The ICICI Bank was originally established by ICICI Limited as a wholly owned subsidiary in 1994. Though, Industrial Credit and Investment Corporation of India (ICICI) was formed in 1955 as a joint-venture of the World Bank, the Government of India (GoI) and representatives of Indian industry. The principal objective was to create a development financial ..
Chanda Kochhar: GK, General Studies and Current Affairs
Radhakrishnan Nair, the former IRDAI member, has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years and is subject to shareholders’ approval. Nair has around 40 years of experience in the banking industry and in the field of securities and insurance regulation. He ..
The annual meeting of World Economic Forum (WEF) 2018 will be held in Davos, Switzerland from January 22. In the 5-day event, Prime Minister Narendra Modi will be the first Indian PM in 20 years to visit the World Economic Forum (WEF) in Davos. It was in 1997 when the then Prime Minister H D ..
Lt General Singh reviews exercise Sudarshan Shakti progress Lt General AK Singh, Southern Army Commander reviewed the field exercise “Sudarshan Shakti”. The exercise is presently underway in frontier desert areas of Rajasthan to test the operational effectiveness of the Pivot and Strike Corps of the Southern Army and validate certain new concepts which had emerged ..
Abbreviations:WADR : Weighted Average Discount RateWCTL : Working Capital Term LoanWEO : World Economic OutlookWGRFIS : Working Group on Future Role of Financial InstitutionsXBRL : Extensible Business Reporting LanguageXML : Extensible Markup LanguageYTM : Yield to Maturity National Updates:Padma Awards 2010Padma Awards, the country’s highest civilian awards, are conferred in three categories, namely, Padma Vibhushan, ..