Wednesday, 8 February 2017

Banking & Economic Affairs for Bank Exams



Banking & Economic Affairs for Bank Exams

v      100 banks join National Financial Switch network as direct members
v      2017 World Economic Forum (WEF) annual meeting Held in Davos, Switzerland
v      Abu Dhabi banks to merge into largest Gulf Arab bank
v      Alibaba becomes worldwide Olympic partner through 2028
v      Alibaba to soon open first India office in Mumbai
v      Alibaba's financial arm acquires MoneyGram
v      Amazon Launches Its Startup Program ‘Launchpad’ In India
v      Apple named most innovative company of 2016
v      Au Financiers gets final nod to start small finance bank operations
v      Axis Bank becomes third lender to offer block chain service
v      Bank of Maharashtra Adopts Village in Sangli
v      BI waives MDR(Merchant Discount Rate) charges for small merchants for one year
v      Black rights activist Viola Desmond to be 1st Canadian woman on $10 bill
v      BoB---first National Supporter for the FIFA U-17 WC 2017
v      BookMyShow acquired Online Movie Ticket Platform MastiTickets
v      BSE IPO is open now
v      BSNL to connect 1500 gram panchayats through OFC(Optical Fibre Cable ) in 2017
v      Canara Bank launches prepaid card
v      CCI imposed penalty of 206 crores on 7 cement companies for bid-rigging and cartelisation
v      Central & SBI Card launch premium co-branded card
v      Citi Bank India introduced voice biometrics authentication system for its phone banking
v      Cop. banks cannot accept deposits under PMGKY(Pradhan Mantry Garib Kalyan Deposit Scheme.)
v      DCB Bank launches its own mobile wallet Cippy
v      'DigiShala', new 24-hour government TV channel for cashless lessons
v      EPFO mandatory AADHAR for its pensioners
v      EPFO---8.65% interest
v      Federal Bank partners with Spice Digital for E – Collection Service
v      First cashless bazaar---in Raipur
v      Future Generali India Insurance Company (FGII)--bancassurance tie-up --BOM
v      GAAR ready to take off on April 1,2017
v      GoI launched Varishtha Pension Bima Yojana 2017, to be implemented through Life Insurance Corporation of India (LIC).
v      Google joins hands with India’s Ministry to protect consumer interest online
v      Government made Aadhaar Card mandatory for workers in rural areas enrolled under MGNREGA.
v      Government to launch helpline number '14444' for digital payments support
v      Government to sell 51% stake in Pawan Hans
v      Government will roll out Trade Infrastructure for Export Scheme (TIES) to boost export infrastructure
v      Govt to launch Aadaar Payment App to simplify digital transactions
v      GST roll out likely from July 1
v      Gujarat Is top in cashless
v      HDFC Bank helps TN temples to go digital
v      HDFC Bank launched chatbot service OnChat to allow users to make payments through Facebook Messenger.
v      HDFC Bank launched Humanoid Ira
v      HDFC Bank to deploy 20 humanoids in its branches in next 2 years
v      HPCL, GAIL ink pact with Andhra Pradesh govt for Rs 40k-crore project
v      ICICI Bank partners Twitter for better customer experience
v      ICICI----eazypay
v      IDFC Bank launches aadhaar-linked cashless merchant solution
v      India gets maximum FDI from Singapore
v      India inks financing pact with World Bank for $48 million---'Nagaland Health Project'.
v      India inks Rs 5,000 crore deal with US for 145 M777 howitzers
v      India---ASEAN--$100 billion trade to be achieved by 2020
v      Indian Railways---SBI----10000 POS
v      India's largest start-up incubator to be set up at Hubballi
v      INS Vikramaditya: First to be installed with ATM
v      IOC, BPCL, HPCL join hands to set up India's biggest oil refinery
v      IRDAI okays Swiss Re move to open Mumbai branch
v      Karnataka Bank, Tirth Agro Technology sign Mou on agricultural mechanization
v      Karnataka Vikas Grameen Bank launches ‘Bank Sakhi’ scheme
v      Kerala Gramin Bank launched FI@School Program to propagate financial literacy among school children
v      Kerala’s Nedumkayam tribal colony to be country’s first digital colony
v      KGB to propagate financial literacy among school children
v      KPMG, Microsoft join hands to boost digital transformation
v      Kwality partners Bank of Baroda for Rs 4000 crore loan to farmers
v      Lloyd's gets final approval from IRDAI to open branch in India
v      Maharashtra to roll out its own ‘Mahawallet’
v      MakeMyTrip accquired Competitor IBIBO
v      Ministry of Commerce and Industry (MOCI) launched mobile application named SEZ India
v      MMTC to tie-up with SBI to sell govt minted 'Indian Gold Coin'
v      MobiKwik gets RBI nod to accept payments for utility,convenience bills
v      NRI allowed old 500,1000 rupee notes exchant at RBI till 30 june 2017
v      Online marketing platform Mahila E-haat ties up with India Post, SBI
v      Payjo to launch banking robots in India with Yes Bank and RBL
v      Paytm Launches Offline Money Transfer With Toll Free Number---- 180018001234
v      Paytm--‘Each one, teach one’
v      PM Narendra Modi launches UPI based mobile payment app called BHIM((Bharat Interface for Mobile)
v      PNB launched Contactless Credit Card - Wave N Pay
v      PNB launches Contactless Credit Card
v      PNB launches Mobile Wallet – PNB KITTY
v      PNB, India Post Bank team up
v      RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-operative Bank
v      RBI prohibits investments in 'non-cooperative countries'
v      RBI raises Market Stabilisation Scheme limit to Rs. 6 lakh crore to manage liquidity
v      RBL Bank launches Aadhaar-based disbursment of mirco loans
v      Ruchi Soya Industries to provide banking assistance to farmers
v      Russian Railways to help India get trains faster
v      RXIL gets RBI nod for 1st trade receivables exchange platform
v      SBI adopts a village to make it cashless ---Shirki,Maharastra
v      SBI wealth management product launched in Kochi
v      SBI---BSNL----MobiCash
v      Sebi cuts brokers’ turnover fee by 25%
v      SIDBI-LIC tied for providing capital support to MSME
v      South Indian Bank unveils mobile banking app for NRIs--SIB Mirror+
v      Suryoday Small Finance Bank Limited commences operations
v      Uber to launch food (UberEATS) delivery app in India
v      Utkarsh Small Finance Bank Limited commences operations
v      V K Sharma appointed LIC chief for 5 years
v      VG Kannan appointed CEO of IBA
v      Vodafone India signed MoU with West Bengal government to invest 3,000 crore
v      World Bank sanctions Rs 1,376 crore for Tripura power upgradation
v      YES Bank launched unique Customizable Savings Account
v      Yes Bank launches---SIMsePAY
v      YES Bank---Ola---cash at your doorstep


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