Banking and Finance Current Affairs for BANK and SSC Exams

Banking  and Finance Current Affairs

SEBI changes comex rules for safer trades

SEBI on Jan 29,2016 reduced position limits in the agri commodities derivatives trading segment which, market players said, would make the segment safer and reduce volatility. But the move may also hit all those who want to hedge their risks through commodity exchanges(comexex)

RBI asks banks to extend loans to women SHG’s at 7% rate.

The RBI on January 21, 2016 asked banks to provide loans upto Rs 3 lakh at 7percent interest rate to Women Self Help Group under the National Rural Livelihoods Mission(NRLM)-Aajeevika scheme during 2015-16.

RBI allows banks to sell India Gold coins

Reserve Bank on January 21, 2016, decided to allow designated banks to sell India Gold Coins(IGC) with Ashok Chakra minted by MMTC through their branches.

Pensioners account not to have more than 14 transactions a year: RBI

The Reserve Bank on January 21, 2016 directed banks that a pensioner’s account should not have more than 14 credit transactions in a calendar year for pension and arrears payments.

RBI fixes gold bonds issue price at Rs 2,600 per gram

The Reserve Bank on January 14,2016 fixed the public issue price at Rs 2,600 per gram for the sovereign gold bonds, for which applications were accepted from January 18 to 22, 2016.

Aadhaar not mandatory for DBT scheme, clarifies RBI

Use of Aadhaar cards and seeding of bank accounts with those numbers are purely voluntary and not manadatory, RBI said on January 14, 2016 allowed ina clarification on the Direct Benefit Transfer (DBT) Scheme.

IDBI Bank gets Rs 2,229 crore capital influsion from Govt

Public sector lender IDBI Bank on December 29, 2015 said the government has infised Rs 2,229 crore into the bank in liew of preferential allotment of shares.