SBI Current Affairs - 2019

Category Wise PDF Compilations available at This Link

RBI to Divest its Entire Stake in NABARD and NHB

The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20 crore and Rs 1,450 crore respectively. Disinvestment by RBI The decision to divest its entire stake was taken based on the recommendations of the second Narasimham Committee. Read More…

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PFC becomes India’s second largest state-owned Financial Firm

State-owned Power Finance Corporation (PFC) has completed the acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government. The merger of both the entities is expected to be completed in the next fiscal year in consultation with the government. This acquisition and merger will make PFC second-largest government-owned financial player Read More…

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SBI launches cardless ATM withdrawal with YONO Cash

India’s largest Bank State Bank of India (SBI) has announced the launch of YONO Cash through which customers can withdraw money from ATMs without using a card. How does the Cardless Cash Withdrawal work? This Cardless Cash Withdrawal process works with two-factor authentication and eliminates the risk of skimming and cloning. The customers have to set Read More…

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National Common Mobility Card

Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC), which can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card. National Common Mobility Card The National Common Mobility Card (NCMC) was Read More…

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SBI Ecowrap Report recommends Unconditional Cash Transfer to Farmers

The SBI Ecowrap report recommends the government to opt for the unconditional cash transfer to farmers to alleviate agrarian distress rather than Universal Basic Income (UBI) scheme. Why does the SBI report recommend unconditional cash transfer? The report has recommended the unconditional cash transfer based on the following reasons: Currently, it is not feasible to Read More…

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SBI to issue and encash electoral bonds soon

The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati. The concept of electoral bond was initiated in Union Budget 2017.Later on Electoral bond scheme Read More…

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MOPAD: SBI launches unified payment terminal

India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at providing digital convenience to customers and ease of doing business for merchants at the same time. SBI will roll-out this new initiative on all SBI PoS terminals in Read More…

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