Economy, RBI, Banking Current Affairs 2017 Pdf (Month wise)


Economy, RBI, Banking Current Affairs 2017 Pdf – Dear Readers, here we are providing the latest Current Affairs related to Banking Industry, Recent Updates in Banking Sector (RBI/ World Bank/ ADB), Important Banking Awareness News, Month wise Current Affairs GK 2017 Economy, RBI, Banking News Pdf. And which will be asked in All competitive exams like UPSC, SSC, RRB, Bank PO, Clerk Exams IBPS, RRB, SBI, Manipal etc under general awareness with special reference to banking industry.

Latest Appointments in Banking Sector – Current Affairs GK 2017

Rajnish Kumar Takes Over as New SBI Chairman

IPPB Appoints Suresh Sethi as its MD & CEO

International Economic Association (IEA) president – Kaushik Basu

IDFC Bank MD and CEO – Sunil Kakar

Manappuram Home Finance MD – Jeevandas Narayan

Paytm Payments Bank CEO – Renu Satti

Deputy Governor of Reserve Bank of India – B P Kanungo (He has been appointed in place of R Gandhi)

LIC Managing Director – Hemant Bhargava

LIC Housing Finance new MD & CEO – Vinay Shah

Principal Economic Adviser – Sanjeev Sanyal (former MD of Deutsche Bank)

National Stock Exchange (NSE) new CEO and Managing Director – Vikram Limaye (former IDFC chief)

India Post Payments Bank (IPPB) interim Managing Director and CEO – AP Singh

Karnataka Bank Ltd new MD and CEO – Mahabaleshwara Mavinakudige Subrahmanya

Click here for Public Sector Banks CMDs, Head Offices, Taglines

Economy, RBI, Banking Current Affairs 2017 Pdf Download

Banking Awareness – October 2017

RBI clarifies why linking of Aadhaar with Bank Account is Mandatory

Banks to Provide Funds at 7% to Women SHGs under DAY-NRLM: RBI

Moody’s Affirms Rating on SBI’s Bond Programs

Yes Bank Commits Rs 156 cr for Namami Gange Project

IBM Launches Blockchain Banking Network To Speed Cross-border Payments

Yes Bank Partners with Abu Dhabi Global Markets for Collaboration on Fintech

Union Bank launches bilingual Android App

GDP May Grow at 7% in Financial Year 2017-18: NITI Aayog

Direct Tax Collections in First Half of Current Financial Year rise 15.8 percent

SBI to Set Up Country’s Largest Innovation Centre at Mumbai

RBI to soon Launch Financial Literacy Drive in 9 States

Vijaya Bank Inks MoU with HPCL for Digital Payments

Reserve Bank of India Opens Branch in Dehradun

Fourth Bi-monthly Monetary Policy Statement Released by RBI

Economy, RBI, Banking Current Affairs 2017 Pdf – June

Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country.

RBI initiates Prompt Corrective Action (PCA) against Bank of Maharashtra as NPA mounts

RBI has initiated prompt corrective action (PCA) for Dena Bank in view of high net non-performing assets and negative return on assets.

SBI, Tirumala Milk Products tie up for providing loans to dairy farmers

Aadhaar made mandatory for new bank accounts,transactions above Rs.50,000

According to the Code Compliance Rating of banks done by the Banking Codes and Standards Board of India (BCSBI) 2017, only one (IDBI Bank) out of 26 public sector banks got ‘high’ rating for their adherence to code compliance.

Indian Overseas Bank launches retail mart in Thiruvananthapuram

IRDAI takes over management of Sahara India Life Insurance

NHB approves merger between Aadhar Housing Finance and DHFL Vysya Housing Finance

Economy, RBI, Banking Current Affairs 2017 Pdf – May

EPFO has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%.

ICICI Bank chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.

India’s GDP projected to grow 7.4% in 2017-18: FICCI survey

The government has revised the base year of Wholesale Price Index, WPI and Index of Industrial Production, IIP to 2011-2012 from 2004-05.

India to grow at 7.7 per cent in 2018-19: IMF

Reliance, SAP launch ‘SARAL GST’ solution for taxpayers

India expected to achieve 7.1% growth this year: UN report

Economy, RBI, Banking Current Affairs 2017 Pdf – April

YES BANK has won the prestigious ‘Golden Peacock Innovative Product/ Service Award 2017’ (in Financial sector Banking) for its innovative mobile technology product SIMsePAY.

e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers.

India’s economy will grow by 7.2% in 2017-18, predicts World Bank

The International Monetary Fund (IMF) projected a growth for the world economy at 3.5 per cent in 2017.

Finance Ministry approves 8.65% interest rate on EPF

The Reserve Bank of India has set up two new Offices of the Banking Ombudsman for the State of Jammu and Kashmir (in Jammu) and Chhattisgarh (in Raipur).

The ICICI Bank Data Centre in Hyderabad has achieved the distinction of becoming the country’s first Platinum rated project under IGBC (Indian Green Building Council) Green Data Centre Rating System.

SBI surpassed ONGC to become most valued PSU stock in terms of market capitalization.

