Also, when can we accept the final result?
1. Army Day observed today
i. India observed 67th Army Day today.
ii. The day is celebrated to commemorate the day, when Lieutenant General (later Field Marshal) K M Cariappa on 15 January 1949 became the first Indian Commander-in-Chief of the Indian Army post Independence.
iii. He had succeeded General Sir Francis Butcher, the last British Commander-in-Chief of India.
iv. On the occasion of Army Day, Prime Minister Narendra Modi hailed the armed forces and soldiers saying the nation is proud of their sacrifices, dedication and determination.
2. RBI cuts Repo Rate by 25 basis points
i. The Reserve Bank of India today cut the repo rate by 25 basis points from 8% to 7.75% with immediate effect ahead of its sixth bi-monthly policy review on February 3, 2015.This is the first repo rate cut since May 2013.
ii. One basis point is one-hundredth of a percentage point.
iii. Consequently, the reverse repo rate under the LAF (Liquidity Adjustment Facility) stands adjusted to 6.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 8.75 per cent with immediate effect.
iv. The move is expected to bring down the borrowing costs in the economy, which the industry and the government believe is necessary to support the wobbly economic recovery.
Note: On Dec 2, 2014, RBI, in its fifth bi-monthly monetary policy statement, kept the key policy rates unchanged.
Current Rates are as follows:
1. Repo Rate - 7.75% (Changed)
2. Reverse Repo Rate - 6.75% (Changed)
3. CRR (Cash Reserve ratio) - 4% (Unchanged)
4. Bank Rate - 8.75% (Changed)
5. MSF (Marginal Standing Facility) - 8.75% (Changed)
6. SLR (Statutory Liquidity Ratio) - 22% (Unchanged)
3. Prabhu Nath Dwivedi conferred with Sahitya Akademi Award 2014
i. Well-known Sanskrit scholar Prabhu Nath Dwivedi conferred with Sahitya Akademi Award 2014 for Sanskrit language.
ii. He was awarded for his work Kanakalochanaha, a collection of 16 short-stories based on various social issues.
Note: i. Sahitya Akademi Award is conferred every year on writers who have shown outstanding works in one of the twenty-four major Indian languages.
ii. These twenty-four major Indian languages are Assamese, Bengali, Bodo, Dogri, English, Gujarati, Hindi, Kannada, Kashmiri, Konkani, Maithili, Malayalam, Manipuri, Marathi, Nepali, Oriya, Punjabi, Rajasthan, Sanskrit, Santhali, Sindhi, Tamil, Telugu, and Urdu.
4. World Bank cuts global economic forecast to 3%
i. World Bank projected the global economy will grow 3% per cent this year, lowered the earlier forecast of 3.4 per cent.
ii. The bank's economists see oil prices, which have lost more than half their value in the last six months, providing uneven benefits to major oil importers.
5. Anupam Shrivastava appointed CMD of BSNL
i. Appointments Committee of the Cabinet (ACC) approved appointment of Anupam Shrivastava as CMD (Chairman and Managing Director) of Bharat Sanchar Nigam Limited (BSNL).
ii. His appointment was pending from long. The Public Enterprise Selection Board (PESB) had shortlisted Anupam Shrivastava for the post of CMD of BSNL in 2013.
Note: His tenure as CMD was to begin from 1 May 2013 but the then Union Telecommunication Minister Kapil Sibal held back the recommendation and granted extension to R K Upadhyay till 30 June 2013.
6. World Bank assistance for building toilets in Chhattisgarh
i. World Bank will extend financial aid to build toilets in tribal-dominated villages of Chhattisgarh under Centre's flagship 'Swachh Bharat Abhiyan'
ii. World Bank will give an aid of Rs. 240 crore in next five years to the Centre for constructing toilets in households in the tribal areas and also for running proposed awareness campaigns.
7. UCO Bank won the MSME Banking Excellence Awards award 2014
i. UCO Bank has been awarded the "MSME Banking Excellence Awards- 2014" organised by CIMSME (Chamber of Indian Micro Small & Medium Enterprises) on January 10.
ii. The Kolkata-based lender bagged the award for the best bank for operational performance
iii. The bank Chairman, Arun Kaul, received the award from the Union MSME Minister, Kalraj Mishra.
