Banking Awareness : Indigenous Bankers

Banking Awareness : Indigenous Bankers Students, in our previous post we have discussed about Non Institutional Credit Agencies. Today we shall discuss about one of it's constituent, Indigenous Bankers. Introduction : Indigenous bankers conduct banking business. According to Indian Central Banking Enquiry Committee (1931) an indigenous banker is defined as "Any individual...

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31st July 2014 - Daily Current Affairs updates

31st July 2014 - Daily Current Affairs updates National Affairs 'Upanyas Samrat' Munshi Premchand's  134th birth anniversary today. In its first step towards restructuring MGNREGA (Mahatma Gandhi National Rural Employment Gurantee Act), the government has announced that the material-labor expenditure ratio in the scheme would be changed from 60:40% to 49:51%. The...

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30th July 2014 - Daily Current Affairs Updates

30th July 2014 - Daily Current Affairs Updates National Affairs The government has proposed to formulate a new education policy to meet challenges posed by lack of quality, research and innovation in Indian educational institutions, Human resource development minister Smriti Irani said in the Rajya Sabha. This policy provides for national system of education, which...

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Fifa World Cup 2014 Awards ::

Fifa World Cup 2014 Awards :: Champion :: Germany Runners Up :: Argentina 3rd Place :: Netherlands 4th Place :: Brazil  Golden Boot :: James Rodriguez ( Colombia) Silver Boot :: Thomas Muller (Germany) Bronze Boot :: Neymar (Brazil) Golden Ball :: Leonel Messi (Argentina) Silver Ball :: Thomas Muller ( Germany) Bronze Ball ::...

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Banking Sector Reforms

Banking Sector Reforms The Banking Industry in India has made a remarkable progress since nationalization of private commercial banks. A number of innovations were made in the field of social banking. Starting with the policy intervention by the Government of India to regulate the flow of bank credit into the priority sectors, poverty alleviation programs were financed by...

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29th July 2014 - Daily Current Affairs Updates

29th July 2014 - Daily Current Affairs Updates National Affairs Addressing the 86th foundation day and awards ceremony of Indian Council of Agricultural Research (ICAR) in New Delhi today, Prime Minister Narendra Modi hailed all the farmers of the nation saying, "Everyone who has contributed to the field of agriculture needs to be given a standing ovation. I request you to applaud the farmers...

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UPSC Civils Prelims 2014 E-Admit Cards Out

UPSC Civils Prelims 2014 E-Admit Cards Out Friends, you can download your UPSC Civils Prelim examination 2014 admit cards now from the official website of UPSC www.upsconline.nic.in. There are three options to download your Admit cards. You can download your UPSC Civil Services 2014 e-Admission Certificate by entering your Registration ID or Roll Number or Name from below...

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Banking Awareness : Lead Bank Scheme

Banking Awareness : Lead Bank Scheme After the Nationalization of commercial banks, government took the initiative for extending banking facilities in rural areas. Prof D. R. Gadgil, chairman of National Credit Study Group, recommended the adaptation of an "area approach" to evolve plans and programs for the development of an adequate  banking and credit structure...

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Highlights of Economic Survey 2013-14

Highlights of Economic Survey 2013-14 A day ahead of the Union Budget 2014-15, Indian Finance Minister Arun Jaitley has presented the Economic Survey for the year 2013-14 in Lok Sabha today (9th July 2014). According to this survey, India's economy is expected to grow between 5.4 percent and 5.9 Per Cent in the current fiscal year. A flagship annual document of the Ministry...

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Important Points you should know about Indian Financial System

Important Points you should know about Indian Financial System The Financial system refers to the borrowing and lending of funds for the demand and supply of funds of all individuals institutions, companies and of the government. The Indian Financial System consists of two parts. Those are, Indian Money Market and  Indian Capital Market Now let's have a brief review...

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28th July 2014 - Daily Current Affairs updates

28th July 2014 - Daily Current Affairs updates National Affairs Maharashtra government and UNICEF today launched a fortnight-long campaign to mobilize communities, health personnel and political leaders towards prevention of diarrhoea. Army Chief , General Bikram Singh called on Union Home Minister, Rajnath Singh, in New Delhi. The Delhi High Court on Monday has stayed the Election Commission's...

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World Leaders List of All Countries

World Leaders List of All Countries-----------------------------------------------------------------------~Update us if there is any mistake~● Afghanistan : Capital - Kabul; President - Hamid Karzai● Albania : Capital - Tirana; President - Bujar Nishani; Prime Minister - Edi Rama● Algeria : Capital - Algiers; President - Abdelaziz Bouteflika; Prime Minister - (Acting) Youcef Yousfi● Angola : Capital...

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BANKING TERMS - ABBREVIATIONS

BANKING TERMS - ABBREVIATIONS• ISCI – International Standard Industrial Classification • KCC – Kisan Credit Card • KVIC – Khadi and Village Industries Corporation • KYC – Know your customer • LAMPS – Large Sized Adivasi Multipurpose societies • LERMS – Liberalised Exchange Rate Management System • LIC – Life Insurance Corporation of India • MCA – Ministry of Company affairs • MIS – Management...

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27th July 2014 - Daily Current Affairs Updates

27th July 2014 - Daily Current Affairs Updates National Affairs Finance Minister Arun Jaitley will address the board of the Reserve Bank in Delhi on August 9 amid expectations that the central bank will complement government actions by reducing rates to boost growth. The government is likely to approach regulator TRAI for details of the villages in Jammu and Kashmir, Uttarakhand and Himachal...

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IBPS PO 2014 Recruitment Out Apply Online

ctor bank. IBPS PO 2014 is perfectly schedule by IBPS and now its online apply date is start from 22 July 2014. Last year IBPS also organized this exam and successfully recruit approximate 20,000 PO/MT.  As we know to became PO is dream for lakhs of people but only few of them can achieve this dream. Age (As on 01.07.2014):     Minimum: 20 years   Maximum:...

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26th July 2014 - Daily Current Affairs Updates

26th July 2014 - Daily Current Affairs Updates National Affairs Prime Minister Narendra Modi today launched a web platform "MyGov" (www.mygov.nic.in) which will allow common man and experts from different fields to reach out to the government with their ideas a nd suggestions. India celebrates 15th anniversary of Kargil Vijay Diwas today. This is also an occasion that...

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25th July 2014 - Current Affairs Daily Updates

25th July 2014 - Current Affairs Daily Updates National Affairs External Affairs Minister Sushma Swaraj is on a three day visit to Nepal. This trip will focus on confidence building measures, strengthening bilateral ties and preparing the ground for Prime Minister Narendra Modi's visit to the country. India today summoned Pakistan Deputy High Commissioner over delay in trial of Mumbai 26/11...

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Intelligence Bureau PA / JIO Exam 2014 Results out

Friends, the Intelligence Bureau (MHA) has released the results of P.A.and JIO-II/Tech written test 2014. As you know the Intelligence Bureau has conducted a written test on 29th June 2014 for the recruitment of Personal Assistants, General Central Service, Group-B (Non-Gazetted/Ministerial) and Junior Intelligence Officers Grade-II/Technical, General Central Service, Group...

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23rd & 24th July 2014 - Current Affairs Updates

23rd & 24th July 2014 - Current Affairs Updates National Affairs Delhi Metro Rail Corporation ( DMRC) has slashed fares on Airport Express Line by 40 per cent. The rates were revised earlier this month and will take effect from today (24th July) In a sign that shows India has a lot of catching up to do, the country’s ranking in the Human Development Index (HDI) remained...

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