Professional Documents
Culture Documents
Entrances.
Can any insured bank withdraw from the DICGC Is there any minimum and maximum cash
coverage? withdrawal limit per day?
No. The deposit insurance scheme is compulsory and Yes, broadly the withdrawal limits are set by the card
no bank can withdraw from it. issuing banks. This limit is displayed at the respective
ATM locations.
ATM
What is an Automated Teller Machine (ATM)?
Automated Teller Machine is a computerized machine
that provides the customers of banks the facility of
accessing their account for dispensing cash and to carry
out other financial & non-financial transactions without
the need to actually visit their bank branch.
Financial inclusion
Financial inclusion involves
MICR Code: Magnetic ink character recognition
1) Give formal banking services to poor people in
(MICR) is a character-recognition technology used
urban & rural areas.
mainly by the banking industry to ease the processing
2) Promote habit of money-savings, insurance,
and clearance of cheques and other documents. It is at
pension-investment among poor-people.
the bottom of cheques and other vouchers and typically
3) Help them get loans at reasonable rates from
includes the document-type indicator, bank code, bank
normal banks. So they don‘t become victims in the
account number, cheque number, cheque amount, and
hands of local moneylender.
a control indicator.
Three important initiatives taken by RBI for
MSME and SME: Micro Small and Medium Enterprises
financial inclusion:
(MSME), and SME stands for Small and Medium
1) Lead banking scheme (LBS).
Enterprises. This is an initiative of the government to
RBI asked every bank to choose a particular district.
drive and encourage small manufacturers to enjoy
That Bank will be responsible for promoting banking
facilities from banks at concessional rates.
services and financial literacy, in that district.
2) No frills account replaced in 2012 by BSBDA-
Poor people can open bank accounts with ZERO
LIBOR: London InterBank Offered Rate. An interest
balance on 10th august 2012 no frills replaced by basic
rate at which banks can borrow funds, in marketable
saving bank account
size, from other banks in the London interbank market.
What do you know by currency chest? Unclaimed Deposits and Inoperative/ Dormant
Currency chests are operated by RBI so that they can Accounts
provide good quality currency notes to the public. 1. UCBs should carry out an annual review of accounts
However, RBI has appointed commercial banks to open in which there are no operations (i.e. no credit or debit
and monitor currency chests on behalf of RBI. The cash other than crediting of periodic interest or debiting of
kept in currency chests is considered to be kept in RBI. service charges) for more than one year. The banks
may approach the customers and inform them in
What do you mean by narrow banking? writing that there has been no operation in their
It is the system of banking under which the bank accounts and ascertain the reasons for the same.
accepts deposits from the public and places the funds 2. If the letters are returned undelivered, they may
accepted in 100 percent risk free assets with maturity immediately be put on enquiry to find out the
matching for its liabilities. The bank takes no risk of whereabouts of customers or their legal heirs in case
lending at all. they are deceased.
What is a small coin depot? 3. A savings as well as current account should be
Some bank branches are also authorised to establish treated as inoperative / dormant if there are no
Small Coin Depots to stock small coins. The Small Coin transactions in the account for over a period of two
Depots also distribute small coins to other bank years.
branches in their area of operation.
REVERSE MORTGAGE LOAN
The scheme of reverse mortgage has been introduced
for the benefit of senior citizens owning a house but
Basel III Accord - Basel 3 Norms (c) Countercyclical Buffer: The countercyclical buffer
Basel III or Basel 3 released in December, 2010 is the has been introduced with the objective to increase
third in the series of Basel Accords. These accords deal capital requirements in good times and decrease the
with risk management aspects for the banking sector. same in bad times. The buffer will slow banking
activity when it overheats and will encourage lending
What does Basel III is all About ? when times are tough i.e. in bad times. The buffer will
According to Basel Committee on Banking Supervision range from 0% to 2.5% of RWAs, consisting of
"Basel III is a comprehensive set of reform measures, common equity/shares or other fully loss-absorbing
developed by the Basel Committee on Banking capital.