RBI signed MoU with the Royal Monetary Authority of Bhutan

SBI Card launched a unique credit card ‘SBI Card Unnati’, any SBI customer with a balance of at least Rs 25,000 in his/her savings account with the bank would be eligible for the Unnati credit card without the need for any credit score or credit history.

Economy, RBI, Banking Current Affairs 2017 Pdf – March

Goods and services tax (GST) is set to be rolled out from July 1, 2017

All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) will function as branches of State Bank of India from April 1, 2017.

Bharatiya Mahila Bank to be merged with SBI

ICICI Bank launches a new mobile app ‘Mera iMobile’ for rural customers

As per RBI data, ICICI Bank topped the list of banks that witnessed most number of frauds, SBI taking the second spot.

Non-Banking Finance Companies (NBFCs) cannot lend more than Rs.25,000 in cash against gold according to RBI.

SBI recently announced that penalty for non-maintenance of Minimum Average Balance (MAB) from April 1, 2017.

Axis, HDFC, ICICI to charge Rs. 150 after 4 cash transactions

Global rating agency Fitch stated that Indian economy will grow by 7.1% in the current fiscal, 2016-2017.

According to the Financial Times, China’s banking system has overtaken the eurozone to become the world’s biggest by assets.

HDFC Bank launched India’s first artificial intelligence based banking chatbot Electronic Virtual Assistant (EVA) for customer services.

NPAs of public sector banks at record high of Rs 6.8 lakh crore

According to the RBI, bank branches that refuse to exchange soiled notes from people will have to pay a penalty of Rs 10,000.

The government has shifted the responsibility of promoting digital transactions in the country to the Ministry of IT and Electronics (MEITY) from NITI Aayog.

IRDAI has imposed a penalty of Rs 20 lakh on ICICI Prudential Life Insurance Company.

Project Ananya – Syndicate Bank

Karur Vysya Bank (KVB) has been adjudged the ‘Best Small Bank for 2016’.

Economy, RBI, Banking Current Affairs 2017 Pdf – February Month

Karnataka Bank has bagged two ‘IBA-Banking Technology’ awards.

RBI Doubles Gold Loan Limit for Regional Rural Banks to Rs.2 lakhs

Government has allocated an amount of Rs 500 crore to India Post Payments Bank for the financial year 2017-18 to help it in setting up 650 branches across country by September 2017.

Union Government has decided to launch ‘Indradhanush 2.0’ for recapitalisation of public sector lenders so that the banks remain solvent and fully comply with the global capital adequacy norms namely Basel-III.

ICICI Securities inks partnership with Denmark’s Saxo Bank.

Bank of Baroda has tied up with IFFCO, to provide co-branded debit cards for farmers.

RBI declared that, 9.92 lakh crore new notes infused into market as on January 27, 2017.

RBI announced that, Inflation seen at 4-4.5% for April-September,2017.

HDFC Bank, Kotak Mahindra Bank go live with Bharat Bill Payment System (BBPS)

Ujjivan Small Finance Bank (CMD – Samit Ghosh) Starts Pilot Operation in Bengaluru

Axis Bank has tied up with Earthport Plc (a cross-border payment network)

Bank of Maharashtra has partnered with insurance company Cigna TTK Health

Corporation Bank has signed an agreement with Religare Health Insurance Co Ltd to market its products and services.

The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector banks in FY2017-18.

Govt has decided to set up a Dairy Processing and Infrastructure Development Fund in NABARD with a corpus of Rs 8,000 crores over three years.

If the income tax return is furnished after the due date but on or before the December 31 of the assessment year, there will be a fine of Rs 5,000 imposed. In other cases, there will be an imposition of a fine of Rs 10,000.

The General Anti Avoidance Rule (GAAR) will be effective from 1 April, 2017

Click here for Important Acts in Banking Sector Pdf

Economy, RBI, Banking Current Affairs 2017 Pdf – January Month

SBI has launched a wealth management product named ‘SBI Exclusif’ in Kochi, Kerala

Financial Action Task Force (FATF)

Wholesale reinsurance provider ‘Swiss Re’ has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai.

The Reserve Bank of India RBI has declared that Rescheduled Education Loans will not be considered for Computing NPAs.

Utkarsh Micro Finance launches its Small Finance Bank, this makes Utkarsh the third company to operate as small finance bank after Capital Local Area Bank & Ujjivan small finance Bank.

To educate awareness on banking codes at grass root level, The Banking Codes and Standards Board of India (BCSBI) will organise “know your rights” programme in all the states.

100% FDI under consideration in food processing sector.

Mumbai based dairy firm Kwality Ltd has signed an MoU with Bank of Baroda to provide Rs. 4000 crore loans to one lakh farmers

Punjab National Bank launched a Contactless Credit Card named ‘PNB Wave N Pay’.

Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on Bombay Mercantile Co-operative Bank for violations of norms related to KYC and anti-money laundering.

Government has clarified that Co-operative Banks are not authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS).

India’s biggest aircraft carrier ship INS Vikramaditya first to have ATM (State Bank of India) onboard.

World Bank Sanctions Rs 1,376 Cr For Tripura Power Upgradation.

Click here for Important Abbreviations in Banking Pdf

Economy, RBI, Banking Current Affairs 2017 Pdf



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