Weekly One Liners April 2018: Week 2

Weekly One Liners April 2018: Week 2

Banking and Financial Awareness:

  • 11 Public Sector Banks Placed Under RBI’s PCA Framework.
  • RBI Switches Back to GDP Model from GVA Model. 
  • State-run Punjab National Bank (PNB) launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day.
  • NERL Brings In ICICI Bank, HDFC Bank As Repository Participants.
  • World Bank Approves $55mn For Bangladesh Project.
  • J&K Bank Launches Special Financing Scheme For Industrial Units.
  • SBI Launches UK Subsidiary With 225 Mn Pounds Capital.
  • SBI To Invest Rs 80 Bn In Hydropower Project Of Nepal.
  • India's GDP To Grow 7.3% This Fiscal, 7.6% In Next: ADB.
  • India’s foreign exchange reserves hit a life-time high of 424.361 billion US dollar after rising by 1.828 billion dollars in the week to March 30, according to the Reserve Bank of India data.
  • Long-Term Capital Gains Tax To Come Into Effect From 01st April.
  • Exports In February Up 4.5% To $25.8 Billion.
  • GST Council Approves Rollout Of E-Way Bill From April.
  • Govt Makes Passport Mandatory For Bank Loans Of Rs. 50 Crore & Above.
  • India To Grow 7.6% In 2018: Moody's.
  • India’s GDP Growth Rises To 7.2% In December Quarter.


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