FEBRUARY 2013 CURRENT AFFAIRS

  CURRENT AFFAIRS  – FEBRUARY 2013 1. RBI issued final guidelines for setting up of new banks, including corporate houses, Public sector companies and non-banking finance companies (NBFCs), through a wholly-owned Non-Operative Financial Holding Company (NOFHC). The RBI will allow applicants for new licences until July 1. Promoters should have a past record of sound […]

BANKING G.K.

Banking Concepts – Cheque Truncation System (CTS)   What is Cheque Truncation? It is one of the major innovations in cheque clearing after the Magnetic Ink Character Recognition (MICR) cheques introduced in the 80s. Cheque truncation is a system between clearing and settlement of cheques based on electronic images. This form of clearing does not […]

CURRENT AFFAIRS DEC 2012

  GK and Current Affairs Capsule (The Hindu) – December 20121. Pakistan announced the successful training launch of the Medium Range Ballistic Missile, Hatf V (Ghauri) which can carry both conventional and nuclear warheads to a distance of 1,300 km.2. Mr. Ratan Tata was awarded an honorary doctorate of business from the University of New […]

RBI MONETARY POLICY DECEMBER 2012

RBI Monetary Policy Review DECEMBER 2012   Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment […]

NATIONAL AWARDS FILMS 2012

NATIONAL AWARDS HINDI FILMS 2012 The National Awards Winners for 2012 has been announced. The Hindi film industry won several awards; Vidya Balan bagged the Best Actress award for her superlative performance in ‘The Dirty Picture’. Onir’s I AM received the Best Hindi film award, Partho Gupte of Stanley Ka Dabba fame won Best Child Actor, while Salman Khan’sChillar […]