Page-10 of Banking in India
Banks to Create “Unique Customer Identification Code”
The RBI has asked all banks to generate a Unique Customer Identification Code (UCIC) for each of their customers. Objective: The Unique Identification Code will fortify Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating the Financing Of Terrorism (CFT) ..
Month: Current Affairs - June, 2012
IBPS →CWE (PO/ Management Trainees-II) Recruitment 2012 Guide
The Institute of Banking Personnel Selection (IBPS) is going to conduct the 2nd Common Written Examination (CWE- PO/ MT- II) for recruitment of Probationary Officers/ Management Trainees post in 19 public sector banks of India. The tentative date of examination ..
Month: Current Affairs - March, 2012
Achievements of the Indian Banking System
Strong Fundamentals: The IBA-FICCI-BCG Report (August 2011), says that India’s Gross Domestic Product (GDP) growth will make the Indian banking industry the third largest in asset size in the world by 2025′. This report gives a very hopeful picture of ..
Month: Current Affairs - February, 2012
Homogeneous KYC Regulation norms by Nov’11
SEBI to come out by Nov’11 Homogenous norms for setting up a uniform Know Your Customer (KYC) Regulation Authority. It will relieve the burden comparable on the intermediaries as well as the common man, seeking to make investments. This mechanism ..
Month: Current Affairs - December, 2011
Current Affairs: November 29, 2011
Presidency University declared CIC Centre declared the prestigious Presidency University the first Cluster Innovation Centre in eastern India. The National Innovation Council has envisaged Cluster Innovation Centres (CIC) as focal points to promote innovation in and around the university system. ..
Month: Current Affairs - November, 2011
National Financial Switch
With a view to inter-connect the ATMs in the country and facilitate easy banking for the common man, the Institute of Development and Research in Banking Technology (IDRBT), Hyderabad conceptualized, developed and implemented the National Financial Switch. The National Financial ..