♚♚♚ News Related to Banking & Finance : Very Important-1 ♚♚♚ 1. Govt. launch Jan Dhan scheme to promote financial inclusion: Prime Minister Narendra Modi launched Pradhan Mantri Jan Dhan Yojana to help the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs 1 lakh. /// Note:. The main features of the scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts , Ru Pay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank. 2. Bangladesh to join BRICS Bank: Bangladesh has decided to join the newly formed BRICS Bank, an initiative of the worlds five emerging economies - Brazil, Russia, India, China and South Africa. 3. Import duty of sugar hiked from 15 to 25 per cent. 4. ICICI Bank offers EMI on debit cards: ICICI Bank, the country’s largest private sector bank, has launched EMI (equated monthly installments) facility on debit cards to enable its customers to convert their high value transactions into easy installments. /// Note: ICICI bank is the first in the country to introduce this facility. 5. Inflation at 5-month low of 5.19 per cent in July. 6. HDFC Bank has opened a branch in Dubai to provide wealth management services to large Indian diaspora in the Gulf city. 7. According to a UN report Indian economy expected to grow by 5.5% in current fiscal. 8. The Securities and Exchange Board of India , SEBI has imposed a penalty of 13 crore rupees on Reliance Industries Limited for alleged irregularities in issuance of warrants by the company to its promoters. 9. ICICI Bank launches travel card for students : ICICI Bank, has announced the launch of the ‘ ICICI Bank Student Travel Card’, which enables students going abroad for higher studies to take care of their expenses. /// Note: ICICI Bank Student Travel Card is available in the dollar, pound, euro, Australian dollar and Canadian dollar. It is valid for three years and can be applied for from any foreign exchange-enabled ICICI Bank branch. Anyone, including non- customers, can apply for this card. 10. India Ratings & Research revised its FY15 gross domestic product (GDP) growth forecast to 5.7 per cent from its April 2014 forecast of 5.6 per cent. 11. The Supreme Court (SC) ruled that a complaint about a bounced cheque must only be filed at the place where the bank dishonoured it, settling doubts raised by its own earlier conflicting judgments on the jurisdiction of a magistrate. NANNU
Posted on: Thu, 18 Sep 2014 19:13:43 +0000
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