Scheduled Commercial Banks in India

The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major ..

Six Indian women among Forbes' 50 'Power Businesswomen' 2015

Six Indian women entrepreneurs and businesswomen have been named by Forbes magazine as among the 50 ‘Power Businesswomen’ from Asia. Indians included in the list are Arundhati Bhattacharya- Chairperson of State Bank of India (SBI).  Forbes list referred her as the ..

Month: Current Affairs - February, 2015

State Bank of India and Indian Army signs MoU on Defence Salary Package

State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with Indian Army on the Defence Salary Package (DSP). Signed MoU is revised version of the first MoU which was signed on DSP between two parties in 2011 and ..

Month: Current Affairs - February, 2015

RBI to designated six bas as Systemically Important Banks (SIBs)

The Reserve Bank of India will designate at least six banks as Systemically Important Banks (SIBs), for the domestic financial market which will need to have higher capital than other banks to prevent the financial system from collapsing in the ..

Month: Current Affairs - July, 2014

54 Indian companies among Forbes ‘Global 2000’

In the latest released Forbes ‘Global 2000’ list, Mukesh Ambani-led Reliance Industries leads the set of 54 Indian companies in the annual list of the world’s 2000 largest and most powerful public companies. The top three positions of the list is ..

Month: Current Affairs - May, 2014

RuPay, India’s indigenous card payment network launched

Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help in bringing down cash transactions. The RuPay is a blend of two ..

Month: Current Affairs - May, 2014