A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries.India has an extensive banking network, in both urban and rural areas.
Heyaa we are providing 17th feb banking updates/ News important for sbi clerk, syndicate PO, Canara bank PO. According to the trend gk questions asked on Banking Awareness are related to the countries, events or anything that has been in news for a while. Apart of general awareness section strong command on gk increases your chances in Interview also.
i. The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
ii. The apex bank has also warned banks of monetary penalties and higher provisions if they are found to have violated the stringent new norms.
RBI Relaxes Priority Sector Lending Rule for Banks
Bank of Baroda to Exit South Africa by March-End
Rs. 11,500 crore fraud rocks state-run PNB: Govt. swings into action, ask all lenders to "clean up"
PNB detects India’s biggest bank fraud
The state-owned lender has suspended 10 of its officers and lodged a complaint against celebrity jewellery designer Nirav Modi for committing fraudulent transactions worth over USD 1.77 billion in one of its Mumbai branches.
Yes Bank makes India INX debut with $600 mn MTN bonds
Yes bank today said it has listed USD 600 million bond issued under its maiden USD 1 billion MTN programme, on Global Securities Market (GSM) of India INX.
Haruhiko Kuroda Reappointed As Bank Of Japan Chief
Commensurate to banking exams we noticed that most of the question asked in general awareness section are based on current gk topics. Static banking awareness are related to the countries, events or anything that has been in news for a while.
Of the total 5,558 branches, the Baroda (Gujarat) headquartered bank has 107 overseas branches.
What is INX?
India INX is the Country's first international exchange, located at International Financial Services Centre, GIFT city in Gujarat.
What is MTN?
MTN stands for medium term note (MTN) is a note that usually matures in five to 10 years. Simply we can say it is a debt note that usually matures (is paid back) in 5- 10 years, but the term may be less than one year or as long as 100 years. They can be issued on a fixed or floating coupons basis.
Static banking awareness related to current gk