Current Affairs In Banking Sector 2014 15 1 
Current affairs in banking sector 2014-15
(with reference to Reserve Bank of India)
Under the guidance of Prof.
Mrs.Priyanka
Meaning of bank:
A bank is a financial intermediary and money creator that creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed directly by loaning or indirectly through capital markets. Meaning of banking:
“Banking " means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business as the Authority may prescribe for the purposes of this Act; (Banking Act)
Current affairs in Banking (with ref. to RBI) 2014-15:
Union Government decided to infuse
6990 crore rupees in nine Public Sector
Banks :
Among the beneficiaries, SBI leads the pack with a capitalization of 2970crore rupees and is followed by Bob with
1260 rupees, Punjab National Bank with 870crore rupees and
Canara Bank with 570crore rs.
Costs involved in increasing Forex reserves: RBI India's foreign exchange reserves rose to a record high of
USD 333.17 billion as on Feb 13, compared with USD 330.21 billion a week earlier, (data from the Reserve Bank of India).
RBI decided to bring back one rupee notes: The notes printed by the Govt. of India will carry the bilingual signature of Rajiv Mehrishri (finance secretary).
RBI constituted high powered committee headed by R.Gandhi on urban co-operative banks: A high powered committee constituted to re-examine and recommend set of businesses. Size conversion and Licensing terms for the urban cooperative banking sector.
RBI issued guidelines on import of gold by nominated banks and agencies :
RBI permitted the nominated the bank to import gold on consignment basis , whereas all sales of gold is domestically will be against upfront payments.
RBI cut repo rate by 0.25% in sixth
(with reference to Reserve Bank of India)
Under the guidance of Prof.
Mrs.Priyanka
Meaning of bank:
A bank is a financial intermediary and money creator that creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed directly by loaning or indirectly through capital markets. Meaning of banking:
“Banking " means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business as the Authority may prescribe for the purposes of this Act; (Banking Act)
Current affairs in Banking (with ref. to RBI) 2014-15:
Union Government decided to infuse
6990 crore rupees in nine Public Sector
Banks :
Among the beneficiaries, SBI leads the pack with a capitalization of 2970crore rupees and is followed by Bob with
1260 rupees, Punjab National Bank with 870crore rupees and
Canara Bank with 570crore rs.
Costs involved in increasing Forex reserves: RBI India's foreign exchange reserves rose to a record high of
USD 333.17 billion as on Feb 13, compared with USD 330.21 billion a week earlier, (data from the Reserve Bank of India).
RBI decided to bring back one rupee notes: The notes printed by the Govt. of India will carry the bilingual signature of Rajiv Mehrishri (finance secretary).
RBI constituted high powered committee headed by R.Gandhi on urban co-operative banks: A high powered committee constituted to re-examine and recommend set of businesses. Size conversion and Licensing terms for the urban cooperative banking sector.
RBI issued guidelines on import of gold by nominated banks and agencies :
RBI permitted the nominated the bank to import gold on consignment basis , whereas all sales of gold is domestically will be against upfront payments.
RBI cut repo rate by 0.25% in sixth