DOWNLOAD PDFCURRENT AFFAIRS 2nd Jan., 2015
1. India's LIC International and Abu Dhabi -based First Gulf Bank are planning to introduce a unique co-branded credit card in the United Arab Emirates. It is first of its kind payment solution where the bank will provide a payment solution to the insurance issues for the policy holders.
2. Reserve Bank of India asked debt recovery tribunal to speed up the disposal of cases. The central bank is pushing for a better understanding of disputes between them and borrowers by the debt recovery tribunals.
3. HDFC Bank has clinched the top position in mobile banking transactions. It is followed by ICICI bank. According to RBI data, HDFC Bank has recorded a fivefold increase in mobile banking transactions between June and October 2014.
4. Reserve Bank of India has extended the deadline for submitting applications for small finance banks and payment banks to February 2. It has said that non-resident Indians (NRIs) can apply for payment and small finance banks provided they return to India permanently.
5. Reserve Bank introduced changes in external commercial borrowings (ECB) norms. Authorised money changing banks have been allowed to create a charge on securities.
CURRENT AFFAIRS 1st Jan., 2015
1. Government has split the post of chairman and managing director at public sector banks (PSBs). The finance ministry has named managing directors (MDs) and chief executive officers (CEOs) of four banks - Oriental Bank of Commerce, Indian Overseas Bank, United Bank of India and Vijaya Bank.
2. Telecom Regulatory Authority of India recommended a base price of Rs 2,720 crore a megahertz (MHz) for 2,100-MHz spectrum across the country (22 telecom zones). TRAIs recommendations will be deliberated by the Department of telecom and the Telecom Commission will decide the final price.
3. According to RBI data, the number of credit cards was 19.95 million at the end of October 2014. Banks appeared confident that this time the growth in credit card portfolios would not lead to deterioration in asset quality.
4. M Sathiyavathy is appointed as the Director-General of Civil Aviation. She replaces Prabhat Kumar who has been removed from the post within a year of his appointment.
5. Venture capital funds is planning to Rs5,000 crore in the social sector in 2015. These funds put money in companies that have the potential to usher in social change in the country and is also called impact investing.
1. India's LIC International and Abu Dhabi -based First Gulf Bank are planning to introduce a unique co-branded credit card in the United Arab Emirates. It is first of its kind payment solution where the bank will provide a payment solution to the insurance issues for the policy holders.
2. Reserve Bank of India asked debt recovery tribunal to speed up the disposal of cases. The central bank is pushing for a better understanding of disputes between them and borrowers by the debt recovery tribunals.
3. HDFC Bank has clinched the top position in mobile banking transactions. It is followed by ICICI bank. According to RBI data, HDFC Bank has recorded a fivefold increase in mobile banking transactions between June and October 2014.
4. Reserve Bank of India has extended the deadline for submitting applications for small finance banks and payment banks to February 2. It has said that non-resident Indians (NRIs) can apply for payment and small finance banks provided they return to India permanently.
5. Reserve Bank introduced changes in external commercial borrowings (ECB) norms. Authorised money changing banks have been allowed to create a charge on securities.
CURRENT AFFAIRS 1st Jan., 2015
1. Government has split the post of chairman and managing director at public sector banks (PSBs). The finance ministry has named managing directors (MDs) and chief executive officers (CEOs) of four banks - Oriental Bank of Commerce, Indian Overseas Bank, United Bank of India and Vijaya Bank.
2. Telecom Regulatory Authority of India recommended a base price of Rs 2,720 crore a megahertz (MHz) for 2,100-MHz spectrum across the country (22 telecom zones). TRAIs recommendations will be deliberated by the Department of telecom and the Telecom Commission will decide the final price.
3. According to RBI data, the number of credit cards was 19.95 million at the end of October 2014. Banks appeared confident that this time the growth in credit card portfolios would not lead to deterioration in asset quality.
4. M Sathiyavathy is appointed as the Director-General of Civil Aviation. She replaces Prabhat Kumar who has been removed from the post within a year of his appointment.
5. Venture capital funds is planning to Rs5,000 crore in the social sector in 2015. These funds put money in companies that have the potential to usher in social change in the country and is also called impact investing.
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