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Current Affairs

  • Garg was Director in CSIR-Indian Institute of Petroleum (IIP), Dehradun.
  • According to the report, in October-December 2014 (Quarter 4), Micromax controlled 22 percent market share in smartphones shipments in India compared to 20 percent market share of Samsung.
  • Union Railway minister Suresh Prabhu inaugurated India’s first compressed natural gas (CNG)-powered train.
  • The Seventh Vibrant Gujarat Summit was held from 11 January to 13 January 2015 in Gandhinagar, Gujarat and it was organised by the Government of Gujarat.
  • The proposed norms aimed to make it easier for domestic mutual funds to manage offshore pooled assets.
  • The Mars Orbiter Mission (MOM) Team of Indian Space Research Organization (ISRO) on 12 January 2015 won the 2015 Space Pioneer Award in the Science and Engineering category.
  • RBI Governor Raghuram Rajan received the Governor of the Year for 2015.
  • RBI Governor Raghuram Rajan received the Governor of the Year for 2015.
  • French satirical weekly magazine Charlie Hebdo was in news in first week of January 2015 after being attacked by three masked gunmen. 12 people of the office were killed in the attack.
  • Kiran Kumar became eighth Chairman of ISRO after succeeding K Radhakrishnan who retired on 31 December 2014.
  • The event concluded with giving away Pravasi Bharatiya Samman awards to 15 members of the Indian Diaspora by the Vice-President Hamid Ansari.
  • Kolinda belongs to the conservative Croatian Democratic Union (HDZ) party and is a former Assistant Secretary General at NATO and former Croatian ambassador to the United States.
  • Adani Enterprises and US-based SunEdison signed a joint venture (JV) to build the solar park at Mundra, Gujarat in India.
  • Vice President of India Mohammad Hamid Ansari on 9 January 2015 presented the Pravasi Bharatiya Samman Awards 2015 to sixteen personalities.
  • Vice President of India Mohammad Hamid Ansari on 9 January 2015 presented the Pravasi Bharatiya Samman Awards 2015 to sixteen personalities.
  • Kumar Sangakkara became the fastest cricketer to reach 12000 Test runs. He achieved the milestone in 224th innings played against New Zealand.
  • Union Government launched integrated women safety mobile app called Himmat.
  • A.K. Mittal succeeded Arunendra Kumar as the Chairman of Railway Board. Arunendra Kumar superannuated from Railway Services on 31 December 2014.
  • One of India's greatest Test Captains MS Dhoni has decided to retire from Test Cricket citing the strain of playing all formats of Cricket.
  • This was revealed by the figures released by Dubai Customs on 28 December 2014 that provides trade data for the first nine months of 2014.
  • Foreign Exchange Reserves of India reached 320 billion US dollars on the back of a massive jump in foreign currency assets.
  • Raghubar Das was sworn-in as the first non-tribal Chief Minister of Jharkhand. BJP fought the election with AJSU and garnered 42 seats out of 81 seats.
  • Former Prime Minister Atal Bihari Vajpee and freedom fighter Pandit Madan Mohan Malaviya (posthumously) will receive Bharat Ratna.
  • Former Prime Minister Atal Bihari Vajpee and freedom fighter Pandit Madan Mohan Malaviya (posthumously) will receive Bharat Ratna on January 26, 2015.
  • China and Nepal signed an agreement to expand the use of their currencies for border trade.
  • The CIL was without a full time chief from May 2014 when S Narsing Rao had resigned from the post.
  • The Committee will be headed by former Supreme Court Judge Justice (retired) G.P. Mathur. It will submit its report till April 2015.
  • 29th National Consumers Right Day was observed across India.
  • BJP wins majority in Jharkhand in Legislative Assembly Elections. In J&K the party gets 25 seats following PDP.
  • Section 309 Indian Penal Code (IPC) was in news recently as Union Home Ministry decided to remove 309 Section.
  • The results of 2014 Presidential elections of Tunisia were declared on 22 December 2014. Beji Caid Essebsi of Nidaa Tounes party won the elections with 55.68 percent vote
  • Union Government calendar for the year 2015 was released with the theme Clean India Green India.
