BANKING & FINANCE


Monthly “BANKING & FINANCE” Current Affairs May 2016  pdf like pocket points .
SIDBI signs MoU with SAARC Development Fund
Government raises EPF interest rate to 8.8 pc for 2015-16
SBI lowers lending rates by 5 bps to 9.15%
Australia central bank cuts rates to record low
The country’s largest bank State Bank of India has now launched ‘mVisa‘, a mobile-based payments solution.
ICICI Bank signed a MoU to establish a strategic partnership with the New Development Bank (NDB), a multilateral development bank established by the BRICS (Brazil, Russia, India, China and South Africa) nations.
Kotak Bank opens international unit in Gujarat’s GIFT City
YES Bank gets SEBI nod to provide custodial services
Federal Bank ties up with US based Payments Company for faster international remittances
Asian Development Bank keen to raise lending to India to USD 3 billion
Banks likely to cut loan rates by 0.5%
IDBI Bank first state-run bank to open branch at IFSC
RBI working on new system to make public the list of wilful defaulters, says Raghuram Rajan
Saraswat Bank donates Rs 1 crore relief for drought in Maharashtra
SEBI plans training police on financial crimes
Inoperative EPF accounts contain 43k crore
South Indian Bank announces tie up with National Australian Bank
Axis Bank may see Rs 9,000-cr provisioning over FY17-18
RBI released draft guidelines for licensing of Universal Banks in Private Sector
RBI to issue 1000 banknotes with inset letter R
RBI cancelled Certificate of Registration of four NBFCs
Kotak Mahindra Bank Chief Uday Kotak sole Indian on Forbes’ most powerful list
SEBI to tighten KYC, transfer norms for P-Notes
RBI issues norms for branch offices by foreign entities
ICICI launches country’s 1st contactless credit card for SMEs
Income Declaration Scheme for domestic black money to commence from June 01
5 banks led by Bank of Baroda post Rs 6,751-crore loss as bad loans mount
Royal Bank of Scotland (RBS) to close retail banking operations in India
HDFC Bank Ltd. launched SmartUp, a first-of-its-kind dedicated solution for startups in Kolkata.
Tax disputes worth Rs.5.6L crore pending till Oct ’15
Indonesia bank allows loan repayment in trash
RBI authorises 29 agency banks to accept payments of I-T dues
IDFC Bank launches #IDFC Twitter Resume campaign on Twitter to find prospective employees, attract millennials
DBS Bank to set up new technology hub in Hyderabad
Nepal SBI Bank launches payment gateway
SEBI tightens P-Note norms to check money laundering
China policy bank to lend around $458 billion for poverty reduction
Andhra Bank to launch Bharat Bill Payment Service soon
Bank plans to open 500 branches this fiscal
India Post Payments Bank To Be Functional By March 2017
Axis Bank ends 1%; to raise US$ 500 million via green bonds
AXA plans to stop investment in tobacco sector
City Union Bank net profit rises 13 per cent
Saudi Arabia to join Turkey, Indonesia to found Islamic finance infrastructure bank
Bad loans drop further for Andhra Pradesh Grameena Vikas Bank
US court tosses out $1.3-billion penalty on Bank of America
Modi’s government’s fix for banking: Cut number of public banks from 27 now to 6
IndusInd Bank out, Bank of India to now settle tea e-auctions
Mahindra drops plans to start payments bank
Bank of India reports Rs.3,587 crore loss in Q4
SEBI likely to delist 4,200 firms; warns erring promoters
SBI net profit drops 66% to Rs1,264 crore in Q4
HDFC among world’s top 10 consumer financial services company
The merger of State Bank of India and its five associate banks, along with the BharatiyaMahila Bank (BMB), will cost State Bank of India around Rs 3,000 crore
IOB posts net loss of Rs.936 crore
‘RBI to lower rates by another 50 bps in FY17’
Public sector banks install 14k ATMs in 2015-16
Central Bank posts Rs.898 crore loss
SBI now also has the largest PoS network in India
National Payments Corporation of India to launch credit card by year-end
Yes Bank ties up with online payment solutions startup Click&pay
‘GDP can rise by $1tn over 100% internet access’
No TDS for PF withdrawals up to Rs. 50k from June 1