LAST DAY PREPARATION FOR SYNDICATE BANK -2 ******************************************************************** 11. International Day for the Elimination of Violence against Women observed across the world on 25 November 2014.i. The campaign called Orange Your Neighborhood to raise awareness against Gender-Based Violence will be held from 25 November to 10 December 2014. ii. The campaign is part of Secretary-General Ban Ki Moons campaign UNiTE to End violence against Women. 12. Lahore-based author Bilal Tanweer on 24 November 2014 won the 2014 Shakti Bhatt First Book Prize for his novel The Scatter Here Is Too Great (Random House India). 13. West Bengal Governor Keshari Nath Tripathi was appointed as Governor of Bihar Housing finance company DHFL announced to name Shah Rukh Khan as its brand ambassador. 14. China beats India in November FII inflows: HSBC i. According to the global financial services major, after two consecutive months of sell-offs, FIIs have warmed up to Asian equities and all markets have received positive flows in November as the region recorded net inflows of $5.3 billion, out of which India attracted $1.4 billion. ii. Among Asian economies, China regained the top position as the ‘most loved’ market, pushing India down to second position in the region, while Thailand was placed at the third spot. 15. Modi proposes SAARC business traveler card i. Prime Minister Narendra Modi on Wednesday proposed a SAARC business traveler card 3-5 years for making it easier for traders and merchants in the region to travel and access one another’s markets. 16. State Bank of India to launch Islamic equity fund i. State-owned bank will launch an Islamic equity fund next month aimed primarily at the countrys 170 million Muslims. SEBI recently allowed the government-owned State Bank of India BSE 0.41 % and three mutual funds to launch Sharia funds. Note: India is only the second country outside the Islamic world where a state-owned bank is offering a Sharia-compliant fund. The U.K. issued sovereign Islamic bonds in June. 17. Kotak Mahindra Bank is the first bank to fully own an insurance business i. Kotak Mahindra Bank BSE 0.07 % on Tuesday became the first bank to get the Reserve Bank of Indias (RBIs) permission to set up a wholly-owned non-life insurance company. ii. The bank is already the promoter of a life insurance company in partnership with Old Mutual of South Africa. Note: i. RBI guidelines allow a bank to hold max 50 per cent in insurance joint venture. However, RBI allowed some exceptions, like SBI and ICICI Bank. In both these partnerships, the banks hold 74 per cent. ii. Kotak General Insurance will be the 29th non-life company in the country. The last non-life insurer to get permission from the regulator was Cigna TTK — a health insurance company. iii. The last company to set up a full-fledged general insurance business was Liberty Videocon General Insurance. 18. Canara Bank has signed a memorandum of understanding with Micro Energy Credits Corporation to finance bank customers buying energy efficient ‘green’ products such as cook stoves, solar home systems, biogas digesters and water purifiers. The partnership has identified Chitradurga district in Karnataka to promote such green products on a pilot basis. 19. The Lok Sabha today passed the Delhi Special Police Establishment (Amendment) Bill, 2014 by voice vote. As per the new provisions, CBI director will be selected by a panel which will comprise of Prime Minister, Leader of Opposition in the Lok Sabha or the leader of the Single largest party in the House and Chief Justice of India or any Supreme Court Judge. 20. Haryana government reversed the retirement age of government employees from 60 to 58 years. It also reversed the retirement age of Class IV, visually impaired and handicapped employees from 62 to 60 years.
Posted on: Thu, 25 Dec 2014 19:13:52 +0000
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