Banking and Financial Awareness

BREAKING NEWS: SBI to merge 5 associates Bank, Bharatiya Mahila Bank with self

After over five years of hiatus, associate banks of SBI including State Bank of Bikaner and Jaipur have proposed to merger with the parent lender. Apparently under pressure from the government to assimilate six banks almost in one go, State Bank of India will bank on its experience of acquiring State Bank of Saurashtra (in

All About The International Monetary Fund (IMF)

The International Monetary Fund (IMF)is an international organization headquartered in Washington, D.C. It was established along with the International Bank for Reconstruction and Development (also known as World Bank), at the conference of 44 nations held at Bretton Woods, USA in July 1944 to build a framework for economic cooperation and also to avoid a

First Bi-monthly Monetary Policy Statement 2016-17

The Reserve Bank of India on 5 April 2016 cut its policy rate by 0.25 per cent while unveiling its first bi-monthly policy review for this fiscal, paving way for cheaper home and auto loans. Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, RBI has been

Budget session 2015-16

The Budget session of Parliament begins on February 23, 2015 and subject to the exigencies of the Government Business will conclude on May 8, 2015. The Budget session will be held in two phases. The first phase will be from February 23 till March 20, 2015 and the second phase from April 20 till May

Banking and Financial Awareness for Bank Exams

IDFC appoints former CAG Vinod Rai as independent director Infrastructure financing firm IDFC on 1st July appointed former Comptroller and Auditor General of India (CAG) as independent director. The appointment has been made with immediate effect. Rai also worked as Financial Services Secretary. He was director on several boards including the State Bank of India,

RBI Policy Review – December 2014 Unchanged

 RBI Policy Review – December 2014 Unchanged i. Governor Raghuram Rajan-led Reserve Bank of India (RBI) on 2 December2014 kept key policy rates unchanged. ii. RBI holds key rates again in the policy review. iii. Rajan has said that he will not hold rates for longer than needed. iv. Central bank governor remains wary of