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Page-75 of Topic: IBPS

RBI imposed restrictions on intra-group investment by banks

In a bid to mitigate the financial risk from concentration of business, the Reserve Bank of India (RBI) imposed curbs on banks investing in their group companies.  Objective...

February 16, 2014

Mr. Jatinder Bir Singh: Appointed as a new CMD of Punjab and Sind Bank

Mr. Jatinder Bir Singh appointed new Chairman and Managing Director of Punjab and Sind Bank (PSB). He succeeded Mr. D.P. Singh. Previously, Mr. Singh was an Additional Secretary in...

February 16, 2014

Sikkim: India’s first state to achieve 100% sanitation coverage

As per the report released by the Union Ministry of Drinking water and Sanitation, Sikkim became the only state in India to achieve 100% sanitation in rural and...

February 16, 2014

RBI allowed FIIs to purchase 30% shares in Dabur

The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital. FIIs have...

February 16, 2014

“SMSS J031300.36-670839.3”: Oldest known star in the Universe discovered

The astronomers led by Dr Stefan Keller of the Australian National University (ANU) have discovered the oldest known star, SMSS J031300.36-670839.3, in the Universe, which formed shortly after...

February 16, 2014

Production of iconic Maruti 800 stopped by Maruti Suzuki India Ltd (MSIL)

Maruti Suzuki India Ltd (MSIL) stopped production of the iconic Maruti 800 car brand that had been the carrier for millions of Indian middle-class families. As per the...

February 13, 2014

Google doodle celebrated Sarojini Naidu's 135th birthday or National Women's Day of India

The search giant, Google marked the 135th birth anniversary of freedom fighter and poet Sarojini Naidu with a doodle. The doodle on the search giant’s homepage displayed a...

February 13, 2014

RBI released draft Report on Enabling PKI in Payment System Applications

The Reserve Bank of India (RBI) released draft report on enabling Public Key Infrastructure (PKI) in payment system applications. Public Key Infrastructure enabled electronic payment systems that has...

February 12, 2014

National Green Tribunal (NGT) bans on burning tyres in Public Places

The National Green Tribunal (NGT) banned the burning of tyres at public places viz. roads, areas surrounded by residential buildings and also during protests by political and religious groups, as...

February 12, 2014

Chip-and-PIN cards

With an aim to minimize frauds, RBI has mandated that Banks must adopt Aadhaar as additional authentication or move to EMV (Euro pay MasterCard Visa) chip and pin...

February 9, 2014

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