Topic: IBPS
RBI’s Monetary Policy Review: RBI Hikes Repo Rate to 6.25%
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...
Google's Rajan Anandan Appointed Chairman of IAMAI
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...
Tata Group Named Country's Most Valuable Brand in Brand Finance List
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...
India's GDP Growth Forecast for 2017 Revised Downward by UN
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...
Forex Reserves reach Life-Time High of $375.71 billion
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...
Taranjeet Singh becomes New Country Director of Twitter
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...
Heads of 7 PSU Banks Appointed
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...
RBI tightens Rules for JLFs
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...
Union Cabinet clears Ordinance to tackle Bad Loans
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...
Andhra Pradesh CM Chandrababu Naidu selected for USIBC Award
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... RBI asks ARCs to have a minimum net corpus of Rs100 crore by 2019
The Reserve Bank of India (RBI) has asked all the existing asset reconstruction companies (ARCs) to have a minimum net owned fund (NOF) of Rs100 crore by March...