Supervision, to strengthen the regulation, supervision
and risk management of the banking sector". (d) Minimum Common Equity and Tier 1 Capital
What are the objectives / aims of the Basel III Requirements : The minimum requirement for
measures ? common equity, the highest form of loss-absorbing
Basel 3 measures aim to: capital, has been Minimum Common Equity(the highest
→ improve the banking sector's ability to absorb form of loss-absorbing capital) raised under Basel III
shocks arising from financial and economic stress, from 2% to 4.5% of total risk-weighted assets. The
whatever the source overall Tier 1 capital requirement, consisting of not only
→ improve risk management and governance common equity but also other qualifying financial
→ strengthen banks' transparency and disclosures. instruments, will also increase from the current
minimum of 4% to 6%. Although the minimum total
What are Three Pillars of Basel III Norms? capital requirement will remain at the current 8% level.
Pillar 1: Minimum Regulatory Capital
Requirements based on Risk Weighted Assets (RWAs) (e) Leverage Ratio: A leverage ratio is the relative
: Maintaining capital calculated through credit, market amount of capital to total assets (not risk-weighted).
and operational risk areas.(MAINLY THAT CAPITAL This aims to put a cap on swelling of leverage in the
WHICH CAN ABSORB RISK.) banking sector on a global basis. 3% leverage ratio of
Pillar 2 : Supervisory Review Process : Regulating Tier 1 will be tested before a mandatory leverage ratio
tools and frameworks for dealing with is introduced in January 2018.
peripheral(OUTER) risks that banks face.
Pillar 3: Market Discipline : Increasing the (f) Liquidity Ratios: Under Basel III, a framework for
disclosures that banks must provide to increase the liquidity risk management will be created. A new
transparency of banks Liquidity Coverage Ratio (LCR) and Net Stable Funding
Ratio (NSFR) are to be introduced in 2015 and 2018,
What are the Major Features of Basel III ? respectively.
(a) Better Capital Quality : One of the key
elements of Basel 3 is the introduction of much stricter TAGLINES OF DIFFERENT BANKS
definition of capital. It means capital with the higher 1. Allahabad Bank A tradition of trust
loss-absorbing capacity. This in turn will mean that 2. Andhra bank For all your needs
banks will be stronger, allowing them to better 3. Bank of Baroda India‘s international bank
withstand periods of stress. 4. Bank of India Relationships beyond banking
(b) Capital Conservation Buffer: Another key 5. Bank of Maharashtra One family one bank
feature of Basel iii is that now banks will be required to 6. Canara Bank Together We Can
hold a capital conservation buffer of 2.5% of RWAs. 7. Central bank ―Central‖ to you since 1911
CCB-aims to conserve the capital of banks by making a 8. Dena Bank Trusted Family Bank
buffer/reserve FOR CRISIS situation . The aim of 9. Indian Bank Taking banking technology to the
asking to build conservation buffer is to ensure that common man
banks maintain a cushion of capital that can be used to 10. Oriental bank of Commerce Where every
individual is committed
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 17
11. Punjab National Bank The name you can bank Bank of Baroda Vadodra
on
12. State bank of India With you all the way BANKING ABBREVIATIONS
13. Syndicate bank Your faithful & friendly financial 1. PSBs: PUBLIC SECTOR BANKS
partner 2. SNBCs: SCHEDULE NON COMMERCIAL BANKS
