Page-2 of Public Sector Banks Current Affairs, GK & News
GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters
The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth rate since the final quarter of 2012-13. The further decline in the GDP during the ..
Category: Economy & Banking Current Affairs
Topics: credit growth • credit outflow • GDP • Investments • lending rate • manufacturing sector • Public Sector Banks • Real Estate • Reserve Bank of India
India-US Economic and Financial Partnership Meeting held
The 7th India-US Economic and Financial partnership meeting was held in New Delhi. It was Co-chaired by Finance Minister Nirmala Seetharaman and US Secretary Steven T Minuchin. The leaders took efforts to improve mutual cooperation on wide range of multilateral subjects. It included combating financing of terrorism and anti-money laundering. Highlights India and US discussed ..
Month: Current Affairs - November, 2019
Category: International Current Affairs
Topics: Economic development • Finance Ministry • foreign funds • India-US • Indo- US Investment Initiative • nirmala sitaraman • Public Sector Banks • Smart city
Merger of Public Sector Banks
The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender. Canara Bank and Syndicate Bank will merge. Union Bank ..
Topics: Allahabad Bank • Bank of Baroda • Canara Bank • Companies • Dena Bank • Economy of India • Financial services • Indian Overseas Bank • Mega Merger of Banks • National bank • Public Sector Banks • Public Sector Banks in India • State Bank of India • Syndicate Bank
Merger of the 10 Public Sector Banks
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger of 10 public sectors into 4 banks. The anchor banks for this merger will be ..
Topics: Bank of Baroda • Banking • Canara Bank • Central bank • Central Bank of India • Economy of India • Financial services • Indian Economy • Mega Merger of Banks • National bank • Public Sector Banks • Public Sector Banks in India • State Bank of India • Syndicate Bank
Scheduled Bank Status in India
The Bengaluru-headquartered small scale bank Jana Small Finance Bank Limited has received the status of a Scheduled Bank. What are Scheduled Banks of India? The Scheduled Banks are the banks which are included in the Second Schedule of Reserve Bank of India Act, 1934. The Reserve Bank of India includes the banks in Second Schedule ..
Topics: Banks • Financial Institution • Public Sector Banks • RBI • SBI