Banking GK

March 16, 2015

Current Targets in Priority Sector Lending

As of March 2015, the domestic banks and foreign banks with 20 and more branches have to disburse 40% of the Net Bank Credit (NBC) to Total Priority sector,

March 20, 2013

Current Repo Rate

Repo Rate, or repurchase rate, is the rate at which RBI lends to banks for short periods. This is done by RBI buying government bonds from banks with an

July 29, 2012

SEBI allows online subscription of bonds

SEBI gave its nod for online subscription of bonds.  Objective: To cut the timeline for completion of the process. In order to provide a mechanism to decrease the timelines

July 27, 2012

EPFO offers e-pass book to subscribers

The Employees’ Provident Fund Organisation (EPFO) is offering e-passbook facility to its subscribers. Over 50 million of the subscribers can avail e-passbook along with details of their updated accounts