14. Vijaya Bank A friend you can bank on 3. SENSEX: SENSITIVE INDEX OF STOCK EXCHANGE
4. GNP: GROSS NATIONAL PRODUCT
RUPAY CARD 5. KYC: KNOW YOUR CUSTOMER
a) RuPay is the Indian domestic card payment network 6. RTGS: REAL TIME GROSS SETTLEMENT
set up by National Payments Corporation of India 7. NEFT: NATIONAL ELECTRONIC MONEY TRANSFER
(NPCI) at the behest of banks in India. The RuPay 8. EFT: ELECTRONIC FUND TRANSFER
project had been conceived by Indian Banks Association 9. CBS: CORE BANKING SOLUTIONS
(IBA) and had the approval of Reserve Bank of India 10. LIBOR: LONDON INTERBANK OFFERED RATE
(RBI). 11. MIBOR: MUMBAI INTERBANK OFFERED RATE
b) National Payments Corporation of India (NPCI) has a 12. MIBID: MUMBAI INTERBANK BID RATE
plan to provide a full range of card payment services 13. SARFAESI: SECURITISATION AND
including the RuPay ATM, RuPay Micro-ATM, Debit, RECONSTRUCTION OF FINANCIAL ASSETS AND
Prepaid and Credit Cards which will be accepted in India ENFORCEMENT OF SECURITY INTEREST
and abroad, across various channels like POS, Internet, 14. CAMELS: CAPITAL ADEQUECY RATIO, ASSET
IVR and mobile etc. QUALITY, MANAGEMENT OF EFFECTIVENESS,
c) All Public Sector Undertakings (PSU) banks set to join EARNING OF PROFITABILITY, LIQUIDITY, SYSTEM
RuPay system by the end of year 2012. AND CONTROLS
d) The government of India had launched India‘s first 15. CAR: CAPITAL ADEQUECY RATIO
domestic payment card network, RuPay, to compete 16. FIIs: FOREIGN INSTITUTIONAL INVESTMENTS
with Visa Inc and Mastercard Inc. 17. FDI: FOREIGN DIRECT INVESTMENT
18. IPO: INITIAL PUBLIC OFFERING
Objectives of RuPay: 19. MICR: MAGNETIC INK CHARACTER READER
The Main Objective of the RuPay payment network 20. BIRD: BANKERS INSTITUTE OF RURAL
project is to reduce the overall transaction cost and DEVELOPMENT
develop products appropriate for financial inclusion. 21. IBA: INDIAN BANK ASSOCIATION
22. BPLR: BENCHMARK PRIME LENDING RATE
Headquarters of NATIONALIZED BANKS 23. ICICI: INDUSTRIAL CREDIT AND INVESTMENT
Allahabad Bank Kolkata CORPORATION OF INDIA
Bank of India Mumbai 24. HDFC: HOUSING DEVELOPMENT FINANCE
Bank of Maharashtra Pune CORPORATION
Canara Bank Bangalore 25. IRDA: INSURANCE REGULATORY AND
Central Bank of India Mumbai DEVELOPMENT AUTHORITY
Corporation Bank Mangalore 26. SWOT: STRENGETH, WEEKNESSES,
Dena Bank Mumbai OPPORTUNITIES AND THREATS
Indian Bank Chennai 27. SWIFT: SOCIETY FOR WORLDWIDE INTERBANK
Indian Overseas Bank Chennai FINANCIAL TELECOMMUNICATION
Oriental Bank of Commerce New Delhi 28. FERA: FOREIGN EXCHANGE REGULATORY ACT
Punjab National Bank New Delhi 29. FEMA: FOREIGN EXCHANGE MANAGEMENT ACT
Punjab & Sind Bank New Delhi 30. CASA: CURRENT AND SAVING ACCOUNT
State Bank of India Mumbai 31. NDTL: NET DEMAND & TIME LIABILITIES
Syndicate Bank Manipal 32. NASDAQ: NATIONAL ASSOCIATION FOR
UCO Bank Kolkata SECURITIES DEALERS AUTOMATED QUOTATIONS
Union Bank of India Mumbai 33. CIBIL: CREDIT INFORMATION BUREAU OF INDIA
United Bank of India Kolkata LIMITED
Vijaya Bank Bangalore 34. NAV: NET ASSET VALUE
Andhra Bank Hyderabad 35. ICRA: INDIAN CREDIT RATING AGENCY
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 18
36. CARE: CREDIT ANALYSIS AND RESEARCH LIMITED insurance sector to 49 per cent from the present
37. WMAs: WAYS AND MEANS ADVANCES 26 percent.
38. ALM: ASSET LIABILITY MANAGEMENT 7. IndusInd Bank entered into an agreement to
39. INFINET INDIAN FINANCIAL NETWORK acquire Royal Bank of Scotland's Diamond &
Jewellery Financing business in India and related
CURRENT AFFAIRS CAPSULE deposit portfolio.
