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BANKING AND FINANCIAL AWARENESS -Bank PO/SO/Clerical – 28.09.16

RBS to pay $1.1 billion Royal Bank of Scotland Group Plc (RBS.L) will pay $1.1 billion (845.18 million pounds) to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed. The settlement with RBS brings the U.S. regulator’s recoveries against various banks to $4.3 billion in lawsuits over their sale of

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Financial Awareness

BANKING AND FINANCIAL AWARENESS –Bank PO/SO/Clerical – 27.9.16

Reliance Jio reveals operator-wise call drop data The Telecom Regulatory Authority of India ( Trai ) will issue show-cause notices to all mobile operators for the high level of congestion in their network that is leading to call failures to and from Reliance Jio’s network beyond the permissible limits. Trai chairman RS Sharma told FE

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Financial Awareness

BANKING AND FINANCIAL AWARENESS –Bank PO/SO/Clerical – 26/09/16

GST: Life insurers want exemption As the Goods and Services Tax (GST) rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products. Life insurers said that their premium income has remained stagnant since the industry was brought under service

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Financial Awareness

BANKING AND FINANCIAL AWARENESS –Bank PO/SO/Clerical – 25.09.16

Refusing Rs 10 coin in UP may invite sedition case Pulkit Sharma has a pile of Rs 10 coins sitting in a basket atop his fridge.The heap has been growing over the past 2-3 months since Sharma, an executive with a private firm in Bareilly, continued to accept the coins from shopkeepers and others while

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Featured

Banking/Financial Awareness for IBPS, SBI and Competitive Exams – 24/09/2016

China, Japan, India made 64% of world’s steel in Aug World’s top three steel producers– China, Japan and India, collectively produced 134.1 million tonnes of steel, about 64% of the world’s steel production in August, World Steel Association said. China accounted for about 51.15% of the world’s steel, while Japan produced 6.63% and India, 6.04%.

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 23.9.16

India, EU to ink pact on pharma exports soon India and the European Union (EU) are likely to finalise the Broad Based Trade and Investment Agreement (BTIA) for free trade of pharmaceutical exports. Negotiations are at an advanced stage and both countries are expected to sign an agreement soon. High-level talks resumed after Prime Minister Narendra

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Financial Awareness

BANKING AND FINANCIAL AWARENESS- 22.09.16

ICICI Prudential Life IPO gets subscribed more than 10 times The Initial Public Offer (IPO) of ICICI Prudential Life Insurance Company Ltd — a first by an insurance entity — received a strong response from investors with the offer getting subscribed 10.47 times. According to data from the National Stock Exchange (NSE), the issue received

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 21/09/16

Domestic consumption to lift GVA growth to 7.7%’ India’s gross value added (GVA) growth rate is set to improve to 7.7 per cent this year, from the 7.2 per cent seen in FY16, due to higher domestic consumption demand, while consumer price inflation could accelerate to an average of 5.1 per cent from 4.9 per

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Financial Awareness

BANKING AND FINANCIAL AWARENESS – 20.09.16

GST notification triggers uncertainty over excise duty Centre still enjoys powers to collect excise duty despite notification – Ministry officials . If you bought a car or any other goods over the weekend, you could legally expect a refund of the component that went to pay the excise duty on it, Finance Ministry officials confirmed

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Bank Exams

Banking & Financial Awareness – 12/09/16

Cabinet Approves Creation Of GST Council The Cabinet on Monday approved setting up of the GST Council, which will decide on the rate of tax under the new Goods and Services Tax (GST) regime, likely to kick in from April 1, 2017. The GST Council will consist of Union Finance Minister, Minister of State in charge

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