  • Sachin Tendulkar was appointed as the World Cup 2015 Ambassador announced by the International Cricket Council (ICC).
  • Union Home Ministry on 19 December 2014 issued guidelines to step up security in Schools in the wake of attack on an Army-run school in Peshawar.
  • Jakarta Governor Joko Widodo won the Indonesian presidential elections on 22 July 2014.
  • The Indian Contingent won five medals in 45th International Physics Olympiad (IPHO2014) held in Astana, Kazakhstan
  • Germany was ranked number One in the latest release of the FIFA's world rankings released on 17 July 2014.
  • Union Cabinet of India Approved to Classify Malayalam as the Classical Language
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Banking Awareness

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  • RBI amended KYC norms for NBFC’s, as they were facing practical difficulties and constraints in getting KYC documents at frequent intervals.
  • RBI to suck out currency notes printed before 2005.
  • Earlier, Koteeswaran was serving as Executive Director of Bank of India.Koteeswaran began his career in 1976 in Bank of Baroda and later joined Bank of India as its Executive Director.
  • The change in name came in to effect after the promulgation of Insurance Laws (Amendment) Ordinance, 2014, by the President of India on 26 December 2014.
  • Union Cabinet approved promulgation of an Ordinance to hike FDI cap in the insurance sector to 49 percent.
  • The CIL was without a full time chief from May 2014 when S Narsing Rao had resigned from the post.
  • The RBI extended the deadline for exchanging pre-2005 of various denominations till 30 June 2015. Earlier, the deadline was 1 January 2015.
  • Reserve Bank of India on 22 December 2014 issued guidelines to define non-cooperative borrowers and fixed the cut off limit for classifying non-cooperative borrowers.
  • Shyam Srinivasan was on 19 December 2014 appointed as the Chairman of the reconstituted Indian Banks’ Association committee on Member Private Sector Banks for 2014-15.
  • Ford Credit India is a subsidiary of Ford Motor Credit Company.The company will start automotive financing in India by first quarter of 2015.
  • GEP report of World Bank has revised down the economic growth forecast of developing world in 2014 to 4.8 percent from 5.3 percent
  • Reserve Bank has authorised three non-banking entities for setting up white label ATMs with a view to increase financial inclusion.
  • Canara Bank opened its seventh overseas branch in New York, USA after London, Leicester (UK), Hong Kong, Shanghai, Bahrain and Johannesburg.
  • Certificates of authorisation has been issued to BTI Payments Pvt Ltd, Srei Infrastructure Finance Ltd, and RiddiSiddhi Bullions Ltd.This is in addition to the four entities already authorised to operate as WLAs namely Tata Communications Payment Solutions, Prizm Payment Services Pvt. Ltd, Muthoot Finance Limited and Vakrangee Ltd.
  • One can invest into foreign stocks from 75,000 Us Dollar to 1.25 Lakh US Dollar
  • Bandhan Financial Services and IDFC have been given Banking License
  • According to RBI guidlines, a new bank must open at least 25% of its branches in rural areas.
  • Bhartiya Mahila Bank has been included in second schedule to RBI Act 1935
  • All new ATM’s installed from July 1, 2014 should be “talking ATMs” with Braille keypads
  • Raghuram Govind Rajan is the 23rd Governor of the Reserve Bank of India(RBI)
  • The RBI's directive came on its prior advice to banks to make bank branches and ATMs accessible to people with disabilities and make at least one-third of the new ATMs installed as talking ATMs with Braille keypads.
  • SBI Chairperson Arundhati Bhattacharya said that the RBI would issue guidelines allowing minors over 10 years to operate bank savings accounts independently and use facilities such as ATMs and cheque books.
  • The Reserve Bank of India constituted on 9 December 1991, a Committee under the Chairmanship of Shri P.R. Nayank, Deputy Governor to examine the difficulties confronting the small scale industries (SSI) in the country in the matter of securing finance.
  • RBI allowed banks to provide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfill long-term contracts
  • The government should cut its stakes in state banks to below 50 per cent and establish "fully empowered" bank boards, the committee chaired by former Axis Bank Chief Executive P. J. Nayak propose.
  • Bandhan to start banking operations with 600 branches
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