Banking & Financial Awareness One-Liner: March 2017

BUDGETS IN VARIOUS STATES:

  • Arunachal Pradesh Finance Minister presented the deficit budget of 285 crores. 
  • Telangana Finance Minister presented the budget of rupees 1,49,646 crores for the year 2017-18. 
  • Andhra Pradesh Government presented a budget of Rupees 1,56,999 Crores for the current financial year 2017-18. 
  • Meghalaya Government presented the budget for Rs. 1236 crores. 
  • Tamil Nadu Government presented a budget of Rs. 1,59,363 crores for the financial year 2017-18. 

INTERNATIONAL FINANCIAL AWARENESS:

  • Mark Tucker have become the Chairman of HSBC Holding Plc and Stuart Gulliver is the Chief Executive Officer of HSBC Holding Plc. 
  • Intel has decided to buy Mobileye, Israeli-based company for USD 15.3 billion. 
  • Hyundai, a South Korean based automobile company tied up with Iran Oil company for 3.2 Billion dollars. 
  • Rupees 18.5 crores have been allocated by Government of Pakistan for national Census 2017. 
  • MOU signed between China and Saudi Arabia on Energy, investment, space and another sector for USD 65 Billion. 
  • USD 175 million was allocated by World Bank for National Hydrology Project of India. 
  • For maintenance of Sukhoi-30MKI Jets India and Russia have tied an MOU for USD 300 million. 
  • To acquire AH-64E apache level helicopters, US government and Boing Co have tied up with USD 3.4 billion. 
  • G20 Finance Ministers and Central Bank Governor meet held in Germany. 

BANKING AWARENESS:

  • Karnataka Bank has signed MOU with Bajaj Allianz General Insurance Company to provide non-life insurance products to bank customers. 
  • Yes Bank has tied up with Udaipur, Nashik and Puducherry for smart city initiatives to provide payment related solution. 
  • An agreement worth of USD 274 Crores was allocated German Development Bank and State Bank of India for providing affordable housing in India. 
  • SBI Infra Management Solution Private Limited have been wholly own by State Bank of India to manage its premises and estate related matters. 
  • Reserve Bank of India have removed all the restriction on withdrawal of money from saving accounts from March 13, 2017. 
  • Digital Wallets are opened by Reserve Bank of India for Unified Payment Interface as a part of digitisation of India. 
  • One Time Settlement Scheme launched by State Bank of India for tractor loans at the total cost of 6000 crores. 
  • IndusInd bank, a Mumbai-based bank agreed to buy 100 percent stake in Infrastructure Leasing and Financial Service Limited. 
  • Chief Executive Officer of Reliance Commercial Finance Private Limited is Devang Mody. 
  • HDFC has launched digital loans against security services. 
  • Future Generali Insurance Company has tied up with UCO bank, a Kolkata-based bank to market its product through UCO bank customers. 
  • State Bank of India has tied up with CREDAI, a real estate developer to develop realty sector. 
  • Bibhu Prasad Kanungo was appointed as the new Deputy Governor of Reserve Bank of India replacing Mr R. Gandhi. 
  • Bandhan Bank, a Kolkata-based bank have tied up with Avenues India Private Limited to provide payment Gateway product and Point of Sales to merchants. 
  • Reserve Bank of India has got permission from Government of India to release trail plastic notes with 10 rupees denomination. 
  • United Bank of India had got 418 crores as a capital infusion from the centre under turnaround linked capital infusion plan. 
  • CASHe tied up with Rubique, an online market place to sell financial products. 
  • Essar Steels Nand Niketan is the first private cashless township is located in Gujarat. 
  • Managing Director and CEO of Indian Bank is Kishore Piraji Kharat. 
  • Managing Director and CEO of IDBI bank is Mahesh Kumar Jain. 
  • ONGC have tied up with Gujarat State Petroleum Corporation’s entire 80% stake for USD 1.2 Billion. 
  • ONGC, a Dehradun-based Oil and gas Company, have planned to develop India’s deepest gas discovery UD-1 by investing 21528 crores. 
  • ESAF Small Finance Bank was opened in Thrissur in Kerala. 

GOVERNMENT OF INDIA:

  • Rupees 52000 lakhs is given for blue revolution to develop fisheries in India by Union Government. 
  • Rs. 600 crores project Trade Infrastructure for Export Scheme (TIES) have been launched by Union Minister of Commerce and Industry, Ms. Nirmala Sitharaman to manage Export linked Infrastructure. 
  • 20 new project worth 1900 crores have been introduced by on the under Clean Ganga Project. 
  • India ‘s contribution to United Nations is Rs. 244 crores in 2015-16. 
  • Union Government has given dearness allowance or Dearness relief for central Government employees and pensioners from 2 percent to 4 percent. 
  • Rs.1160 crore was allocated to bring 50 new Kendriya Vidalayas under Civil or defence sector. 
  • Next Chairman of Public Account Committee is Mallikarjun Kharge. 
  • Finance Ministry released a report that 29 lakh debt card were affected by virus in ATM machines which were connected to a switch made by Hitachi. 
  • 8586 crore have allocated by the government under turnaround linked capital infusion plan for 10 PSU’s. 
  • Union Ministry approved 4 GST Legislations. The fourth GST legislation will be released as money bill in parliament to get final approval.
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