Page-8 of SBI
SBI to act as lead bank for four newly-formed Meghalaya districts
The Reserve Bank of India (RBI) designated SBI to act as the lead bank in four newly constructed districts in Meghalaya. The central bank also assigned State Bank of India (SBI), the district working codes for the purpose of Basic ..
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
IOC ranked No.1 on India’s Fortune 500 list
According to the latest annual list of Fortune 500 companies in India published by business magazine Fortune, state-run Indian Oil Corp (IOC) is country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at ..
Month: Current Affairs - December, 2013
RBI proposes new capital rules for D-SIBs (banks too-big-to-fail)
To safeguard the financial system from any possible crisis situation where large financial institutions faltered due to loss of confidence in the financial system, the Reserve Bank of India (RBI) released the draft report to introduce increased capital requirements by ..
Month: Current Affairs - December, 2013
Charge for SMS alerts on actual usage basis: RBI to banks
The RBI, in its Second Quarter Review of Monetary Policy 2013-14, asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable. In March 2011, ..
Month: Current Affairs - November, 2013
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
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
Current Affairs: Top Headlines September 6, 2013
Iran to set free Indian tanker after 24 days of detention Iran ordered release of an Indian tanker detained by it for the past 24 days at its Bandar Abbas port after being seized in Persian Gulf while carrying crude ..
Month: Current Affairs - September, 2013
Category: Awards, Honours & Persons in News
Portal launched to facilitate RTI application filing in all Govt Ministries
The government has launched a portal which will facilitate citizens to file RTI applications online in all central government ministries and departments. The web address of the portal is www.rtionline.gov.in The portal is a step to provide greater transparency in governance through ..
Month: Current Affairs - August, 2013
Category: Science & Technology Current Affairs
No proposal to increase FDI ceiling in banks
The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..