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Recent Banking Affairs 2016

Latest Bank Current Affairs 2016:

(Last 10 days Banking & Financial News):

  • RBS Helps Its Employees Effected with Chennai Floods: 

         The Royal Bank of Scotland (RBS) has set aside as special relief fund                   worth able Rs 20 Crore to support its employees who were badly affected            with Chennai floods.

  • PayTm Head Quarters: Noida.
  • Who is the head of the committee on the medium-term path on financial inclusion? Deepak Mohanty.
  • Which is the 2nd largest private sector bank in India? HDFC Bank.
  • Which is the 1st largest private sector bank? ICICI Bank.
  • FIPB (Foreign Investment Promotion Board) cleared the FDI proposals of over Rs. 1810 Crore value.
  • Securities and Exchange Board of India (SEBI) had cancelled the Sahara Asset Management Company’s registered order for the portfolio manager.
  • AIBEA – All India Bank Employees Association. AIBEA General Secretory- C.H. Venkatachalam.
  • IDBI Bank is planning to raise funds over Rs. 3771 Crore through QIP (Qualified Institutional Placements).
  • REITs (Real Estate Investment Trusts): To ease the path to raising funds SEBI has also issued new norms to REITs.
  • TRAI Chairman – R.S. Sharma.
  • 300 million defective Rs.1000 notes: RBI cautioned the banks to replace the defective notes of Rs.1000.
  • Rupee the No.1 Currency: Rupee became one of the best currency of Asian currencies in 2015.
  • With Delhi-Meerut expressway worth Rs. 7566 crore expecting to make free from pollution.
  • RBI fixed the base rate as 9.45% for all Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions.
  • Cheque Truncation System (CTS): RBI decided to clear govt. cheques through CTS without their physical movement for faster clearing of cheques.
  • Recently Bank of Baroda set up its social presence through its facebook and twitter pages to get back its reputation recently hit with 6100 crore remittances scam.
  • PNB MD – Usha Ananta Subramanian has inaugurated its digital banking solutions by upgrading its mobile apps and by providing green PIN facility.
  • Jammu & Kashmir Bank recently reached its target of launching 1000 ATMs all over the country.
  • Changes in PSU Banks Recruitment for hiring Junior level Clerical Posts: Finance Ministry and PSU Banks are planning to discontinue the interviews by strengthening written exam pattern for junior level clerical posts.
  • Reserve Bank of India (RBI) the central apex bank inflicts one crore rupees penalty on State Bank of Travancore (SBT) for disobeying some of its instructions.
  • CRLIC – Central Responsibility of Information Large Credits.
  • Hike on Tax Deduction Limit: The government hiked the tax deduction limit for long term savings to 2.5 lakhs and previously it was 1.5 lakhs.
  • New COO of WIPRO: The 3rd biggest IT giant – Wipro  has  appointed its new Chief Operating Officer (COO) – Abid Ali Neemuchwala

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