BSE SENSEX: GK, General Studies and Current Affairs

Petroleum minister Dharmendra Pradhan visits oil field

The Sakhalin oil field in Russia is a prolific oil producing field like Bombay High. Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055. It is in news because the Union Minister of Petroleum and Natural Gas & Steel – ..

Supreme Court upholds definition of Adjusted Gross Revenue

The Supreme Court (SC) has recently upheld the definition of Adjusted Gross Revenue (AGR) calculation as stipulated by the Department of Telecommunications (DoT). As per SC ruling, the telecom companies will now have to pay up approx Rs 92,642 crore to the government, more than half of which are owed by Airtel and Vodafone. The ..

ICICI Bank launches new fixed deposit scheme ‘FD Health’

The ICICI Bank has launched a new Fixed Deposit (FD) scheme – FD Health that provides the customer a complimentary critical illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs 2 lakh to Rs 3 lakh for tenure of at least two years. For investors in ..

SBI becomes first Indian bank to have office in Australia’s Victoria

The State Bank of India (SBI) has opened its Melbourne office & became the first Indian bank to have a branch in the Australian state of Victoria. The Melbourne office will assist the growing trade and investment relations between Victoria and India and is the outcome of the state’s 10-year India Strategy – our shared ..

History of Banking in India

1. What are the ancient proofs of presence of banking system? Traces of information regarding existing of banking and financial system are found in India right from Vedic era to Buddhist, Mauryan, Satavahana, Sangam, Rajpoot, Sultanate as well as Mughal periods. The most ancient are the loan deeds of Vedic era called rnapatra or rnalekhya. 2. Which financial ..