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Bank GK Updates Dec 21 - Dec 27 2016

Bank GK Updates Dec 21 - Dec 27 2016

TestFunda ,  27-Dec-16
Tamil fishermen attacked, chased away by Sri Lankan navy
India > Tamil fishermen > Dec 27

Nearly 3,000 Tamil Nadu fishermen from this island town were forced to return without their catch after they were allegedly attacked and chased away by the Sri Lankan Navy for fishing off Katchatheevu.

Chief Ministers' panel on note recall to meet on December 28
India > Chief Ministers' panel > Dec 26

The Chief Ministers' Committee on demonetisation, which is headed by Andhra Pradesh CM N Chandrababu Naidu, is finally scheduled to meet in the Capital next week.

SBI, other banks may cut lending rates in new year 
Bank > SBI > Dec 26

State Bank of India, the country's largest lender, and a few other banks are expected to announce a cut in lending rates effective early January, said people with knowledge of the matter. 

India taps Saudi Arabia for release of priest abducted in Yemen
India > Priest abducted > Dec 26

In the absence of any government in Yemen, India says it is reaching out to other regional countries like Saudi Arabia and local Yemeni authorities to reach Indian Catholic priest Father Tom Uzhunnalil, held captive by Islamists in Yemen since early 2016.

Railways hikes relief from Rs 4 lakh to Rs 8 lakh in case of death
India > Railways > Dec 26

Enhancing the financial aid in train accident, the government has amended the rules under the Railways Act of 1989 to double up the amount in case of death or physical disability like loss of limbs.

Demonetisation: Restrictions on cash withdrawals likely to continue beyond December 30 
India > Demonetisation > Dec 25

Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes. 

SBI adopts a village to make it cashless
Bank > SBI > Dec 25

India’s largest lender State Bank of India has stepped on the gas towards a cashless economy as the banking behemoth has adopted a village in Maharashtra where it will drive all residents to transact digitally. 

Disinvestment kitty swells to Rs 34,800 crore this year 
India > Disinvestment > Dec 25

The government received Rs 34,800 crore from the sale of minority stake in an array of state- owned firms this year even as it prepared ground for the first strategic sale of PSUs in over 12 years. 

Govt sanctions 9000 assault rifles, 12 bullet-proof vehicles to SSB
India > SSB > Dec 25

Giving a major boost to the operational capabilities of border guarding force SSB- tasked to secure the country's frontiers with Nepal and Bhutan- the government has sanctioned over 9,000 assault rifles, 34 armoured vehicles and more than 760 patrolling bikes to it.

ICICI Bank unveils one merchant mobile app for all payment modes 
Bank > ICICI > Dec 23

ICICI Bank has launched a mobile application for merchants that allows consolidation of all modes of payments, including digital wallets, Unified Payments Interface (UPI), QR code, and credit & debit cards. The app, eazypay , which is designed for business, allows multiple users to connect to the same account. This makes it possible to be used for cash-on-delivery payments. 

NIA arrests fake currency racket mastermind deported from Saudi Arabia
India > NIA > Dec 23

Saudi Arabia has deported a ring leader of a fake Indian currency note racket, Abdul Salam, who was arrested by the National Investigation Agency (NIA) upon his landing at the Indira Gandhi International Airport in New Delhi on Thursday.

PM Modi calls NITI Aayog meet to review economy amid cash crunch
India > NITI Aayog > Dec 23

Prime Minister Narendra Modi has called a high-level meeting at NITI Aayog on Tuesday to take stock of the economy and other important issues particularly the currency crunch post demonetization.

RBI to issue new Rs 500 note in new series with inset letter R
Bank > RBI > Dec 22

The Reserve Bank of India on Monday said it is issuing a new batch of Rs 500 notes in Mahatma Gandhi (New) series with the inset letter R in both the number panels. “In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series which are currently legal tender, a new batch of banknotes with inset letter ‘R’ in both the number panels, bearing the signature of Dr Urjit R Patel Governor, Reserve Bank of India, with the year of printing ‘2016’ are being issued,” RBI said in a notification.

PSBs set to limit electronic fund transfer charge 
Bank > PSBs > Dec 22

In another measure to promote digital payments, the government has directed staterun banks not to charge fees for transactions settled on Immediate Payment Service (IMPS) and Unified Payments Interface (UPI) in excess of that levied for National Electronic Funds Transfer (NEFT) of over Rs 1,000. 

Jan Dhan deposits fall post Rs 75,000 crore peak
India > Jan Dhan > Dec 22

After peaking at nearly Rs 75,000 crore, Jan Dhan deposits have started to decline even much before the deadline for depositing old Rs 500 and Rs 1,000 notes ends on December 30. 

Income tax department detects Rs 3,300 crore black money; seizes Rs 92 crore worth new notes
India > Black Money > Dec 22

Over Rs 3,300 crore of un-disclosed income has been detected while Rs 92 crore worth new notes have been seized till now by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetization of two high value currencies by the government

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