Dear Aspirant, Since Banking awareness is a major topic in most of the banking selection exams and in further rounds of interview. I have provided a collection of most important Banking and financial news of 2013. I hope it will be very useful for your upcoming IBPS PO and Clerical exams. Ill also post important government schemes tomorrow. Also read that and save a copy of the same to crack the General Awareness section of IBPS exam. 1. Deutsche Bank has become the first bank in India to use the Reserve Bank of India (RBI)’s window to swap fresh foreign currency non-resident (bank), or FCNR (B), dollar funds. It has raised about $450 million FCNR (B) deposits from about 10 non-resident Indians and swapped it with the central bank 2. YES Bank has become the first bank to raise $ 225 million funds overseas using the swap loan facility provided by the Reserve Bank of India (RBI) . The private sector lender raised $255 million ($180 million and €58 million) by way of dual currency, multi-tenor syndicated loan facility. 3. Canara Bank and Apollo Munich Health Insurance (AMHI) have entered into a bancassurance tie-up. This is the first such tie-up for the insurance company in its six years of existence. Bancassurance is distribution of insurance products through a bank’s network. 4. In September 4, RBI had announced a swap window to attract FCNR (B) dollar funds. Accordingly, it has been decided to offer such a window to banks to swap fresh FCNR (B) dollar funds, mobilized for a tenure of at least three years, at a fixed rate of 3.5% a year for the tenure of the deposit,”. 5. World Bank lowers 2013 growth forecast for East Asian developing countries to 7.1% 6. WTO lowers growth projection for world trade in 2013 to 2.5% against 3.3 per cent projected in April and 4.3 per cent earlier in the year 7. Own Your NPA’ campaign launched by IDBI: In a bid to speedily recover Non-Performing Assets (NPA), the IDBI Bank has launched a campaign named ‘Own Your NPA’. 8. Tata Communications Payment Solutions Ltd (TCPSL), a wholly owned subsidiary of Tata Communications Ltd, today inaugurated Indicash ATMs in Mysore. 9. Financial Stability Board (FSB): FSB is an international body which was established after the 2009 G-20 London summit in April 2009 as a successor to the Financial Stability Forum. Note: i. FSB work is to coordinate at the international level the work of national financial authorities and international standard-setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies. ii. The Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and the Ministry of Finance are the members of FSB from India. 10. China launched its first direct bank, a new mode of providing online banking services without any entity outlets. The direct bank has been launched by the Bank of Beijing in co-operation with the Netherlands-based ING Group. Note: i. A direct bank is a bank without any branch network that offers its services remotely via online banking and telephone banking and may also provide access via ATMs (often through interbank network alliances), mail and mobile. 11. According to the budget announcement for the financial year 2013 the Technology Up gradation Fund Scheme (TUFS) will remain continue during 12th Plan period with a major focus on power looms. The total budget outlay for continuation of the scheme will be about 11900 crore rupees, out of which 2400 crore rupees have been allocated for the financial year 2013-14. 12. According to the latest data released by the CSO (Central Statistical office) the GDP growth of India during first quarter of the fiscal year 2013-14 dropped to 4.4 per cent, lowest in 4 years. 13. As per the latest data released by the National Sample Survey office it has said that poorest of poor in the country survive on barely Rs 17 per day in villages and Rs 23 a day in cities. 14. Bhartiya Mahila Bank proposes to complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore & Guwahati. Headquarter at New Delhi and likely to operational by November this year. 15. CRISIL cut India GDP growth to 4.8% for the current fiscal. 16. Andhra Pradesh Grameena Vikas Bank (APGVB) has opened about 1.5 lakh no-frills accounts in eight districts of the State on a single day as part of Direct Benefit Transfer (DBT) initiative. 17. Central Bank of India and Suvidhaa launched a prepaid (Channel) card for retailers that will enable people to pay their utility bills, taxes and book tickets by going to the nearest Suvidhaa outlets. 18. ICICI Bank Ltd, India’s largest private sector bank, has launched ICICI Bank Carbon in partnership with Visa. 19. SBI launches pre-paid card for for blue collar employees and students named State Bank of India smart payout card. i. The new product will bring a large number of workers, contract labourers and dependent family members, who dont have access to the basic banking facilities within the ambit of financial inclusion. ii. The pre-paid card can be loaded with Rs 10,000 at a time with a monthly cap of Rs 25,000. iii. This can also be used as an add on card for the existing account holders. iv. The bank will charge Rs 102 as fees for issuing the card with a validity of 10 years. v. This card can be used by students, who normally carry the debit cards of their parents while studying outside of their native place, Also, employers can give such cards to their workers for salary payment. 20. Indian banks would need Rs 3,90,000-5,00,000 crore capital over the next six years in the wake of Basel III capital regulations announced by the RBI. 21. The Bank International Indonesia (BII) launched its operations in India by opening a branch in Mumbai. 22. State Bank of India, in partnership with a non-banking finance company, UAE Exchange and Financial Services, has launched a card which will enable the holder to receive the remittance directly on the card. The card State Bank Xpress Money Card can be loaded with up to Rs 50,000. A maximum of 30 remittances can be loaded during a calendar year.Prepaid cards are beneficial to customers as there is no need to open a bank account in State Bank of India. 23. Axis Bank launched co-branded credit card that offers a blend of insurance and a number of travel benefits for international frequent flyers, available in 2 versions, viz. World Select and World. 24. ICICI Bank, the country’s largest private sector bank, launched its ‘Branch on Wheels’ to offer basic banking services in remote areas which have so far been devoid of banking facilities. https://facebook/pages/Vidyasagar-Institute-of-Banking/154187824772655
Posted on: Sun, 17 Nov 2013 14:09:33 +0000
Trending Topics
© 2015