GK/General Awareness/G-Studies- One Liners-Sept 5, 2017

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General Awareness- One Liner- Banking Awareness

1-To promote India-UK trade and business opportunities, ‘Yes Bank’ has signed MoU in London with Santander UK.

Yes Bank
Yes Bank

2- Yes Bank launched MSME CSR initiative by the name ‘Say YES to Sustainable MSMEs in India. CSR stands for Corporate Social Responsibility.

3-Apart from 5 associates, Bhartiya Mahila Bank merged with SBI on 1 April 2017.

4-Public Sector banks have ‘written off’ nearly Rs 2.49 lakh crore loans in the last five financial years as per the latest RBI data.

5-By ‘SBI Intouch’ name the Nepal SBI Bank, a subsidiary of the State Bank of India launched its fully automatic digital banking in Kathmandu, the Capital of Nepal.

6- After the merger of Associates, SBI came in the list of top 50 banks globally and it is ranked at the 45th position.

7- Total customer base of SBI after merger increased to 37 crores with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

8-Canara Bank on 26th July 2017 launched its first ‘Digital Banking Branch’ titled ‘CANDI’, a first of its kind initiative by a public sector bank at Bengaluru.

Canara Bank
Canara Bank

9-Yes Bank launched ‘ YES GST’ to help MSMEs to understand the impact of the proposed changes and prepare them for migration to the new GST tax system.

10-MobiKwik entered into a partnership with Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.

11-By SBI Realty name, SBI launched an integrated website for homebuyers.

12- EPFO signed agreements with five banks for collection of provident fund(PF) dues and make payments of PF withdrawals, pension, and insurance at zero transaction charges. They are Kotak Mahindra Bank, Axis Bank, HDFC, ICICI and Bank of Baroda.

13-Banking Regulation(Amendment) Bill, 2017 was introduced in Parliament on 24 July 2017. The Bill seeks to amend Banking Regulation Act 1949.

14- Banking Regulation(Amendment) Bill, 2017 authorized RBI to initiate insolvency resolution process on specific stressed assets.

15-On 19th July, RBI announced that it will issue bank notes of denomination Rs 20 in Mahatma Gandhi Series 2005 bearing inset letter of ‘S’

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