IBPS CLERK CAPSULE for ALL COMPETITIVE EXAMS Exclusively prepared for RACE students Issue: 04 | Page : 102 | Topic : IBPS CAPSULE | Price: Not for Sale INDEX TOPIC Page No BANKING & FINANCIAL AWARENESS 2 LIST OF INDEXES BY VARIOUS ORGANISATIONS 11 GDP FORECAST OF INDIA BY VARIOUS ORGANISATION 15 LIST OF VARIOUS COMMITTEE & ITS HEAD 15 LOAN SANCTIONED BY NATIONAL AND INTERNATIONAL BANKS TO 17 INDIA PENALITY IMPOSED BY RBI TO VARIOUS BANKS IN INDIA 18 LIST OF ACQUISTION & MERGER 18 APPS/SCHEMES/FACILITY LAUNCHED BY VARIOUS 19 BANKS/ORGANISATIONS/COMPANY STATE NEWS 22 NATIONAL NEWS 38 IIT’S IN NEWS 46 NATIONAL SUMMITS 47 INTERNATIONAL SUMMITS 51 INTERNATIONAL NEWS 52 BUSINESS AND ECONOMY 60 LIST OF AGREEMENTS/MOU’S SIGNED 66 BRAND AMBASSADORS / APPOINTMENTS 68 AWARDS & HONOURS 70 BOOKS & AUTHORS 74 SPORTS NEWS 78 SCIENCE AND TECHNOLOGY 86 DEFENCE EXERCISES 93 IMPORTANT EVENTS OF THE DAY 94 OBITUARY 96 CABINET MINISTERS 2019 / LIST OF MINISTERS OF STATE 101 (INDEPENDENT CHARGE) CHIEF MINISTERS AND GOVERNORS 102 ________________________________________________________ 7601808080 / 9043303030 RACE Coaching Institute for Banking and Government Jobs www. RACEInstitute. in Courses Offered : BANK | SSC | RRB | TNPSC |KPSC 2 | IBPS CLERK CAPSULE | IBPS CLERK 2019 CAPSULE (JULY – NOVEMBER 2019) BANKING AND FINANCE Punjab & Sind Bank has set up a centralized hub named “Centralised MSME & Retail Group” (Cen MARG) for processing retail and Micro, Small and RBI gets the power to regulate housing finance companies instead Medium Enterprises (MSME) loans for better efficiency of branches in of NHB business acquisition. It is headquartered in New Delhi. Finance Minister Nirmala Sitharaman stated that India's central bank, Wilful defaults exceed $21 billion in India for the year 2018-19, Reserve Bank of India (RBI) will now be given power to takes over as the SBI holds the highest regulator of Housing Finance Firms(HFFs) instead of NHB(National Housing The state-owned banks in India stated that Rs. 1. 50 trillion ($21. 76 Bank). billion) worth of loans as wilful defaults in 2018-19. the State Bank of The government will also provide a one-time six-month partial guarantee India(SBI) holds the highest number of wilful defaults, worth around INR to state-run banks for the acquisition of up to 1 trillion rupees ($14. 6 461. 58 billion, while Punjab National Bank(PNB) ranked second at Rs. 250. billion) of highly-rated assets from NBFCs (Non-Banking Financial 9 billion and Bank of India at Rs. 98. 9 billion. Company). SBI waives off charges for NEFT, RTGS to boost e-transactions RBI board has finalized a three- year roadmap ‘Utkarsh 2022’ to In a bid to move the country towards a less-cash economy, country’s improve regulation & supervision largest bank, the State Bank of India(SBI) waived Real Time Gross India's central bank, Reserve Bank of India(RBI) has finalized a three-year Settlement (RTGS) and National Electronic Fund Transfer (NEFT) charges road map for medium-term objective named “Utkarsh 2022” for for its app YONO (You Only Need One), internet and mobile banking strengthening regulation, supervision of the central bank in a meeting in customers effective from 1 July 2019. It also waived off the charges for New Delhi. Immediate Payment Service (IMPS) from 1 August 2019. In internal committee of RBI was formed under former Deputy Governor Price for SGBs fixed at Rs 3, 443 per gram Viral Acharya, to identify issues that needed to be addressed over the next The government fixed the price of the new series of Sovereign Gold Bonds three years. (SGBs) at Rs 3, 443 per gram opening July 8, 2019. In consultation with RBI panel suggests to review timings of different financial markets the Reserve Bank of India (RBI), the Centre decided to allow a discount of An internal committee of the Reserve Bank of India (RBI) suggested to Rs 50 per gram from the issue price (Rs 3, 393 per gram) to those review the timings of different financial markets. It recommended the investors who apply online and if the payment is made through digital timing of the functioning of the foreign exchange market from 9 am to 9 mode. SGBs will be issued every month from June 2019 to September pm instead of 9 am to 5 pm. 2019. RBI slaps a penalty on SBI &Union Bank for violating various norms Total deposits in Jan Dhan accounts cross Rs. 1 lakh crore The central Banking institution, RBI (Reserve Bank of India) has penalized According to the Finance ministry, total deposits in over 36. 06 crore bank Public Sector Banks in India, State Bank of India (SBI) with Rs. 7 crore and accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) was Union Bank of India (UBI) with Rs. 10 lakh for violating certain regulatory at Rs 1, 00, 495. 