Page-30 of Banking Current Affairs
Pradhan Mantri Mudra Yojana crosses loan targets
Loans disbursed under the Pradhan Mantri Mudra Yojana (PMMY) have crossed its target of Rs 1.8 lakh crore in the financial year 2016-17. Loans extended currently stands at Rs 1.80,087 crore. Of this, a majority of the loans were awarded ..
Month: Current Affairs - April, 2017
Align pay in PSBs to that in CPSEs: BBB
The Bank Board Bureau (BBB) has recommended that Government should bring in reforms in the compensation process in public sector banks (PSBs) on the lines of Central Public Sector Enterprises (CPSEs). BBB has suggested compensation reforms in PSBs so that ..
Month: Current Affairs - April, 2017
RBI keeps repo rate unchanged in first monetary policy review of 2017-18
The Reserve Bank of India (RBI) in its first bimonthly monetary policy review of the financial year 2017-18, has kept the key policy rate, the repo rate unchanged, but raised reverse repo rate by 25 bps to 6%, from 5.75%. ..
Month: Current Affairs - April, 2017
RBI Board clears proposal to introduce Rs 200 notes
The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs200 denomination. The decision was taken at the RBI board meeting held in Mumbai in March 2017. The process of printing the new ..
Month: Current Affairs - April, 2017
Five State Banks, Bharatiya Mahila Bank merge with SBI
Five associates and the Bharatiya Mahila Bank have officially merged with country’s largest lender State Bank of India (SBI). With this merger, SBI joins the league of top 50 banks globally in terms of assets. The five associate banks are: ..
Month: Current Affairs - April, 2017
Government lowers interest rates on Small saving schemes by 0.1%
The Union Finance Ministry has lowered interest rates on all nine small saving schemes by 0.1% for the April-June quarter as compared to January-March quarter. These schemes includes Public provident fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra, Sukanya ..
Month: Current Affairs - March, 2017
Cabinet approves amendments to NABARD Act, 1981
Union Cabinet has approved proposal for amending National Bank for Agriculture and Rural Development Act, 1981. Decision in this regard was taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet Approvals Amendments in ..
Month: Current Affairs - March, 2017
29 lakh debit cards subjected to malware attack: Government
The Union Government has announced that total of 29 lakh debit cards were subjected to malware attack in through ATMs that were connected with the switch of Hitachi. It was announced by Union Minister of State (MoS) for Finance Santosh ..
Month: Current Affairs - March, 2017
CBDT inks 10 more Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 10 more Advance Pricing Agreements (APAs) pertaining to various sectors of economy like Telecom, Banking & Finance, Pharmaceutical, Steel, Retail and IT etc It includes 7 Unilateral APAs, 2 Bilateral ..
Month: Current Affairs - March, 2017
RBI sets up inter-disciplinary standing committee to review cyber threats
The Reserve Bank of India (RBI) has set up of an inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The 11-member committee will be headed by Meena Hemchandra, RBI Executive Director. ..