8. ICICI Bank in collaboration with Tech Mahindra
FINANCIAL & BANKING NEWS launched a payment service ‗Tap-n-Pay‘ based on
1. RBI approves the merger of Kotak Mahindra-ING the near-field communications (NFC) technology,
Vysya. enabling customers make over-the-counter
2. Bharti AXA General Insurance launched Smart payments without using cash.
Traveller. 9. Bharatiya Mahila Bank Ltd has entered into MoUs
3. Dena Bank on 6 April 2015 signed a Memorandum with New India Assurance Company Ltd and Life
of Understanding (MoU) with Life Insurance Insurance Corporation of India to provide
Corporation (LIC) of India to provide insurance insurance cover to its accountholders.
cover to all Aadhaar-linked savings account holders 10. RBI has modulated PSL norms which stipulate that
of the bank in the age group of 18 to 50 years. banks operating in India must offer 40% of all
4. PM Narendra Modi launched the Rs 20,000 cr Micro loans to farmers, small entrepreneurs and so-called
Units Development Refinance Agency (MUDRA) weaker sections of society.
Bank and said , ―the aim of the bank is to fund the 11. Bank of India has partnered with insurance
unfunded small entrepreneurs and to strengthen companies New India Assurance Co and Star Union
savings habit in the country‖. Dai-ichi Life Insurance to roll out the government‘s
social security insurance schemes.
12. Bank of Baroda, a leading Indian public sector
bank, has tied up with UAE Exchange to offer an
instant cash transfer facility to NRI customers.
13. Bharatiya Mahila Bank (BMB) has won The Asian
Banker Achievement Award 2015.
14. The government has raised the limit of foreign
direct investment in pension sector to 49 per cent
in line with the FDI cap in the insurance sector.
15. Corporation Bank and New India Assurance
Company Ltd signed a memorandum of
understanding (MoU) for implementing Pradhan
Mantri Suraksha Bima Yojana [PMSBY], central
government`s scheme to provide security against
personal accidental risk and permanent or partial
disability.
16. Insurance Australia Group (IAG) has decided to
increase its stake in State Bank of India‘s general
insurance arm to 49 per cent from 26 per cent.
17. IndusInd Bank has agreed to buy Royal Bank of
Scotland‘s diamond and jewellery financing
business in India.
18. Country's second largest private sector lender
5. IFCI Ltd has now become a state- owned firm with
HDFC Bank launched '30-min auto' and '15-min 2-
the government increasing its stake in the
wheeler' loan schemes, for which customers have
infrastructure financing firm to 51.04 per cent.
to provide only their biometric details.
6. The Reserve Bank notified government's decision
19. Private insurer Bajaj Allianz has launched a
to raise foreign direct investment (FDI) limit in the
weather-based crop insurance scheme for orange
Padma Vibhushan:
1. LK Advani- Public Affairs- Gujarat
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 33
2. Amitabh Bachchan- Art- Maharashtra of Tripura bordering Brahmanbaria district of
3. Prakash Singh Badal- Public Affairs- Punjab Bangladesh.
4. Prof Malur Ramaswamy Srinivasan- Science and 13. Maharashtra Industrial Development Corporation
Engineering- Tamil Nadu (MIDC) has inked memorandum of understanding
5. Kottayan K. Venugopal- Public Affairs- Delhi (MoU) with state-run Small Industries Development
Bank of India (SIDBI) to provide easy finance to
Place in News micro, small and medium enterprises (MSMEs) for
1. India's first International Financial Services Centre their growth.
(IFSC) at Gujarat International Finance Tec (GIFT) 14. Tripura government decides to withdraw AFSPA
City in Gandhinagar district of Gujarat became from state.
operational and Finance Minister Arun Jaitley
unveiled rules and regulations for this global Person in News
financial hub. 1. Indian Prime Minister Narendra Modi is the winner
2. Larsen & Toubro (L&T) has announced signing a of this year‘s reader poll for TIME Person of the
memorandum of understanding (MoU) with AREVA Year.
of France for co-operation to maximise localisation 2. Vankadarath Saritha, a 30-year-old driver became
of the EPR nuclear power plant to be built at first woman bus driver to be inducted in Delhi
Jaitapur, Maharashtra. Transport Corporation (DTC).
