List of July Month Banking Awareness – 2018:
1. The Reserve Bank of India (RBI) licensed Bank of China to operate in India. This will be the second Chinese bank to be operating in the country. The first China bank in India is Industrial & Commercial Bank of China Ltd was operating along with 45 other foreign banks.
2. Allahabad Bank and Punjab National Bank (PNB) raised their marginal cost of funds-based lending rate (MCLR) by up to 10 basis points.
3. National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects.
4. The Supreme Court put a stay on the Reserve Bank of India (RBI) circular prohibiting banks and financial institutions from dealing in virtual currencies, thus upholding the ban on the virtual currencies such as Bitcoin.
5. YES Bank announced that it has received final regulatory approval from the Securities & Exchange Board of India (SEBI) to start mutual fund business.
6. Securities & Exchange Board of India (SEBI) registered foreign portfolio funds invest in India through 56 countries. Of these, 25 are now considered high risk.
7. ICICI Bank has announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment.
8. HDFC Bank becomes the most valuable bank in the emerging market outside China.
9. The Reserve Bank of India (RBI) has announced that the license of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled. The reasons for the cancellation of the license were, the bank does not have adequate capital and earning prospects.
10. Asian Development Bank (ADB) has approved 503-million US Dollar lining project of the Son canal in Shahabad-Bhojpur region of Bihar which would benefit the agriculture sector immensely in the region.
11. Airtel Payments Bank has received requisite approvals from the Reserve Bank of India (RBI) to begin taking new customers. Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC.
12. HDFC securities announced the launch of Mutual Funds transactional capabilities on Facebook Messenger through their virtual assistant, Arya.
13. The Reserve Bank of India (RBI) has made it compulsory to incorporate purchaser’s name on the face of payment instrumentalities like demand draft, pay order, banker’s cheques and other instruments to prevent money laundering.
14. HDFC Securities launched Mutual Funds (MF) transactional capabilities on Facebook Messenger through their virtual assistant, Arya. Arya also facilitates a quick overview of total portfolio holding, getting the latest stock quotes and opening an account.
15. The board of Life Insurance Corporation of India (LIC) has approved the proposal for the insurer to hold a 51% stake in IDBI Bank. The announcement was made by Subhash Chandra Garg, Secretary, Department of Economic Affairs.
16. The Reserve Bank of India (RBI) will shortly issue Rs100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India.
17. Jammu & Kashmir’s first all-women branch of Jammu and Kashmir Bank was inaugurated. First Lady Usha Vohra e-inaugurated the first ‘All-Women Branch of Jammu and Kashmir Bank’ at a function organized at the Sher-i-Kashmir International Convention Centre (SKICC).
18. Kisan Mela was organized at State Bank of India’s rural and semi-urban branches across the country to impart financial literacy to farmers.
19. The finance ministry has approved an infusion of Rs 11,336 crore in five state-owned lenders including PNB, Corporation Bank and Andhra Bank to help them meet the regulatory capital requirement.
1. Punjab National Bank: Rs 2,816 crore (Highest Amount)
2. Allahabad Bank: Rs 1,790 crore
3. Andhra Bank: Rs 2,019 crore
4. Indian Overseas Bank: Rs 2,157 crore
5. Corporation Bank: Rs 2,555 crore.
20. Jana Small Finance Bank announced the commercial launch of its banking operations, the last microfinance company to convert itself into a Small Finance Bank (SFB).
21. Karnataka Bank launched DigiLocker facility for its customers as part of its digital initiative. DigiLocker is a key initiative to store the digital documents, by National E-Governance Division under Union Ministry of Electronics and Information Technology.
22. The Reserve Bank of India (RBI) said to the Supreme Court (SC) that dealings in cryptocurrency like Bitcoins would encourage illegal transactions. RBI has already issued a circular prohibiting the use of these virtual currencies.
23. Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore.Exams RiderDownload Our Apps & Watch Latest News