Banking And Finance Current Affairs 2017 – Latest News, Books, Awareness, Terms

Banking And Finance Current Affairs

Dear Students, Are you searching details of Banking And Finance Current Affairs 2017 for competitive examinations? Then you have landed on the right page. We provide the latest updates related to Books, Awareness, Terms, and News on Banking And Finance. Check the below provided details and start preparation in all earnestness to secure a good job. Also go through the Banking And Finance Current Affairs 2017 for latest events and relevant information.

Banking And Finance Current Affairs

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Banking And Finance Current Affairs Highlights:

  • RBI issues final license to Paytm for conducting payment operations from May 23.
  • Specific Bank accounts can be identified with bank account number, IFSC code, mobile money identifier (MMID) number for IMPS, and customer relationship number.
  • As per the new RBI bank expansion norms, Banks have to open at least 25% of their outlets every year in unbanked rural centres.
  • RBI revised its PCA framework and placed business restrictions on IDBI and UCO banks in April-May 2017
  • RBI has strengthened its regulation and monitoring mechanism of bank capitals and non-performing assets (NPA).
  • RBI has taken no decision on introduction of Sharia banking in India.
  • The co-operative Kapol Bank has been ordered by RBI not to grant or renew loans and withdrawals without its permission.
  • RBI is coming up with a proposal to assist customers in retaining their bank account numbers while switching banks.
  • According to PTI reports, RBI has refused to comply with Supreme Court orders and make public the names of those who defaulted loans of more than 1 crore Rupees.
  • Kotak Mahindra Bank has raised more than 900 million US dollars in May 2017 by selling new shares to funds.
  • RBI released the Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) on March 31, 2017.
  • The domestic rating agency ICRA says the GST rates will not affect inflation.
  • Finance Minister Arun Jaitley says Central Government is committed to resolving bad debts and improve banking sector performance.
  • The SBI logo was designed by Shekhar Kamat with a blue circle and a small cut at the bottom. This logo has also been adopted by the newly merged associate banks.

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Updated: June 3, 2017 — 12:27 pm

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