Friday 2 July 2021

Current affairs 3rd July 2021 for IBPS PO SBI PO SBI CLERK AND ALL OTHER EXAM

 Today's Headlines from :Dt 3/07/21


*Economic Times*

 

📝 Reliance Jio deal can earn Google Cloud $1 billion in revenue


📝 Bank credit grows 5.82%; deposits by 10.32%


📝 Monsoon session of Parliament from July 19 to Aug 13


📝 Govt imposes stock limits on pulses till Oct to check price rise


📝 Sweden's MTG acquires Indian games developer PlaySimple for $360 million


📝 IndoStar Capital infuses Rs 250 cr in home finance arm


📝 HDFC earns Rs 263 cr profit on sale of investments in June quarter


📝 Ant-backed Kakao Pay expects IPO to raise up to $1.4 bn


📝 Q1 product exports record high, aim $1.5 trln goods, svs exports in 5 yrs: Piyush Goyal


📝 Edelweiss Financial Services to sell its 70 pc stake in insurance broking JV for Rs 307.60 cr


📝 Licious raises $192 million led by Temasek, Multiples


📝 Online used cars marketplace Cars24 nears $250 million deal with DST


*Business Standard*


📝 Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders


📝 NPPA allows 50% price hike for ibuprofen, ranitidine, carbamazepine


📝 Electric scooter-maker Ather Energy takes on Ola, expanding its Hosur plant


📝 WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners


📝 Power generator NTPC plans IPO for Rs 2.5 trn expansion of renewables biz


📝 Govt unveils plans for freight smart cities to reduce logistics cost


📝 Reserve Bank of India imposes Rs 25 lakh penalty on Punjab & Sind Bank


📝 Toll collection in June rises to Rs 2,576 crore as states ease curbs: NHAI


📝 RBI tweaks norms for interest on unclaimed amount after deposit matures


📝 Canara Bank to raise Rs 3,400 cr in capital via Additional Tier-I bonds


📝 Sebi defers diktat requiring foreign investors to disclose KYC details


📝 In talks for fund raise; floor price 'best' fix for pricing issues: VIL


*Financial Express*


📝 With USD 200 million fresh funding, Digit Insurance value soars to USD 3.5 billion in 1 year


📝 Govt to come out with certain clarifications on FDI in e-commerce sector shortly: Piyush Goyal


📝 India Inc foreign borrowings plunge by 51pc to $738 million in May


📝 Collection efficiency of NBFCs retail pool down by 10-35 pc in May vs March: Icra


📝 Revenue growth of drug firms in current fiscal to be in the range of 7-9 pc: Icra


📝 Airtel brings new programme to bundle 2 or more services with perks; focus on lifting ARPU


📝 PHDCCI recommends measures to promote growth of pet food industry


📝 Coal India offtake grows 33% despite unsteady power sector demand


📝 Forex reserves rise by USD 5 bn to lifetime high of USD 609 bn


📝 India starts probe into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore


*Mint*


📝 Marico domestic biz grows over 30% in Q1, sees double-digit volume growth


📝 AIFs mobilized commitments worth ₹82,228 cr in covid year


📝 Tata Steel transfers stake in HSMS, TSAML to subsidiary cos


📝 Zomato gets Sebi nod for ₹8,250-cr share sale


📝 Savings under Sukanya Samriddhi Yojana stood at ₹1.05 lakh crore at May end


📝 Kuwait’s life-after-oil fund swells to a record $700 billion


📝 Ten European countries agree to allow Indians vaccinated with Covishield: Govt


📝 US job growth picks up in June; unemployment rate rises to 5.9%


📝 LIC Housing Finance reduces home loan rates for select borrowers


📝 Piramal Capital & Housing to launch NCD issue offering up to 8.99% interest


📝 India joins global consensus framework to tax multinational firms


📝 Credit Suisse to repay further $750 mln to Greensill-linked fund investors.

Capital Adequacy Ratio (CAR)♦️ for SBI PO IBPS PO IBPS CLERK AND ALL OTHER EXAM

 ♦️Capital Adequacy Ratio (CAR)♦️


Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk-weighted assets and current liabilities. It is decided by central banks and bank regulators to prevent commercial banks from taking excess leverage and becoming insolvent in the process.


In other words, it measures how much capital does a bank has with it as a percentage of its total credit exposure. Bank regulators enforce this ratio to ensure credit discipline in order to protect depositors and promote stability and efficiency in the financial system.


What is the Capital Adequacy Ratio Formula?

The Capital Adequacy Ratio (CAR) or the CRAR is computed by dividing the capital of the bank with aggregated risk-weighted assets for credit risk, operational risk, and market risk.