3. The National Tiger Conservation Authority (NTCA) 3. Rajya Sabha member Sitaram Yechury was elected
has accorded final approval to two national parks the fifth general secretary of the Communist Party
i.e. Kudermukh National Park in Karnataka and of India (Marxist).
Rajaji National Park in Uttarkhand for being 4. Jayaram Jayalalitha cleared of corruption charges.
declared as tiger reserves. 5. An Egyptian court has sentenced ousted President
4. State-run BSNL, with the Army's assistance, today Mohammed Morsy to death.
operationalised a mobile tower at an altitude of 6. Four Indians have been named in Forbes
16,000 feet in Eastern Ladakh region of Jammu and magazine‘s 12th annual list of World‘s 100 most
Kashmir. powerful women. These are: Arundhati
5. Migrant Resource Centre (MRC) was set up in Bhattacharya, Chanda Kochhar, Kiran Mazumdar
Chennai by the Union Ministry of Overseas Indian Shaw & Shobhana Bhartia.
Affairs (MOIA) and Tamil Nadu state government. 7. Tanishq Abraham 11-year old Indian-American
6. Rajasthan topped the list of states commissioning creates record by graduating from California
grid connected solar power projects in the country College.
with an installed capacity of 1147 megawatt. 8. Parvinder Singh Batth, becomes first Sikh mayor in
7. Maharashtra has officially declared Blue Mormon United Kingdom‘s Wokingham Borough Council.
species as State butterfly as part of state symbols. 9. Indian-American Harkeert Singh Saini won
8. Election Commission of India (ECI) has suspended Prestigious Police Award in Texas.
recognition of the PA Sangma-led National People‘s
Party (NPP) which was a recognized state party in Agreements
Meghalaya. 1. A Memorandum of Understanding (MoU) was signed
9. Jaipur Metro, touted as one of the fastest built on 18 April 2015 between Rail Vikas Nigam Limited
metro systems in the country, was thrown open to (RVNL) and Dighi Port Limited to facilitate
public. construction of 34 km of railway link between Roha
10. The sprawl of the National Capital Region (NCR) and Dighi Port in Raigad district of Maharashtra.
just got bigger as the nod has been given for the 2. India, Thailand sign multiple agreements including
inclusion of Muzaffarnagar district of Uttar Pradesh double taxation avoidance treaty.
and the Jind and Karnal districts of Haryana. 3. India and United States have signed a series of
11. Nitin Gadkari inaugurated the India‘s first of its kind agreements on health in order to enhance
State-of-the-Art Tier-I Oil Spill Response Centre for cooperation in health sector.
Mumbai & JNPT Harbour. 4. India and Belarus decided to work together on
12. Second border haat (rural market) was opened for defence and security issues as President Pranab
common people at Kamalasagar in Sipahijala district Mukherjee met his Belarusian counterpart and
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 34
agreed on a 17-point road map aimed at 6. C.S Verma steps down as SAIL CMD.
