May 20, 2018

Banking awareness for SBI, IBPS, RBI, SSC, UPSC exams  #25

Banking awareness for SBI PO, IBPS PO, RBI grade B officers, SSC CGL and UPSC civil services exams

Banking awareness for SBI PO, IBPS PO, RBI grade B officers, SSC CGL and UPSC civil services exams
  1. Prompt corrective action is a mechanism that will be forced by the Reserve Bank of India up on banks that shows sign of stress.
  2. GDR = Global depositary receipts.
  3. Global depositary receipt is a bank certificate issued in more than one country for shares in a foreign company.
  4. As per the Reserve Bank of India, ARCs must have the minimum net Corpus of rupees hundred crore by 2019.
  5. The minimum capital required for small finance bank is hundred crores.
  6. The minimum compensation offered under the banking ombudsman scheme is rupees 20 lacs.
  7. Cheque truncation system is a cheque clearing system undertaken by the Reserve Bank of India for faster clearing of cheques in 2010.
  8. The international Finance Corporation is an international financial institution that offers investment, advisory and Asset Management services to encourage private sector development in developing countries.
  9. The Government of India has changed CII base year from 1981 to 2001.
  10. Cash reserve ratio is the percentage of cash deposits that banks need to keep with the Reserve Bank of India on a fourth nightly basis.
  11. The headquarters of SIDBI is located at Lucknow.
  12. Payment banks are not permitted to issue loans and credit cards.
  13. The non Banking Finance Companies are allowed to accept or renew public deposits for a minimum period of 12 months and the maximum period of 60 months.
  14. The head office of Standard Chartered Bank is located in London, UK.
  15. Using SBI mingle, the bank customers can do a host of banking services on Facebook or Twitter accounts at their own convenience.

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May 6th 2018 - current affairs for SBI, RBI, SSC exams

May 2018 current affairs for SBI PO, RBI grade B officer, SSC CGL and UPSC exams

May 2018 current affairs for SBI PO, RBI grade B officer, SSC CGL and UPSC exams
  1. Korean unification flag was signed by members of the joint Korean women's table tennis team at the world team table tennis Championship.
  2. Border roads organisation which was established in 1960 will celebrate its 58 raising day on May 7th to mark the glorious services to the nation.
  3. Javelin thrower Neeraj Chopra has broke his own record by clearing a distance of 87.43 m to finish fourth at the Diamond league series.
  4. NASA has blasted of its latest Mars Lander, insight, designed to study the deep interior of the planet Mars which aims to expand human knowledge of interior conditions on Mars.
  5. As per TRA's brand trust report 2018, Patanjali, which was established in 2006, has left Behind brands like HUL and ITC to emerge as most trusted brand in the fmgc sector.
  6. According to a Harvard University report, India topped the list of the fastest growing economies in the world for the coming decade, projected to grow at 7. 9% annually ahead of China and USA.
  7. The researchers at Harvard University found India to be the best on complexity opportunity index, which measures how easy it is to be deployed existing know how to enter new complex products.
  8. A restored Dakota aircraft, which was popularly known as Gooney Bird has joined the Indian Air Force more than 4 decades after the flight was phased out following the illustrious service record.
  9. The Dakota aircraft was the first major transport aircraft inducted in the Indian Air Force. Restored Dakota is rechristened as Parasuram, will join vintage fly of one each of Tiger moth and Howard raised at Hindan Air Force Station.
  10. The Punjab government along with WWF-India are conducting the first organised Census of Indus dolphins, which is the national mammal of Pakistan and also one of the world's rarest mammals, which are found only in India and Pakistan.
  11. Pravasi Bharatiya Divas will now be celebrated every alternate year and a series of sessions will be held before the event to increase the interest of Indians living within and outside the country. The 15th Pravasi Bharatiya Divas will be held in Varanasi in January 2019.
  12. Vice president M venkaiah Naidu has left for a 5 day visit to South America's Guatemala, Peru and Panama, which will be the vice president first Overseas visit after assuming the office.
  13. Israel has withdrawn from the race against Germany and Belgium for two seats on United Nations Security Council in 2019-20.
  14. The five permanent members on the United Nation Security Council are Britain, China, France, Russia and USA.
  15. BJP MP Anurag Thakur and cricketing great Sachin Tendulkar has launched star Khel MahaKumbh at the dharmashala in Himachal Pradesh to attract participation of at least 100000 Youth from among 5000 villages and 800 panchayats.
  16. The president of the Asian Development Bank Takehiko Nakao has noted that India's growth in 2018 would pick up to 7.3% and also India will remain the fastest growing Asian nation with 7.6% growth in 2019-20.
  17. China launched a new communication satellite APSTAR - 6c at the southwestern xichang satellite launch centre, which will provide TV transmission, communication, internet and multimedia services to customers across the Asia Pacific region.
  18. Polling has began across Lebanon, Where voters are going to elect their Parliament for the first time in 9 years, as the Parliament extended its term twice since 2009 due to instability in neighbouring Syria.
  19. Britain's Royal Navy has taken the delivery of its first unmanned autonomous minesweeping system, which will restore the royal Navy's sweep capability, enabling it to tackle Modern Digital mines.
  20. Delhi will host 6 day long festival of Bharath between may 9th and may 14th as a 21st century tribute to the Majesty and depth of India Civilization which will be held at the Indira Gandhi National Centre for the arts in New Delhi.
  21. India has requested Asian Development Bank to expand its sovereign and non sovereign operations in the country by providing financial assistance worth 4 billion dollars a year.
  22. Government has set up a central body, national water Informatics Centre to maintain a comprehensive water resources data which will be a single window source of updated data on water resources in India.
  23. Veteran marathi singer Arun date who was the first recipient of the state governments Gajananrav Vatave Puraskar has passed away.
  24. North Korea has changed its time zone to match the south after last week's inter Korean Summit.
  25. XII informal meeting of SAARC finance ministers was held in Manila, the capital of Philippines on the sidelines of the 51st Annual meeting of Asian Development Bank.
  26. IAAF will scrap morning sessions at the 2019 world athletics championships in Doha, as well as introducing a mixed 4 X 400 m relay and midnight marathon.
  27. Sikkim is set to join the aviation network of the country, with the Pakyong airport in Gangtok, obtaining licence to start commercial operation.

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Current Affairs