Finance: GK, General Studies and Current Affairs

SEBI’s norm for issuers of municipal bonds

On 12 Nov, the Securities and Exchange Board of India (Sebi) prescribed wider disclosures and compliances norms by the issuers of listed municipal bonds. As per the SEBI norms, listed entities should submit half-yearly unaudited financial results to the stock exchanges within 45 days of the end of the first half of the year and ..

Don Valentine, founder of Sequoia Capital passes away

Don Valentine (87), an American venture capitalist who founded Sequoia Capital, has passed away in Woodside, Calif. Valentine spent nearly 40 years working in Silicon Valley, and Sequoia Capital is widely credited with cementing California’s Bay Area as the tech powerhouse it is today.

Indian Overseas Bank launches an healthcare insurance policy in collaboration with Universal Sompo General Insurance Company Ltd

Public sector Indian Overseas Bank unveiled a healthcare insurance policy through online platform in association with Universal Sompo General Insurance Company Ltd. The policy offered on real time basis to customers at the branches of Indian Overseas Bank through integration of technology of the two institutions. The co-branded healthcare policy designed by Universal Sompo General ..

SBI launches contactless mobile phone payments facility

The SBI Card has  launched the ‘SBI Card Pay’ that allows contactless payment using mobile phones at PoS terminals. Using SBI Card Pay, customers can make contactless payments at Near Field Communication (NFC) enabled point of sale terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN. ..

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 ..