strengthening mutual trust and confidence. 7. TN CM O Panneerselvam resigns, makes way for
5. The Loan and Project Agreements for World Bank Jayalalithaa to take over as the CM.
(IBRD) assistance of US$ 400 million for Tamil Nadu
Sustainable Urban Development Project were signed Books & Their Authors
between the Government of India/ Government of
Tamil Nadu and World Bank. 1. Transcendence: My Spiritual Experiences with
6. India and the US signed a new strategically Pramukh Swamiji written by Abdul Kalam
important 10-year defence framework pact 2. Book titled Modi - Incredible emergence of a star in
envisaging joint development and manufacture of Chinese language written by Tarun Vijay
defence equipment and technology including jet 3. Education of Muslims: An Islamic Perspective of
engines, aircraft carrier design and construction. Knowledge and Education – Indian Context edited
7. India, Bangladesh make history with land swap - by Professor JS Rajput.
India and Bangladesh sealed a historic agreement 4. Pakistan's Ex-Foreign Minister Khurshid M Kasuri
that will settle a 41-year-old land boundary dispute penned 'Neither a Hawk nor a Dove'
through exchange of territories, removing a major 5. Former Lok Sabha Speaker Meira Kumar‘s book
irritant in bilateral ties. entitled ―Indian Parliamentary Diplomacy –
8. Union Cabinet meet chaired by Prime Minister Speaker‘s Perspective‖ was released.
Narendra Modi has approved the signing of 6. PM Narendra Modi launched Born Again on the
Bangladesh, Bhutan, India and Nepal (BBIN) Motor Mountain by Arunima Sinha
Vehicle Agreement. 7. Prince of Gujarat: The Extraordinary Story of
9. India to tie up with Iran for Chabahar port. Prince Gopaldas Desai released authored by
10. Government declared 11 pacts that signed between Rajmohan Gandhi.
India, Germany at Hannover fair. 8. Rajdeep Sardesai penned the book titled 2014: The
11. The Union Cabinet gave its nod for revising the Election That Changed.
existing double taxation avoidance agreement 9. Book titled Letters for a Nation written by
(DTAA) with South Korea. Jawaharlal Nehru & Madhav Khosla was published
12. World's largest steel maker ArcelorMittal and SAIL by Allen Lane an imprint of Penguin Books .
inked a pact to jointly setup a steel plant in India 10. Next China-India War- World's First Water War –
for the fast growing automotive sector. authored by General S. Padmanabhan released.
13. Gujarat government and Chinese software firm ZTE- 11. The book titled Black Tornado: The Three Sieges of
soft have entered into an agreement for smart city Mumbai 26/11 authored by Sandeep Unnithan.
projects in the state. 12. President of India Pranab Mukherjee penned a book
14. The India Meteorological Department (IMD) under titled The Dramatic Decade: The Indira Gandhi
the Union Ministry of Earth Sciences on 18 May Years.published by Rupa.
2015 signed Memorandum of Understanding (MoU) 13. Biography My Name is Abu Salem released written
with Power System Operation Corporation Ltd by S Hussain Zaidi and published by Penguin.
(POSOCO) for optimum use of weather 14. 'Playing it My Way': Author - Sachin Tendulkar &
information/forecast in the power sector. Boria Majumdar
15. ―Half Girlfriend‖ - written by Chetan Bhagat
Resign/Retired 16. ―The Narrow Road to the Deep North‖ authored by
1. Vijay Kelkar resigns from Tata Chemicals' Board. Richard Flanagan
2. United Nation (UN) peace envoy to Yemen, Jamal 17. ―Untold Story of Indian Public Sector‖ - authored
Benomar has resigned, after losing support from by Dr UD Choubey,
Gulf countries for his mission in the conflict-riven 18. ―Final Test: Exit Sachin Tendulkar‖ authored by
nation. Dilip D‘Souza
3. Union Ministry of Statistics and Programme 19. ―A Man and a Motorcycle, How Hamid Karzai Came
Implementation (MOSPI) has sacked Dr Bimal K Roy to Power‖: written by Bette Dam
as the Director of Indian Statistical Institute (ISI). 20. And Then One Day: Naseeruddin
4. Dick Costolo resigned as CEO of Twitter Inc. Shah's autobiography
5. Fifa president Sepp Blatter resigned. 21. God of Antarctica written by Yashwardhan Shukla:
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 35
22. ―One Life is Not Enough‖ : written by Kunwar 7. US president Barack Obama visited India in the late
NatwarSingh January.