8. India Ratings expects GDP to grow at 6.5% in 2015-16
i. A leading rating agency India Ratings (Ind-Ra) has estimated the industry to grow at 6.5 per cent in 2015-16 against the projected 3.6 per cent in the current fiscal.
ii. This, in turn is expected to boost the overall growth which could grow at 6.5 per cent in the next fiscal from 5.6 per cent this year.
9. Synd Mahila Sakthi scheme for women entrepreneurs
i. Syndicate Bank has launched a special advance scheme Synd Mahila Sakthi which aims to provide loans at low interest rates for empowering women entrepreneurs.
ii. Women entrepreneurs, can get loans of up to ₹5 crore at low interest rates under the Synd Mahila Sakthi scheme.
iii. The are no processing charges, and the bank has so far sanctioned 17,500 loans to women entrepreneurs.
10. Brett Lee retires from International Cricket
i. Former Australia fast bowler Brett Lee declares retirement from all formats of cricket today at the Sydney Cricket Ground.
ii. On 13 July 2012, Lee announced his retirement from all forms of international cricket but actively taking participation in Twenty20 format, both in the Indian Premier League and the domestic competition in Australia.
Note: During his international career, Lee was recognized as one of the fastest bowlers in the world of cricket
11. Swimmer Bhakti Sharma sets world record in Antarctic Ocean
i. India's open water swimmer Bhakti Sharma has set a world record by swimming 1.4 miles in 52 minutes in one degree temperature in the Antarctic Ocean.
ii. She breaks the earlier record of British open water swimmer Lewis Pugh and American swimmer Lynne Cox.
Note: The 24-year old is now the first Asian girl and youngest in the world to have achieved this feat.
Engineers appearing for ibps PO4 interview, are you revising your engineering subjects for interviews?
- Yes
- No
0 voters
ye IBPS PO Interview mein i m emphasizing more on bank terms, but this current affairs... how deep shud i prepare... i mean.. new appointments, obituary, books authors... shud i prepare like we did for written or what...?
IS it true that those who have got their interview dates on 19th have scored more than those who have interview on 23rd?????
1.what is the role of bank po?
2.what is his career progression?
What r u reading (for Interview)?
- Academics
- I m Rajni!
- HR Questions
- Current Affairs
- Banking Terms
0 voters
india is following wpi or cpi ...and why?
Anyone January 28 afternoon slot at Bank of India, Sector 62, Noida??
what is re-insurance... 'GIC IS SOLE NATIONAL RE-INSURER'? matlab?
hey check out these formal shoes..available on amazon for a deal price of 699/- ...in case if anybdy is lookng to buy 1
Our regular daily post is here. Continuing with our Interview Post #INTV, But before that advice to those who are going for interview on 19th onwards.
1. Avoids any stress related activities to keep your mind fresh
2. Avoid Drinking/ smoking and if cant avoid then Limit to minimum amount. Hangover is not good.
3. Please refer the fields related to your Hobbies and be up-to-date with recent happening in the field
4. Be thorough with your states details such as Cities, ministers, tourist spot lakes moutains forest, everything under the sun
Now for todays set of questions. As intended topic for today is channels of Banking. But also some personal questions.
#INTV8
1. Mobile: a. Which platform is used for this?.
2. Internet
RTGS, NEFT
3. ATM
a.List the features of an Advanced ATM machine
4. Branches
a. Cheque- What is CTS Cheque?,
b. Different types of check books?
c. What do you understand by Predated and post dated cheques,
d.What is bearer's cheque,
e.Cheque Bounces WHy?
f. Validity of cheques
B. Demand Draft what is it?
C. Withdrawl
1. What is a passbook?
5. DEMAT
For what this is used?. What do you understand by it?
6. Cards [Plastic Money]
a. What is credit and debit cards
b. WHat is Rupay Card
c. What is VISA Mastercard etc
7. What is Point- of - Sale?
what is charge for this kind of transaction?
