State Bank of India Current Affairs - 2019

Category Wise PDF Compilations available at This Link

11th tranche of Electoral Bonds sale to start from July 1

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral Bonds? Electoral bonds are being pitched as an alternative to cash donations made to political Read More…

Month:  Categories: Government Schemes & Projects

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RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 lakh ATMs in India. At end of April 2019, there were over 88.47 crore debit Read More…

Month:  Categories: Business, Economy & Banking

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Branches of Vijaya, Dena Bank to operate as outlets of Bank of Baroda

The Reserve Bank of India (RBI) has stated that all branches of public sector lenders Vijaya Bank and Dena Bank will function as branches of Bank of Baroda (BoB) from April 1, 2019, and the proposed merger Bank of Baroda with Dena and Vijaya Bank will be affected from April 1. Plan of Merger As Read More…

Month:  Categories: Business, Economy & Banking

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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…

Month:  Categories: Business, Economy & Banking

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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…

Month:  Categories: Business, Economy & Banking

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EASE Index Report

The BCG-IBA report EASE Reforms for Public Sector Banks measures the performance of each PSB on 140 objective metrics across 6 themes. The 6 themes are: Customer Responsiveness: EASE for customer comfort Responsible Banking: Financial stability, governance for ensuring outcomes, and EASE for clean & commercially prudent business Credit Off-take: EASE for the borrower and Read More…

Month:  Categories: Reports & Indices

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Banks Liable for Unauthorised Withdrawals: Kerala High Court

The Kerala High Court has said that banks cannot be absolved from the liability to the loss caused to a customer on account of unauthorised withdrawals made from his/her account, merely on the ground that the customer did not respond promptly to the SMS alert given by the bank. Observations made by the Kerala High Read More…

Month:  Categories: Business, Economy & Banking

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