Page-4 of SBI Current Affairs, GK & News
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 ..
The Reserve bank of India has made a few changes in the banking sector. These include the removal of the minimum balance penalty charges by the banks. Also, the need to seed & link bank accounts with AADHAR has been discussed. What has happened? The commercial banks will now not be able to charge any ..
The Reserve Bank of India (RBI) has imposed stiff financial penalties on the State Bank of India(SBI) and the Union Bank of India (UBI) for the violation of specific RBI Regulatory violations. While SBI was fined a significant sum of Rs 7 crores, UBI got away with a smaller fine of Rs 10 lakh. Why ..
The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20 crore and Rs 1,450 crore respectively. Disinvestment by RBI The decision to divest its entire stake was taken based on the recommendations of the second Narasimham Committee. ..
Category: Economy & Banking Current Affairs
State Bank of India has inked an agreement with Bank of China to intensify business interactions between both the lenders. Under this pact, both SBI and Bank of China will gain direct access to their respective markets of operation. It will also facilitate the clients of both the banks to access banking products and services ..