Banking Awareness 2024
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Banking and Financial Awareness 21 April 2015 - 28 April 2015
The Reserve Bank of India on 23 April 2015 revised which sector lending norms to ensure a phased increase in loans to small farmers, and also made it clear that smaller foreign banks will have to meet the 40 percent target over the next five years?: Priority Sector
Explanation: A day after the suicide of a farmer at a rally in Delhi, the new guidelines is issued in which credit to......
Posted on: 28th April 2015
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Banking and Financial Awareness 14 April 2015 - 20 April 2015
To deepen the securitisation market, Sebi has made it easier for banks and public financial institutions to act as what, while a new code of conduct has been put in place to safeguard investors' interest?: Trustees
Explanation: The primary objective was to rationalise and clarify the role and responsibilities of trustee. Thus, the amendments have been made to allow....
Posted on: 20th April 2015
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Banking and Financial Awareness 7 April 2015 - 13 April 2015
On 6 April 2015, The Oil Ministry has allowed national oil companies Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to sell any new natural gas supplies from their small and isolated fields through which process?: Open Tender (Bidding)
Explanation: The Oil Ministry on April 1 issued amendment to the guidelines for pricing of gas from small and isolated fields by allowing......
Posted on: 13th April 2015
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Banking and Financial Awareness 20 March - 6 April 2015
Which Bank in India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances?: Central Bank of India
Explanation: Reserve Bank of India (RBI) notified to the Finance Ministry that the Central Bank of India's 21.5 percent assets are either bad or have been restructured to keep them from turning into......
Posted on: 06th April 2015
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Banking and Financial Awareness 23 - 30 March 2015
On 22 March 2015 which Bank, which is also the world's largest multilateral borrower and lender, has sought Reserve Bank of India's approval to finance various infrastructure projects in the country in Indian rupee?: European Investment Bank (EIB)
Explanation: The European Investment Bank (EIB), the world's largest multilateral borrower and lender by volume, has been......
Posted on: 30th March 2015
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Banking and Financial Awareness 16 - 22 March 2015
The Centre on 14 March 2015 has paid Rs 32,800 crore to states as compensation for phasing out of which Tax in the run-up to roll-out of Goods and Services Tax?: Central Sales Tax
Explanation: In December 2014, government introduced the long-pending GST Bill in the Lok Sabha for roll-out of GST which would subsume various levies like entry tax and octroi. Thus the GST......
Posted on: 23rd March 2015
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Banking and Financial Awareness 1 - 15 March 2015
On 1st March 2015, the government has announced that it is looking forward to make mandatory for non-government provident funds to invest a minimum of what percent of their investible funds in equity or equity related instruments.?: 5 Percent
Explanation: Investment of minimum 5 percent and up to 15 percent of the investible funds in equity and equity related instruments were......
Posted on: 15th March 2015
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Banking and Financial Awareness 23 - 28 February 2015
1. Currently only PSU executives were eligible to apply for the top Executive place in PSU Banks. Therefore in an attempt to attract talent from vast market of talent, the Finance Ministry has invited Private sector bankers besides the regular public sector executives to apply for the top job at five large state-owned lenders. Which are these five large state-owned lenders?: Punjab...
Posted on: 04th March 2015
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10 Major highlights of Rail Budget 2015-16
10 Major highlights of Rail Budget 2015-16
1. New Trains
1st time in history of Rail budget There is no announcement for any new trains (This will be done after doing a comprehensive analysis and feasibility studies)
2. Passenger Fare
No increase in Passenger fares
3. Freight
Freight increase up to 10% on select items: 10% for urea, 2.7% for cement and 6.3% for coal, 0.8% for iron....
Posted on: 28th February 2015
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10 Major highlights of Union Budget 2015-16
10 Major highlights of Union Budget 2015-16 for India
Key Hightlight:
Service Tax is increased from 12.36% to 14%
A) Taxation
1 Abolition of Wealth Tax.
2 Additional 2% surcharge for the super rich with income of over Rs. 1 crore.
3 Rate of corporate tax to be reduced to 25% over next four years.
4 No change in.....
Posted on: 28th February 2015
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