Schedule bank?s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.
Rajnish Kumar, 59, the senior most of the managing directors at State Bank of India (SBI), became the 25th chairman of the country?s largest lender, succeeding Arundhati Bhattacharya.
IDBI Bank has launched ?Project Nishchay? in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. BCG will assist us to identify areas for cost containment and revenue maximization leading to sustainable growth and profitability of the Bank.
Reserve Bank of India (RBI) has formed a High-level Task Force on Public Credit Registry (PCR) for India which will be headed by Yeshwant M. Deosthalee.
India?s biggest water carnival through ?Jal Mahotsav? is organized every year in Hanuwantiya Island in Madhya Pradesh. The festival is a celebration of the natural beauty and the culture od Madhya Pradesh.
The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.
APEC 2017 summit was held in the city ?Da Nang, Vietnam? under the theme of ?Creating New Dynamism, Fostering a Shared Future?. APEC is the forum of 21 pacific region countries, headquartered at Singapore, which promotes free trade in the Asia-pacific region.
IEA (International Energy Agency) secretariat located is in Paris, France. Currently, 29 states are part of it.
Cheque written by drawer and dated at some point in past is called as theante-dated cheque.Example-If drawer writes a cheque on 1st Februarybut he put the date 1st January. This type of cheque is called antedated cheque.
BharatNet is a project of national importance to establish, by 2017, a highly scalable network infrastructure accessible on a non-discriminatory basis, to provide on demand, affordable broadband connectivity of 2 Mbps to 20 Mbps for all households and on demand capacity to all institutions, to realise the vision of Digital India, in partnershipwith States and the private sector. The entire project is being funded by Universal service Obligation Fund (USOF), which was set up for improving telecom services in rural and remote areas of the country. The objective is to facilitate the delivery of e-governance, e-health, e-education, e-banking, Internet and other services to the rural India.
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