RBI :---->
SBI :--->
-------------has imposed 2 types of cheap Homeloans :
(1) SBI Privilege Home Loan --- for govt. employees
(2) SBI Shaurya Home Loan --- for defence personal
Benifits :-
Govt. employees are relaxed with installment tenure upto 75 years of age, Lower EMI burden post retirement and a concession of 0.05% on the home loan interest.
FEDERAL BANK ---->
ICICI, AXIS ,HDFC are among the top Global banks list on key return ratios.
ICICI ----->
DIPAM -----> (Department of Investment & Public Asset Mgmt.) has selected 4 investment banks for the proposed share sale in HUDCO (Housing & Urban Development Corp. Ltd. ). They are :-
Nomura, SBI Caps, ICICI Securities, and IDBI Capital
TATA CAPITA HOUSING LTD. started PRAPTI scheme @ 4% interest rate for people earning less than 6 lakh a year.
The Scheme is divided into 2 parts : -
(1) Low income group (3-6 lakh)
(2) Weaker segment ( below 3 lakh)
1st Major port to finalize the terms of ECB -- Mumbai based container port --Jawaharlal Nehru Port , has signed an agreement with SBI + Development Bank of Singapore for external commercial borrowing of USD 400 Million.
KAR BACHAT YOJNA -- by Mahindra Mutual Fund
According to American Multinational Banking Firm - Goldman sachs , Indian economy will grow 7.9 % in 2016-17 .Reasons:- Better monsoon, Key reforms, FDI Inflows, Pay Hike.
RATAN P WATAL Committee :- set up to digitalize incentive payments like cash back schemes and tax rebates.
YES BANK :--
-------------------launched a digital wallet- YES PAY mobile app for Android and iOS mobile for seamless bill payments .
CANARA BANK :---->
----------------------- launched EMPOWER app -- Unified Payment Interface app . HQ - Bengaluru
RELIANCE Life CEO--- Ashish Vohra
Chief of Bank Board Bureau------- Vinod Rai
UBI ( United Bank of India) MD ---- Pawan Kr. Bajaj
Bank of Baroda + Fisdom -- Personal wealth mgmt. services.
Govt. has set up an inflation target of 4% with the tolerance of + - 2% till march 2021.
JAPAN has recorded the largest current a/c surplus in the first half of 2016
HDFC + MAX group's LIC business will merge
NPA increased by 4% from last year
SYNDICATE BANK launched project ANANYA to improve digital banking services
Union Bank of India + NPCI launched USSD based *99# mobile application for their customers.
The first NASSCOM (Natiional Association of Software and Services) warehouse was launched at Rushikonda, Vishakhapatnam
- It imposed penalty on 4 Cooperative Banks of 1) Guwahati 2) Indapur 3) Pachora 4) Hyderabad 5) 2 banks of Raipur
- It asked Banks to grant loans to Women SHGs upto rs. 3 lakhs @ 7%p.a. , under National Rural Livelihoods Mission (NRLM) Aajeevika Scheme for 2016-17 . Women getting capital benefits under Swarnjayanti Gram Swarozgar Yojna (SGSY) will not be eligible.
- It launched a website SACHET.org.in in a bid to curb illegal pooling of funds.
SBI :--->
-------------has imposed 2 types of cheap Homeloans :
(1) SBI Privilege Home Loan --- for govt. employees
(2) SBI Shaurya Home Loan --- for defence personal
Benifits :-
Govt. employees are relaxed with installment tenure upto 75 years of age, Lower EMI burden post retirement and a concession of 0.05% on the home loan interest.
FEDERAL BANK ---->
- First Bank to distribute Gold coins . It tied up with MMTC .
- It tied up with Chillr for cashless transactions.
ICICI, AXIS ,HDFC are among the top Global banks list on key return ratios.
ICICI ----->
- launched a smartphone keyboard named iMOBILE SMART KEYS to make mobile payments easier.
- its MCLR rate decreased to 8.90 from 8.95%. In MCLR, Interest rate of different types of customers are fixed in accordance with their risk.
DIPAM -----> (Department of Investment & Public Asset Mgmt.) has selected 4 investment banks for the proposed share sale in HUDCO (Housing & Urban Development Corp. Ltd. ). They are :-
Nomura, SBI Caps, ICICI Securities, and IDBI Capital
TATA CAPITA HOUSING LTD. started PRAPTI scheme @ 4% interest rate for people earning less than 6 lakh a year.
The Scheme is divided into 2 parts : -
(1) Low income group (3-6 lakh)
(2) Weaker segment ( below 3 lakh)
1st Major port to finalize the terms of ECB -- Mumbai based container port --Jawaharlal Nehru Port , has signed an agreement with SBI + Development Bank of Singapore for external commercial borrowing of USD 400 Million.
KAR BACHAT YOJNA -- by Mahindra Mutual Fund
According to American Multinational Banking Firm - Goldman sachs , Indian economy will grow 7.9 % in 2016-17 .Reasons:- Better monsoon, Key reforms, FDI Inflows, Pay Hike.
RATAN P WATAL Committee :- set up to digitalize incentive payments like cash back schemes and tax rebates.
YES BANK :--
-------------------launched a digital wallet- YES PAY mobile app for Android and iOS mobile for seamless bill payments .
CANARA BANK :---->
----------------------- launched EMPOWER app -- Unified Payment Interface app . HQ - Bengaluru
RELIANCE Life CEO--- Ashish Vohra
Chief of Bank Board Bureau------- Vinod Rai
UBI ( United Bank of India) MD ---- Pawan Kr. Bajaj
Bank of Baroda + Fisdom -- Personal wealth mgmt. services.
Govt. has set up an inflation target of 4% with the tolerance of + - 2% till march 2021.
JAPAN has recorded the largest current a/c surplus in the first half of 2016
HDFC + MAX group's LIC business will merge
NPA increased by 4% from last year
SYNDICATE BANK launched project ANANYA to improve digital banking services
Union Bank of India + NPCI launched USSD based *99# mobile application for their customers.
The first NASSCOM (Natiional Association of Software and Services) warehouse was launched at Rushikonda, Vishakhapatnam
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