94 crore. The number of zero balance accounts under guidelines. SBI violated RBI's direction on Income Recognition and Asset PMJDY decreased as 5. 07 crore (14. 37 % of the total accounts) in March Classification (IRAC) norms while Union Bank of India for lapses in 2019 compared to 5. 10 crore (16. 22% of the total accounts) in March cybersecurity framework in 2016. 2018. RBI launches a medium-term strategy framework “Utkarsh 2022” Govt infused over Rs. 3. 15 lakh crore into PSBs in 11 Years India's central banking institution, Reserve Bank of India(RBI) Governor between FY09 and FY19 Shaktikanta Das launched “Utkarsh 2022”, central bank’s medium-term Anurag Singh Thakur, Minister of State for Finance stated that the strategy framework (2019-22), in line with evolving macroeconomic government has infused over Rs 3. 15 lakh crore into public sector environment. It has launched the framework to achieve excellence in the banks(PSB) in the last 11 years up till 2018-19. As on March 31, 2019, all performance of statutory and other functions, strengthening the trust of 18 PSBs meet the minimum CRAR (capital to risk-weighted assets ratio) of citizens and other institutions. 9 % requirement. RBI panel recommends an increase in collateral-free lending, The UK’s new £50 pound note features codebreaker Alan Turing MUDRA loan limit to Rs 20 lakh: Nitin Gadkari According to the Bank of England, Alan Turing, a crack code-breaker and The Union Minister for MSMEs(Micro, Small and Medium Enterprises), Nitin visionary mathematician who set the foundations for artificial intelligence Gadkari stated that a panel of RBI(Reserve Bank of India) has (AI) will feature on Britain’s new £50 banknote. The new note is expected recommended an increase in the collateral-free lending limit to Rs 20 lakh to enter circulation by the end of 2021. The Bank of England is putting new for MSMEs and self-help groups(SHG). The panel also recommended faces on Britain’s banknotes as it switches from paper to polymer, a thin, revision of loan limit sanctioned under MUDRA (Micro Units Development flexible plastic film that is seen as more durable and secure. and Refinance Agency) to Rs 20 lakh from Rs 10 lakh. HDFC Bank GDRs Terminated, Delisted From Luxembourg Stock Cars24 gets RBI NBFC license to offer loans against used cars Exchange CARS24, an online marketplace for buying and selling used cars has India's leading private sector bank, HDFC Bank (Housing Development received a license of a Non- banking Finance Company (NBFC) from the Finance Corporation) has terminated and de-listed its 22 outstanding Reserve Bank of India (RBI) and will be venturing into the consumer global depository receipts (GDRs) from the Luxembourg Stock Exchange lending business as a separate entity within the Cars24 group. With Cars24 citing low trading volume of GDRs. The listing and admission to trading of Financial Services, it will facilitate vehicle loans to customers as well as the HDFC Bank GDRs on the Luxembourg Stock Exchange have been finance channel partners to help them expand their businesses. canceled after July 15, 2019. RBI relaxes norms of NBFC and corporates raised through ECB GPF rates reduced by 10 bps to 7. 9% from 8% As a beneficial way to raise cheaper Off shore funds by the Corporates and Ministry of Finance informed that the rates of the General Provident Fund the Non-Banking Financial Companies (NBFC), the Reserve Bank of India (GPF) were reduced by 10 basis points (bps) to 7. 9% from 8% with effect (RBI) has relaxed the norms of funds raised through External Commercial from July 1, 2019, to September 30, 2019. All government employees who Borrowings (ECB) for the second time this year. joined service on or before December 31, 2003, contribute to GPF. An FinMin to launch 11th tranche of Electoral Bonds sale to start from officer/employee contributes 6% of his/her basic salary with an equal July 1 contribution from the Government. The Finance Ministry of India has launched the 11th tranche of Electoral SIDBI introduced web-based application system for contribution Bonds sale from July 1-10. In this regard, India's largest Public Sector from FFS Bank (PSB), State Bank of India (SBI) has been authorised to issue and The Small Industries Development Bank of India (SIDBI) introduced a web- encash electoral bonds in the XI phase of sale through its 29 branches. based application system for contribution from the Fund of Funds for This is the first issuance of electoral bonds after the formation of the new Startups (FFS). The objective of the new web-based application system is government. to improve the turnaround time and increase transparency. SIDBI on Hong Kong Govt donates over $9 million to cyclone” Fani”-hit behalf of the Union Government is the implementing agency for FFS with a Odisha corpus of Rs 10, 000 crore.