Personal Questions
1. Can you justify any use for your Hobbies in the Banks?
2. Do you feel comfortable with Night shifts / weekends working
3. Not working for Long Periods of time. Any reasons.
For the Next All statutory Concepts /.Regulatory conditions Banks have to follow.
Claimer: This is Produced through my Own Imagination and Has been not copied from other sources
Corporate Social Responsibility(CSR):-
India is the first country to have corporate social responsibility (CSR ) legislation, mandating that companies give 2% of their net profits to charitable causes.
The new CSR law is a massive 294-page act that requires companies to set up a CSR board committee, allocate 2% of net profits in the last three years to CSR, and be reviewed at the end of each financial year by the board's director to ensure compliance.
The law applies to the following companies registered in India: those with net worth of 5 billion Rs. (approximately $80 million); turnover of 10 billion Rs. at least ($160 million); or net profit that exceeds 50 million Rs. ($830,000). According to the Economic Times, about 8,000 Indian companies meet this definition, which would equate to 12,000 -15,000 crore Rs. annually in giving (or nearly $2 billion).The corporate giants such as Wipro,Reliance, Tata, Airtel already have foundations and partake in philanthropic activities aimed at poverty reduction. But critics say that philanthropic funding is not always the smartest way to tackle India's serious social issues.
Traditionally in the United States, CSR has been defined much more in terms of a philanphropic model. Companies make profits, unhindered except by fulfilling their duty to pay taxes. Then they donate a certain share of the profits to charitable causes. It is seen as tainting the act for the company to receive any benefit from the giving.
The European model is much more focused on operating the core business in a socially responsible way, complemented by investment in communities for solid business case reasons.
The World Business Council for Sustainable Development in its publication 'Making Good Business Sense' by Lord Holme and Richard Watts, used the following definition.
Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large
ATB 👍 😃
First Interview date?? Guys please share your interview experience on this thread so that everybody get benefited. But before sharing just let us know: Place of interview, panel and your profession
"Do you want to ask anything from us?" how to handle this interview question
NIA RESULT OUT .
A new shock from IBPS...
http://www.ibps.in/career_pdf/IMPORTANT_NOTIFICATION_Tentative_Calendar.pdf
What is Money?
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.
So why can't we print more money and repay all debts, buy anything you want and leave everyone happy???
Because of this -
Say, a country has a total produce or goods worth $1 Million. And, the country's monetary authority(The central bank) decides to increase the money supply, say double the money in circulation. This means that everyone's wealth is now doubled. This means that everybody can afford more i.e. they can buy double of what they were buying previously. So everybody will want to spend their money and buy things (Rise in Demand).
Remember though, the total produce of the country is still $1 Million. So, the producers realizing that everybody is going to buy their products will exploit this opportunity to raise the prices resulting in overall price rise or Inflation; and suddenly an economy which was worth $1 million is now worth $2 million even though the total number of goods is still the same!
So you see that printing more money might make people richer but it will also make goods more costlier that People getting rich will be just be an illusion and nothing else!
This also will lead to a fall currency value. How?
Say initially the exchange rate of the same country was $1 = 10 units. But now, everybody has more money (Thanks to extra money printing!) but the amount of $ is still the same. So, the $1 = 15 units(say) which means the country's currency has weakened. You will have to pay more units of currency to get $1 than you earlier paid.
This can cause unemployment. How?
Since prices have risen all over, consumers will now not be able to manage the households with their current salaries( As you can see, salaries don't rise without a good appraisal cycle!) and hence, they will demand for more wages. The firms and offices will not be able to meet the rising demand for wages and start cost-cut measures by laying off workers!
All of this will in turn will slow down the economy!
So you see, Its a full cycle and that's why Central banks have to be careful on increasing or decreasing the printing of money.
Tentative Calendar of Examinations for CWE-IV for RRBs and CWE-V for Participating Organizations
http://ibps.in/career_pdf/IMPORTANT_NOTIFICATION_Tentative_Calendar.pdf
Now IBPS will conduct two exams preliminary as well as mains and then interviews !!!!
Basel 3
cet1=6%
Tier1 cap= 7% of RWA
Total cap= 9% 0f RWA
CAR=11.5%
Please Correct the Data whoever is know????