23. A book ―Munger through the Ages‖ authored by late 8. Mark Zuckerberg: Facebook founder visited India
Devendra Prasad Yadav 9. Amazon founder Jeff Bezos visited India.
24. The Lives of Others‖ a novel written by: 10. Frank Walter: Foreign Minister of Germany visited
Neel Mukherjee India
25. The Substance and the Shadow: written by Uday
Tara Nayar, a former journalist. OBITUARY
26. Blood Feud written by Edward Klein 1. Malli Mastan Babu, India's ace mountaineer passes
27. A Bad Character: authored by Deepti Kapoor. away
28. The Good, the Bad and the Ridiculous - 2. Renowned Assamese filmmaker and actor Bidyut
Khuswant Singh Chakraborty breathed his last in a private nursing
29. Train To Pakistan - Khuswant Singh home in Guwahati after brief illness.
30. An Uncertain Glory: India and its Contradictions - 3. Former Governor of Assam and three-time Chief
Jean Dreze and Amartya Sen. Minister of Odisha Janaki Ballav Patnaik passed
away.
4. Sister Nirmala Joshi, former Superior General of
Missionaries of Charity passed away in Kolkata after
brief illness at the age of 81.
5. Former Indian women hockey team captain Shashi
Bala passed away on 21 June 2015.
6. Charles Correa, face of contemporary architecture
in India passes away.
7. 2004 Nobel Chemistry winner Irwin Rose dies.
8. Legendary actor Sir Christopher Lee passes away.
9. Sheila Kaul, former Governor of Himachal Pradesh,
died.
10. Aruna Shanbaug, the former nurse at KEM Hospital
here who was brutally sexually assaulted by a ward
boy, passed away.
Leader’s visited India/World 11. John Forbes Nash Jr., the Princeton University
1. North Korea‘s top diplomat, Ri Su-yong, arrived in mathematician, died along with his wife in a car
India on a rare visit where Delhi hosted the meet. crash.
Ri became the first North Korean foreign minister to
visit India in at least 25 years. RECENT VISITS OF PRIME MINISTER
2. Pranab Mukherjee visited Sweden.
3. Bangladesh President Abdul Hamid arrives in 1. China: 14 – 16 May
Kolkata on a six-day official visit during which he * Highlights:
held talks with the Indian leadership with an aim to Modi will a three-nation tour of China, Mongolia and
further strengthen the already close bilateral South Korea from May 14 to 19.
relations between the two countries. *According to officials, the visit is aimed at giving a
4. Tamim bin Hamad Al Thani emir of Qatar visited boost to the East Asia policy aligning it with Make in
India from March 24-25, 2015 India initiatives and bringing momentum to the
5. Maithripala Sirisena, President of Sri Lanka visited country‘s foreign policy in the strategically significant
India February 15-18, 2015 region.
A. During the Modi's visit, India would seek greater
Significance - First foreign visit of the Sri lankan market access, removal of non-tariff barriers and
President after taking office on 9 January 2015 investments in sectors such as defence.
6. Nguyen Tan Dung: Vietnam Prime Minister visited B. China has already signed MoUs to set up industrial
India parks in India.
Key persons--Xi Jinping (President)
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 36
5. Germany: 12 – 14 April
2. Mongolia: 16 – 17 May
Highlights:
Highlights: The PM‘s visit to Germany was widely covered by the
A. Mongolia and India are keen to move forward on the media there especially his inauguration of the famous
MoU for Uranium supply that the two countries had Hannover industrial fair along with German Chancellor
entered in 2009. Angela Merkel.
B. Mongolia is keen on Indian helping the country in A. Both leaders spoke in favour of a free trade
cyber security. agreement between the European Union and India. PM
C. Help in border patrolling is another area where the Modi said that this was important for the expansion of
two countries will be stepping up the ties. India as a manufacturing hub.
* Key person --Chimed Saikhanbileg—PM B. The joint statement by both countries recognized the
establishment of a working group on urban
development.
