SBI Current Affairs, GK & News

Hughes-ISRO satellite internet service

Hughes Communications India (HCI) and ISRO has jointly launched India’s first high-throughput satellite (HTS) broadband service. Key facts HCI – a joint venture company of US-based Hughes Network Systems and Indian telecom operator Bharati Airtel – launched the first high throughput satellite broadband internet service in India. This service would provide satellite internet to remote ..

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Forbes’ Global 2000 list of public companies

The 20th annual Forbes Global 2000 list of public companies was recently released. What is the list about? It is an annual ranking of the top 2000 public companies of the world by Forbes magazine. The companies are ranked considering four parameters: market value, sales, profits, and assets captured during the last 12 months ending ..

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RBI List of Scheduled Banks – Update

The Reserve Bank of India (RBI) recently included Airtel Payment Bank in the second schedule of RBI Act, 1934. And HDFC, ICICI and SBI are to remain as D – SIB. D – SIB is Domestic Systematically Important Banks. Criteria for a D – SIB The bank should belong to the category of CET 1. ..

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Domestic Systemically Important Banks (D-SIBs)

As per Reserve Bank of India (RBI), State Bank of India (SBI), HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), similar to 2020 list of D-SIBs. Highlights These three banks continue to be in the list, under the same bucketing structure as it was there in the 2020 ..

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Padmakumar M Nair named CEO of proposed bad bank

Padmakumar Madhavan Nair of State Bank of India has been appointed as the CEO of Bad Bank. The Bad Bank is a proposed entity of the National Asset Reconstruction Company (NARC). About Padmakumar Nair Current Mr Nair is serving as the Chief General Manager in charge of Stressed Assets of SBI. He has been holding ..

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SBI Payments launch of ‘RuPay SoftPoS’

National Payments Corporation of India (NPCI) in association with the SBI Payments have announce to launch the ‘RuPay SoftPoS’ for millions of Indian merchants. This technology will be helpful in transforming the NFC enabled smartphones into merchant Point of Sale (PoS) terminals for retailers. About RuPay SoftPoS With the help of RuPay SOftPoS system, the ..

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