Current Affairs

GK MCQs Section

Page-14 of Financial services

Axis Bank ties up with Ahli United Bank for remittance

Axis bank, the 3rd largest private sector lender tied up with Bahrain’s Ahli United Bank for inward remittances. What does this tie up would bring in for customers...

May 30, 2012

Cabinet approves Micro Financial Sector (Development and Regulation) Bill, 2011

The Union Cabinet cleared the Micro Financial Sector (Development and Regulation) Bill, 2011, which will bring the microfinance industry under the regulatory ambit of RBI. As per the...

May 12, 2012

Pranab Mukherjee elected Chair of ADB Governors’ Board

Finance Minister Pranab Mukherjee elected as Chair of the ADB’s Board of Governors. The 46th yearly meeting of ADB (Asian Development Bank) will be held in India in...

May 9, 2012

Banks may need 5 lakh crore towards Basel III

In the wake of Basel III capital regulations declared by the RBI, the Indian banks would require Rs 3,90,000-5,00,000 crore capital over the next 6 years. As per...

May 6, 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...

March 7, 2012

Standard Chartered unveils “Breeze Banking in India”

Standard Chartered Bank unveiled Breeze Banking for India, becoming the first international bank to introduce a suite of customisable banking services incorporating internet, smartphone technology and social media....

January 9, 2012

Validity of cheques, drafts cut to 3 months

From April 1, 2012, the cheques and bank drafts will have a life of just three months instead of the earlier six months. RBI has recently issues a...

December 29, 2011

End of Regulated Interest Rates Era

Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator...

December 28, 2011

Universal Health Insurance Scheme India

At present India has Health Insurance scheme Rashtriya Swasthya Bima Yojna (RSBY), for people living below poverty line. The RSBM is restricted to the poor and for certain...

December 28, 2011

For Goa’s entire population: “Swarnajayanti Aarogya Bima Yojana” launched

Goa became the first state in the country to have launched “Swarnajayanti Aarogya Bima Yojana” providing health insurance cover for the entire resident population of the state  ICICI...

December 7, 2011

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