBI Bank has launched a campaign named ‘Own Your NPA’. What is ‘Own Your NPA’ campaign? It is a NPA recovery drive launched by the IDBI Bank through which it ..
Month: Current Affairs - September, 2013
Investment through P-Notes hits 3-month high of $26 billion
As per share market regulator SEBI, investments into Indian shares through participatory notes (P-Notes), hit a three-month high of Rs 1.65 lakh crore (about $26 billion) in August 2013. What are Participatory Notes? Participatory Notes or P-notes are derivative instruments, used by ..
Month: Current Affairs - September, 2013
Moody's lowers SBI's debt and local currency rating to junk
Global rating firm, Moody’s Investors Service, has downgraded State Bank of India’s senior unsecured debt and local currency deposit ratings to Baa3 or lowest investment grade rating from Baa2 and altered the outlook on SBI’s financial strength rating to negative from ..
Month: Current Affairs - September, 2013
Grameen Bank (Bangladesh) to be brought under Central Bank jurisdiction in Bangladesh
The Grameen Bank, the Nobel Peace Prize winning microcredit organization of Bangladesh, will be brought under the control of country’s central bank to give the authorities more powers over the organization. The decision by the government follows the recommendations of ..
Month: Current Affairs - September, 2013
Impasse over RBI's 80:20 gold import scheme ends
The government cleared the confusion that was going between the Customs Department and gold importers regarding the RBI’s 80:20 scheme which was introduced in July 2013. What is 80:20 scheme of RBI? Under this scheme, the importers are directed to ..
Month: Current Affairs - September, 2013
Fitch slashed India’s growth projection
Global rating agency Fitch has scaled down its projections on India’s growth to 4.8% for the current fiscal from the earlier estimate of 5.7% made in June, 2013. Why did Fitch scaled down India’s growth prospects? The following are the ..