1 October to 20 October Current Affairs. Banking Related Only **************************************************** ***October 1st*** 1, Vijaya Bank and State bank of India Reduced interest rates on term deposits. The percentage reduced ranges from 0.05% to 0.10 %. 2, Enforcement Directorate the committee investigating the Saradha Scam sealed the bank account of East Bengal Sports Club owned by Kingfisher United. 3, Raghuram Rajan Today announced there will be not increase or decrease in rates and RBI aims for the 6% inflation rate by the year 2016 January. ***2nd October*** 1, ICICI Bank Fined for 1 lakhs RS by National Consumer Disputes Redressal Commission (NCDRC) for charging high interest rate on home loan for a family from Mohali. 2, Infosys launched Infosys Transaction Reconciliation solution (ITRS) a tool which can be used by Bank employees to perform reconciliation tasks and functions easily. ***4th October*** 1, Telangana Government today asked Banks to speed up the process of renewing the Corps Loans accounts so that new loans can be given before October 15th. ***5th October*** 1, Government Considering options to Club SEBI and FMC (Forward Market Commission) together to check commodities trading. 2, EPFO (Employees Provident Fund Organisation) announced that it will launch Universal Account Number Portal (exclusive member page where they employees can check whether the amount is credited in the account or not) by October 16th 2014 ***6th October*** 1, World Bank decrease the growth rate of Asian countries down to 6.9 % from its previous percentage 7.1 7th October 1, Reserve Bank of India Today announced that Held to Maturity Bonds (HTM) can be transferred for 3 times a year when compared to one time per year now. 8th October 1, RBI formed a Team to monitor companies which are participating in Debt markets. 2, RBI Announced today as per Sahoo Committee report they are planning to Government Bonds settlement through International systems like Eurostar. ***9th October*** 1, RBI Today Announced three executive directors Named Mr MD Patra, KK Vohra and G Mahalingam. ***10th October*** 1, Reserve Bank of India today announced today that the free transactions from other banks ATM remains 5. 2, Punjab National Bank today revised its rates on Fixed deposit interest rates by increasing it to 2 percent making it to 6 percent 3, Bandhan Financial services announced today that they will start Bandhan Bank by the starting of 2015 ***11th October*** 1, State bank of India and Punjab National Bank Moved their petitions to supreme court over loan payments by sugar mill in Uttar Pradesh 2, Government asked banks to check the rules for Fixed deposits as suspicions are possibly on Dena Bank and Oriental Bank of Commerce. Payment Banks Details Recommended by Nachiket Mor committee – RBI announced today that it will allow payment banks soon. ***October 13th*** 1, SEBI banned DLF company and its 6 associates from Market Trading 2, RBI asked all banks to strictly follow the one document proof system for opening accounts. 3, Few Abbreviations CRISIL – Credit Rating Information Services of India LCR – Liquidity coverage ratio SLR – Statutory liquidity requirements HQLA – High-quality liquid assets ***October 14th*** 1, RBI will not be cutting interest rates this fiscal year says analysts. 2, September month recorded the lowest inflation in previous 6 years of 6.5% 3, Kotak Mahindra Bank for the first time in world launch KAYPAY where facebook friends can send money to each other for free through IMPS (Immediate Payment service) . ***15th October*** 1, RBI Governor Raghuram Rajan got best central bank governor award by Euromoney Magazine 2, Irrigation Minister T. Harish Rao Today said some banks were not following rules set by State Levels Bankers Committee (SLBC) while giving banks to farmers. ***16th October*** 1, Financial Services Secretary G S Sandhu Today said that RBI is ready to receive applications for banks in three categories, small banks, payment banks and universal banks. ***17th October*** 1, Corporation Bank Launches e-mandate system to digitizing more services announced Mr S. R. Bansal Chairman. 2, Chairman of Exim bank India Mr Yaduvendra Mathur today announced that the bank aims for 50 billion dollar projects in near future. 3, Attorney General Mukul Rohatgi today said its not a crime to open accounts in foreign countries ***18th october*** 1, Vijay Bank to reduce interest rates on special deposits by 0.05% to 0.1% ***20th October*** 1, The Enforcement Directorate (ED) investigating the saradha fraud case seized properties worth of 100 crores 2, A committee under T K Vishwanathan to design the bankruptcy code soon.
Posted on: Wed, 22 Oct 2014 06:29:36 +0000
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