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March 2018 : Financial Awareness
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Banking and Financial awareness for the Govt. Exams

Civil Service Aspirant! Always eager to learn.

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  1. March 2018 Current Affairs (Financial Awareness) Sourabh Jain

  2. O The Ministry of Finance has approved Government guarantee of Rs. 5,000 cores in the current fiscal year for Indian Railway Finance Corporation (IRFC) bonds to be subscribed by - Life Insurance Corporation (LIC) The Export-Import Bank 'Exim Bank' will provide a USD 500 million credit facility to Economic Community of West African States (ECOWAS) to fund various development projects in - Western South Africa O The Ministry of Corporate Affairs has allowed the amalgamation of its wholly own subsidiary 'All Bank Finance Ltd (ABFL)' with the bank - Allahabad Bank

  3. Reserve Bank of India (RBI) has issued_framework to maintain sound financial health of banks - Prompt Corrective Action (PCA) O The world bank has projected India's GDP growth for the next financial year at 7.3% O The Reserve Bank of India had imposed a monetary penalty of Rs. 58.9 crore on which bank? - ICICI Bank O The company_has tied up with Global IME Bank to expand its money remittance services between Indo Nepal Corridor - Muthoot Finance

  4. O The India Mortgage Guarantee Corporation (IMGC) have signed a pact with to offer mortgage guarantee scheme for prospective nonsalaried and self- employed home loan customers - State Bank of India (SBI) o which bank has increased oneyear MCLR to 8.3% from 8.15%- Punjab National Bank (PNB) O Which Bank has announced its partnership with RippleNet to facilitate payments into and out of India Indusland Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.40 lakhs on counterfeit notes - State Bank of India (SBI) for non-compliance of its directions on detection and impounding of

  5. O The ICICI Bank has launched instant overdraft facility__for MSME customers in a completely online manner -InstaOD O US-based Major credit rating agency Moody's Investors Service estimated that India GDP growth rate for year 2018-76% O Microsoft inaugurated Garage facility, a makerspace for employees, its first in and the 2nd largest in the world after its Redmond Garage Facility Hyderabad O Following RBI's ban on letters of undertaking_bank is planning to merge its two branches in Hong Kong - UCO Bank

  6. To provide first-and-last-mile connectivity, IRCTC announced a partnership with cab aggregator_ giving commuters an option book taxi on its app Ola Karnataka Bank opened its first all-woman branch at Bull Temple Road, Bengluru has scrapped the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade credit for imports with immediate effect Reserve Bank of India (RBI) u The Reserve Bank of india (RB) has imposed ine of Rs Scrores on for flouting Know Your Customer (KYC) norms and operating guidelines Airtel Payments Bank

  7. O Out of total 171.4 mn UPI transactions in February, contributed 68 million, or 40% of the total transactions, a report by National Payments Corporation of India (NPCI) has revealed - Paytm l Financial services platform has received approval from market regulator SEBl to become a Registered Investment Advisor Paytm O Which company has been named as the fastest growing IT services brand in the world? - Tata Consultancy Services