Current Affairs

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Page-8 of Archives: April, 2016

Nodal Officer in Banking

The Nodal Officer in the banking sector is a designated senior official entrusted with centralised responsibility for coordination, compliance, grievance redressal, and regulatory liaison within a bank or...

April 27, 2016

No-Frills Accounts

No-Frills Accounts refer to simplified bank accounts designed to promote financial inclusion by enabling economically weaker sections of society to access formal banking services at minimal or zero...

April 27, 2016

Nomination Facility

The Nomination Facility is a statutory provision in the banking system that allows an account holder to appoint a person (nominee) who is entitled to receive the proceeds...

April 27, 2016

Non-Competitive Bidding (G-Secs)

Non-Competitive Bidding in Government Securities (G-Secs) is a specialised mechanism introduced to encourage wider participation of retail investors and small institutions in the government bond market. In the...

April 27, 2016

Non-Convertible Debentures (NCDs)

Non-Convertible Debentures (NCDs) are long-term debt instruments issued by companies to raise funds from the market, carrying a fixed rate of interest and a specified maturity period, without...

April 27, 2016

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit is a traditional term deposit product offered by banks and financial institutions in which interest is paid out at regular intervals instead of being...

April 27, 2016

Non-Deliverable Forward (NDF)

A Non-Deliverable Forward (NDF) is a cash-settled forward contract used in foreign exchange markets where the underlying currency is not physically delivered at maturity. Instead, settlement takes place...

April 27, 2016

Non-Official Directors

Non-Official Directors are members of the board of directors of banks and financial institutions who are not part of the executive management or government bureaucracy. In the context...

April 27, 2016

Lobsang Sangey re-elected as PM of Tibetan Government-in-exile

The Tibetan government-in-exile has re-elected Lobsang Sangey (48) as the Prime Minister for a second consecutive term. The election result was announced by the Tibetan election officials in...

April 27, 2016

Union Government makes panic button, GPS compulsory in all mobiles

The Union Government has made mandatory for mobile manufacturers to add in-built panic button and global positioning system (GPS) in all phones from January 1, 2017 and 2018...

April 27, 2016

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