IBPS

RBI’s Monetary Policy Review: RBI Hikes Repo Rate to 6.25%

June 6, 2018

On June 6, 2018, the six members Monetary Policy Committee (MPC) of RBI has decided to hike Repo (short term lending rate) to 6.25% from 6.00%. As per the second Bi-monthly Monetary Policy Statement, the current policy rates of RBI ..

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Google's Rajan Anandan Appointed Chairman of IAMAI

May 26, 2017

Google’s vice-president for South East Asia and India, Rajan Anandan has been appointed as the new chairman of Internet and Mobile Association of India (IAMAI). Rajan will succeed  FreeCharge’s co-founder and chief executive officer Kunal Shah. The other new office bearers ..

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Tata Group Named Country's Most Valuable Brand in Brand Finance List

May 18, 2017

Brand finance in its 2017 report that lists India’s 100 most valuable brands has named Tata Group as the most valuable brand in India at an estimated brand value of $13.1 billion. Brand Finance is a global brand valuation and strategy consultancy firm. Tata ..

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India's GDP Growth Forecast for 2017 Revised Downward by UN

May 17, 2017

In the report titled, World Economic Situation and Prospects, the UN has projected a 7.3% growth for India in 2017. Earlier in the report’s January edition, UN had forecasted a growth of 7.7% for the year. The revised report also has ..

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Forex Reserves reach Life-Time High of $375.71 billion

May 13, 2017

According to RBI, India’s foreign exchange (Forex) reserves have increased by  $2.985 billion to touch a lifetime high of $375.71 billion in the week that ended on May 5. The increase was due to increase in foreign currency assets (FCAs). The reserves had increased by $2.474 ..

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Taranjeet Singh becomes New Country Director of Twitter

May 10, 2017

Twitter has elevated Taranjeet Singh as its Country Director for India. Prior to this appointment, Singh was responsible for sales and marketing support for Twitter’s advertisers in India. Before joining twitter, Taranjeet Singh held various positions at BBC Advertising and Outlook Publishing etc. India is among the lucrative social media markets ..

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Heads of 7 PSU Banks Appointed

May 6, 2017

In a major restructuring in the banking sector, Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi appointed heads of seven public sector banks besides shifting managing directors of PNB and Bank of India. PNB Managing Director ..

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RBI tightens Rules for JLFs

May 6, 2017

The Reserve Bank of India (RBI) has tightened the rules around making the Joint Lenders’ Forum (JLF) more effective, directing banks not to break any rules and to meet all deadlines. The RBI has said that any breach of rules ..

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Union Cabinet clears Ordinance to tackle Bad Loans

May 4, 2017

The Union Cabinet has cleared an ordinance that seeks to amend the Banking Regulation Act to give more powers to Reserve Bank of India to deal with non-performing assets (NPAs) in the banking sector. The ordinance has been sent to ..

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Andhra Pradesh CM Chandrababu Naidu selected for USIBC Award

May 2, 2017

The US-India Business Council (USIBC) has selected Andhra Pradesh Chief Minister, Chandrababu Naidu for the ‘Transformative Chief Minister Award’ for his role in advancing the US-India partnership at the state level. The award will be presented to him at the ..

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