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Bank GK Updates June 09 - June 15 2018
 

Bank GK Updates June 09 - June 15 2018

TestFunda ,  15-Jun-18
Videocon blames PM Modi, Supreme Court & Brazil for bad debt pile 
Corporate > Videocon > June 12

The Indian maker of consumer appliances is casting the blame on Prime Minister Narendra Modi, the nation’s top court and the Brazilian government. A bankruptcy court admitted an insolvency petition filed by creditors, led by State Bank of India against Videocon, and ordered debt reorganizers to take over its management. That prompted the company to file an appeal to wrest back control, according to an exchange filing on Tuesday. 


ICICI-Videocon loan: BN Srikrishna to probe conflict charges against Chanda Kochhar
Bank > ICICI > June 15

Former Supreme Court judge BN Srikrishna will conduct an investigation into various allegations of impropriety against ICICI Bank chief executive Chanda Kochhar. The bank had said it would be instituting an inquiry into the accusations at the end of May. 


RBI seeks update on payments data storage every fortnight 
Bank > RBI > June 10

Amid concern around data security, the Reserve Bank of India is learnt to have asked payment services firms to provide an update on action taken by them to store transaction data in the country in every fortnight. 


PSU banks suffer whopping Rs 87,000 crore loss in FY18 
Bank > PSU banks > June 10

Losses of public sector banks crossed a whopping Rs 87,300 crore in 2017-18 fiscal, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs 12,283 crore. 


Govt. mulls raising pension limit to up to ₹10,000/month under APY
India > Pension > June 12

The government is considering a proposal to raise the pension limit under Atal Pension Yojana (APY) to up to ₹10,000 per month from the existing slab of up to ₹5,000, a top official said on Tuesday.


Nirav Modi applies for asylum in U.K., claims “political persecution”
India > Nirav Modi > June 11

Nirav Modi, the billionaire jeweller at the heart of a more than ₹13,578-crore Punjab National Bank (PNB) fraud case in India, has fled to the UK, where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.


Simona Halep and Nadal win French Open
Sports > French Open > June 10

Simona Halep fought back from a set and a break down to finally achieve her “dream” of winning a Grand Slam title, beating Sloane Stephens 3-6, 6-4, 6-1 in a gruelling Roland Garros final on Saturday.

Rafael Nadal was at his awe-inspiring best as he crushed Austrian Dominic Thiem to snatch a record-extending 11th French Open title with a 6-4 6-3 6-2 victory on Sunday.


ED to invoke fugitive offenders ordinance against Mallya
India > Mallya > June 10

The Enforcement Directorate will soon approach a special court to initiate the process for getting businessman Vijay Mallya declared an absconder under the Fugitive Economic Offenders Ordinance. The law allows for confiscation and even disposal of all the assets of fugitives in India and overseas.


Milestone man Sunil Chhetri helps India beat Kenya 2-0 to clinch Intercontinental Cup title
Sports > Intercontinental Cup > June 10

The Enforcement Directorate will soon approach a special court to initiate the process for getting businessman Vijay Mallya declared an absconder under the Fugitive Economic Offenders Ordinance. The law allows for confiscation and even disposal of all the assets of fugitives in India and overseas.


Excessive illumination caused VVPAT snags: Election Commission
India > VVPAT snags > June 09

Preliminary reports on the malfunction of VVPATs during the Kairana and the Bhandara-Gondia Lok Sabha bypolls have blamed it on excessive exposure of the machines to illumination at polling stations.


Eight States to implement ‘Ayushman Bharat’
India > ‘Ayushman Bharat’ > June 09

Eight States and four Union Territories have signed MoUs with the Union Health Ministry to implement the government’s ambitious national health protection mission — Ayushman Bharat — which aims to provide a cover of ₹5 lakh per family annually to 10 crore vulnerable families, an official said on Saturday.

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