Page-20 of Financial services
Regional Rural Banks
The nationalization of the banks in 1969 boosted the confidence of the public in the Banking system of the country. However, in the early 1970s, there was a feeling that even after nationalization, there were cultural issues which made it ..
Nachiket Mor Committee recommendations
The “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households” was set up by the RBI in Sep 2013 under the chairmanship of Nachiket Mor, an RBI board member. RBI released the voluminous and detailed Report of ..
CRR should be reduced: C Rangarajan
The Prime Minister’s Economic Advisory Council Chairman, C Rangarajan, has opined to reduce the use of CRR and suggested that it should be used only in extraordinary circumstances. As per him, the need for using it reduces with the option ..
Month: Current Affairs - September, 2012
RuPay cards will be acceptable at all PoS by January, 2013: NPCI
As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI ..
Month: Current Affairs - September, 2012
ICICI Bank to launch net banking services via ‘Facebook’
ICICI Bank will launch its services through social website ‘Facebook’ in order to expand its internet banking services. ICICI is among the first banks to start its online presence and facilitate non-cash transactions i.e. requests for cheque books, account statement ..
Month: Current Affairs - September, 2012
‘Jet Privilege-HDFC Bank Credit’: Jet Airways collaborates with HDFC Bank launches credit cards
What is “Jet Privilege-HDFC Bank Credit” ? Jet Airways tied up with the HDFC bank to launch ‘Jet Privilege-HDFC Bank Credit’. This is a range of credit cards which will offer benefits and rewards in the form of JP Miles. ..