* Germany chancellor--- angela merkel
6. France: 9 – 12 April
Thermal Power plants (TPS) in India: Stock Exchanges and their Index:
Mundra TPS, Kutch, Gujarat 1. BSE (Bombay Stock Exchange) - SENSEX (Sensitive
Vindhyachal TPS, Singrauli, Madhya Pradesh Index)BSE is oldest stock exchange in Asia located
Talcher Super TPS, Angul, Odisha at Dalal Street in Mumbai. Sensex Consists of 30
Sipat TPS, Bilaspur , Chhattisgarh companies.
Korba Super TPS, Chattisgarh 2. NSE (National Stock Exchange) - Nifty-50-NSE is the
Rihand TPS, Sonebhadra, Uttar Pradesh largest stock exchange in India. Nifty consists of 50
Jharsuguda TPS, Odisha companies
Tiroda TPS, Maharashtra 3. NYSE ( Newyork Stock Exchange) - DJ (Dow Jones)-
Anpara TPS – Uttar Pradesh NYSE world's first and largest stock market
Barauni TPP – Bihar 4. ASDAQ (National association of securities dealers
Bellary TPP – Karnataka Automated Quotation System)- NASD-100-NASDAQ
Durgapur TPP – West Bengal is the firstelectronic stock market in the world
Sikka TPS – Gujarat located in New York.
Satpura TPS – Madhya Pradesh 4. Tokyo Stock Exhange ( Japan) - Nikkei-225
Singrauli Super Thermal Power Station – UP 5. Korea Stock Exchange( Seoul, South korea) – Kospi
Wanakbori TPS – Gujarat 6. Shenghai Stock Exchange( China)- Composite Index
7. Shenzen Stock Exchange( China)- Composite Index
Nuclear power plants in India: 8. German Stock Exchange- DAX( Deutscher Aktein
Narora atomic power plant - Narora, UP Index)
Rajasthan atomic power plant: Rawatbhatta, 9. Hong Kong Stock Exchange- Hang Seng
Rajasthan (India & Candada) 10. . SGX(Singapore Exchange)- STI (Straits Times
Tarapur atomic power plant – Maharashtra (India & Index)
US) 11. LSE (London Stock exchange) or UK stock
Kakarpar atomic power plant - Gujarat exchange-Footsie or FTSE-100 (Financial Times and
London Stock Exchange)
www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 48
12. France Stock Exchange - CAC-40 (Cotation Assistee Headquarter – New York , Head – Ban ki-moon Member
en Continuo) - South Sudan new member country . Total– 193
members
Credit Rating Agencies in India and World:
Indian credit rating industry mainly comprises of 2. WTO (World Trade Org.) –Yemen new member
CRISIL, ICRA, CARE, ONICRA, FITCH (India country. Total – 160 members.
Ratings & Research) & SMERA. Headquarter – Geneva, Switzerland, Head - Roberto
CRISIL - Credit Rating Information Services of Azevêdo
India Limited, Headquarter – Mumbai
ICRA - Investment information and credit rating 3. World Bank - The World Bank is a United Nations
agency Headquarter - Gurgaon, India international financial institution that provides loans to
CARE - Credit Analysis and Research Headquarters developing countries for capital programs.
– Mumbai Headquarter - Washington D.C. (United States)
ONICRA - Headquarter - Gurgaon, India President – Jim Yong Kim
SMERA - Headquarters – Mumbai Member - South Sudan new member country. Total–
Fitch (India Ratings & Research) - 188 members
Headquarters – Mumbai
Note: CRISIL is the largest credit rating 4. IMF – The International Monetary Fund (IMF) is an
agency in India, with a market share of international organization that was initiated in 1944 at
greater than 60% the Bretton Woods Conference and formally created in
Standard & Poor's (S&P) – Headquarter – New 1945 by 29 member countries.
York, US Headquarter – Washington DC . (United States)
Moody's – Headquarter - New York, US President – Christine Lagarde
Fitch - Headquarter - New York, US Member - South Sudan new member country. Total–
188 members