Banking Awareness Questions for IBPS Clerk Main | 10th January 2019 | IN HINDI

The government has constituted a seven-member panel to select managing directors of public sector insurance companies. The panel would be headed by Banks Board Bureau (BBB) chairman BP Sharma.

In line with its vision of transforming the way India buys and sells, Amazon India announced a partnership with the Federation of Indian Micro and Small and Medium Enterprises(FISME) to empower Micro, Small & Medium Enterprises (MSMEs) to leverage growth opportunities in the e-commerce sector.

The NITI Aayog organised the 3rd Edition of the Women Transforming India Awards 2018 and launched the upgraded portal of the Women Entrepreneurship Platform (WEP).

India announced a $1.4 billion package for the Maldives to meet its immediate budgetary as well as some medium-term requirements. Prime Minister Narendra Modi announced the package that includes soft loans after talks with visiting Maldives President Ibrahim Solih in New Delhi.

Star India’s Chairman and CEO Uday Shankar has been elected Vice President of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2018-19.

Under Assam Farmers’ Credit Subsidy Scheme (AFCSS), whatever amount of loan the farmers took from banks and whatever amount they repaid, 25% of the money will be reimbursed by the state government.

Senior bureaucrat Pranab Kumar Das has been appointed as chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes. Das, special secretary and member (customs) at CBIC, was succeed S Ramesh.

IDFC Bank and non-banking financial company (NBFC) Capital First has announced the completion of their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. The merged entity to be called IDFC First Bank, subject to shareholders’ approval.

Paisabazaar.com, India’s largest online marketplace for financial products, and Karnataka Bank announced a strategic partnership to offer the bank’s home loan product to customers on the Paisabazaar platform.

The Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP at current market prices.

The Asiatic Lion Conservation Project is aimed at the conservation and recovery of Asiatic Lion with the help of up to date techniques, instruments, regular scientific research studies, disease management, modern surveillance and patrolling techniques. The total budget of the project for 3 years amounts to around Rs 9784 lakh (97.84 Crore).

The government will infuse an additional Rs 41,000 crore into cash-starved public sector banks (PSBs). The outlay will go up from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world.

Commerce and Industry Minister Suresh Prabhu has conferred the Skoch Golden Jubilee Challenger Award at the 55th Skoch Summit in New Delhi. J&K Bank was conferred with SKOCH Award in ‘Banking and Finance (B&F) Silver Category’.

Prime Minister Narendra Modi releases a 100 rupees commemorative coin in honour of former Prime Minister and Bharat Ratna Atal Bihari Vajpayee. Atal Bihari Vajpayee’s birth anniversary, which falls on 25th December, is celebrated as ‘Good Governance Day’.

The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters.