Banking Awareness Questions for IBPS PO and Clerk | 13th November 2018

State Bank of India has slashed the daily withdrawal limit on its classic debit card from Rs 40,000 to Rs 20,000. There is no change in the daily withdrawal limits on other cards.

Small Industries Development Bank of India (SIDBI), had launched a National Level Entrepreneurship Awareness Campaign, Udyam Abhilasha in 115 Aspirational Districts identified by NITI Aayog in 28 States and reaching to around 15,000 youth.

Alibaba and SoftBank-backed Paytm registered over 137 million UPI transactions in September, becoming the leading contributor to Unified Payments Interface (UPI) payments with over 33% of the overall market share.

The government of India and the Asian Development Bank (ADB) signed $240 million loan for providing safe and sustainable drinking water to about 1.65 million people in three districts of the state of West Bengal affected by arsenic, fluoride, and salinity.

Chanda Kochhar has quit as CEO of ICICI Bank with immediate effect. The private lender has appointed Sandeep Bakhshi as managing director and chief executive officer for five years.

The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long-term working capital from overseas. RBI relaxed the policy on borrowing up to 10 Billion USD from the overseas by the state-owned fuel retailers.

Chanda Kochhar has quit as CEO of ICICI Bank with immediate effect. The private lender has appointed Sandeep Bakhshi as managing director and chief executive officer for five years, subject to regulatory approval.

Asian Development Bank (ADB) and the Government of India signed a $150 million Loan Agreement in New Delhi to establish a Global Skills Park (GSP) in Madhya Pradesh, the First Multi-Skills Park in India, to enhance the quality of Technical and Vocational Education And Training (TVET) System in the State and create a more skilled workforce.

According to an international survey, India's overall ranking on the government's adoption of e-payments has moved up to 28th in 2018, from 36th in 2011.

Headquarters of ADB is in Manila, Philippines.

India and Russia signed the $5 billion (approx) S-400 air defence system deal during the annual bilateral summit between Prime Minister Narendra Modi and Russian President Vladimir Putin at Hyderabad House.

The Centre has assured Karnataka government that nearly 450 crore rupees will be reimbursed to it in connection with the expenditure incurred for procuring cereals and coarse cereals.

The Confederation of Indian Industry (CII) signed an MoU with the UN Environment for coherent implementation of the environmental dimension of sustainable development.

The Reserve Bank of India issued guidelines for operating Electronic Trading Platforms (ETPs) to transact in eligible instruments. As per the norms issued by the central bank ETPs will mean any electronic system, other than a recognised stock exchange, on which transactions is eligible instruments. ETP Operator’ shall mean an entity authorised by the Reserve Bank to operate an ETP under these Directions.

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018 to William D. Nordhaus “for integrating climate change into long-run macroeconomic analysis” and Paul M. Romer “for integrating technological innovations into long-run macroeconomic analysis.”