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19 and 20 Feb Finaicial Affairs
Financial Awareness

Banking Affairs 19th & 20th February 2017 | Financial Awareness 19th & 20th February 2017

1. Karnataka Bank Launches National Pension System in Mangaluru Mangaluru based private sector lender Karnataka Bank Ltd launched National Pension System (NPS) at its corporate office in Mangaluru. To provide financial security at old age by giving regular income in the form of pension. Under the scheme, one can contribute to NPS while earning and

Financial Awareness

Banking Affairs 18th February 2017 | Financial Awareness 18th February 2017

1. Cabinet Approves Trade Facilitation Agreement Union Cabinet approved the WTO Trade Facilitation Agreement. The pact was agreed upon at a multilateral meeting in Bali in 2013. It will take effect once two-thirds of the WTO members complete ratification process. 2. Ringing Bells Unveils World’s Cheapest Smartphone Defense Minister Manohar Parrikkar launched the cheapest smartphone.

Financial Awareness

Banking Affairs 17th February 2017 | Financial Awareness 17th February 2017

1. Citi Bank launches instant chat service for customers Citi has launched instant chat services for customers logged in to Citibank Online (CBOL) in India. The real-time chat facility focuses on resolving queries instantly, in a safe environment, across cards, domestic and non-resident accounts, and loans, for clients as they transact online. 2. Cabinet approves

16 Feb Finaicial Affairs
Financial Awareness

Banking Affairs 16th February 2017 | Financial Awareness 16th February 2017

1. SBI plans Korea-Nepal, Korea-India remittance corridors SBI is planning to soon start two remittance corridors between Korea & Nepal and Korea & India. It is also considering starting a Nepal desk in the bank to promote Indian investments in the Himalayan country and vice-versa. 2. Nilesh Shivji Vikamsey appointed new President of ICAI Nilesh

15 Feb Finaicial Affairs
Financial Awareness

Banking Affairs 15th February 2017 | Financial Awareness 15th February 2017

1. SBI in Pact with Oman’s SGRF State General Reserve Fund of Oman (SGRF), a Sovereign Wealth Fund and the SBI will infuse $150 million and $50 million respectively in Oman India Joint Investment Fund (OIJIF). The bank is backing the private equity fund for its second offering (Fund II). This decision is driven by

Banking Affairs 14 Feb
Financial Awareness

Banking Affairs 14th February 2017 | Financial Awareness 14th February 2017

1. J&K govt launches e-Prison project The Jammu and Kashmir government on 13th Feb 17 launched the e-Prison project to enumerate jail inmates in the State, where numbers of detainees keep swelling during the unrest. “The information about jail inmates is currently being maintained manually. To avoid delays in processing the information and manage all

Banking Awareness 13 Feb
Financial Awareness

Banking Awareness 13th February 2017 | Financial Affairs 13th February 2017

1. India fastest growing e-commerce market3 India is world’s fastest growing e-commerce market expected to reach $64 billion by 2021 with a compound annual growth rate of 31.2%, according to a Forrester Research study. India will take over 10 years to reach the level of the US and China markets, the report said. China remains

Banking Awareness 10 Feb
Financial Awareness

Banking Awareness 10th February 2017 | Financial Affairs 10th February 2017

1. House of Commons passes Brexit Bill The British government is on track to trigger the Brexit process by the end of March, after the legislation authorising the government to start negotiations passed through the House of Commons on 8th Feb 2017 without any amendments. 2. SEBI to form panel to facilitate crowdfunding The Securities

Banking Awareness 9 Feb
Financial Awareness

Banking Awareness 9th February 2017 | Financial Affairs 9th February 2017

1. India to pitch global services accord to WTO chief Azevedo India will make a presentation on 9th Feb 2017 to World Trade Organisation (WTO) Director General Roberto Azevedo and India Inc. on New Delhi’s proposal for a global pact to boost services trade. Besides, the proposal is to ensure cross-border insurance coverage to boost

Banking Awareness 8 Feb
Financial Awareness

Banking Awareness 8th February 2017 | Financial Affairs 8th February 2017

1. Sundaram Clayton appoints Muthuraj as CEO The Chennai-based company, which makes automotive components, has reported a six fold increase in its standalone net profit for the third quarter ended December 31, 2016Rs. 47.93 crore against Rs. 7.51 crore. During the quarter, the company had made an investment of $1 million in one million equity

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