This is calculated by summing a bank’s tier 1 capital and tier 2 capitals and dividing the total by its total risk-weighted assets. That is:


Tier 1 CAR = (Eligible Tier 1 capital funds) = (Market Risk RWA + Credit Risk RWA + Operational Risk RWA)


Total CAR = (Eligible Total capital funds) ÷ (Credit Risk RWA + Market Risk RWA + Operational Risk RWA)



CAR Formula:

CAR = (Tier 1 capital + Tier 2 capital)/risk weighted assets


Here Tier I capital is a bank’s core capital consisting of shareholders’ equity and retained earnings;


Tier II capital includes revaluation reserves, hybrid capital instruments, and subordinated term debt.


Tier III capital consists of Tier II capital plus short-term subordinated loans.



Note that two types of capitals are measured here.


Tier 1 capital: This can absorb the losses without a bank being required to stop trading. Also called core capital, this consists of ordinary share capital, equity capital, audited revenue reserves, and intangible assets. This is permanently available capital and readily available to absorb losses incurred by a bank without it having to cease operations.


Tier 2 capital: This can absorb losses if the bank is winding-up and so gives depositors a lesser measure of protection. This consists of unaudited reserves, unaudited retained earnings, and general loss reserves. This capital cushions losses if the bank is winding up and is used to absorb losses after a bank loses all its tier 1 capital.


Risk-weighted assets: These assets are used to fix the least amount of capital that should be possessed by banks to lower the insolvency risk. The capital requirement for all types of bank assets depends on the risk assessment.


What is the current Capital Adequacy Ratio in India?

The Basel III Norms have prescribed a CAR of 8%. In India, the Reserve Bank of India (RBI) mandates the CAR for scheduled commercial banks to be 9%, and for public sector banks, the CAR to be maintained is 12%.

Banks in India

 🏦 BANKS IN INDIA 🏦

➖➖➖➖➖➖➖


🧿First bank in India

💠Bank of Hindustan (1770) 


🧿First Bank managed by Indians 

💠Oudh Commercial Bank 


🧿First Bank with Indian capital 

💠Punjab National Bank (Founder - Lala Lajpat Rai)


🧿First Foreign Bank in India

💠HSBC 


🧿First bank to get ISO certificate

💠Canara Bank 


🧿First Indian bank outside India

💠Bank of India 


🧿First Bank to introduce ATM

💠HSBC (1987, Mumbai) 


🧿First Bank to have joint stock public bank (Oldest)

💠Allahabad Bank


🧿First Universal bank

💠ICICI Bank


🧿First bank to introduce saving account

💠Presidency Bank (1833) 


🧿First Bank to introduce Cheque system

💠Bengal Bank (1833) 


🧿First bank to give internet banking facility

💠ICICI Bank


🧿First bank to sell mutual funds

💠State Bank of India


🧿First bank to issue credit cards

💠Central Bank of India 


🧿First Rural Regional Rural Bank (Grameen Bank)

💠Prathama Bank (sponsored by Syndicate Bank) 


🧿First bank to get "in principle" banking license

💠IDFC and Bandhan Bank 


🧿Largest private sector bank in India

💠ICICI Bank


🧿Largest foreign bank in India

💠Standard Chartered Bank 


🧿Bank with more branches in India

💠State Bank of India


🧿First Bank to introduce merchant banking in India

💠Grind lays bank 


🧿First bank to introduce block chain technology

💠ICICI Bank


🧿First bank to introduce voice biometric

💠Citi Bank 


🧿First bank to introduce robot in banking service

💠HDFC Bank


🧿first bank in India to allow video KYC

💠Kotak Mahindra Bank


🧿first bank to introduce Iris Scan Authentication feature for Aadhaar based transactions through its micro ATM tablets

💠Axis Bank


🧿Largest public sector bank in India

💠State Bank of India

Maharatna Companies with their Headquarters 🔰

 🔰Maharatna Companies with their Headquarters 🔰

==============================


👉 NTPC ( National Thermal Power Corporation Limited)➖New Delhi


👉 BHEL ( Bharat Heavy Electricals Limited)➖New Delhi 


👉 GAIL ( Gas authority of India limited)➖New Delhi 


👉 ONGC ( Oil & Natural Gas Corporation Limited )➖New delhi  


👉 BPCL ( Bharat Petroleum Corporation Limited)➖Mumbai  


👉 SAIL( Steel Authority of India Limited)➖New Delhi 


👉 CIL ( Coal India Limited)➖Kolkata


👉 IOC ( Indian Oil Corporation)➖New Delhi


👉HPCL ( Hindustan Petroleum Corporation Ltd )➖Mumbai 


👉PGCIL ( Power Grid Petroleum Corporation of india Ltd )➖Gurgaon

Thursday 1 July 2021

RBI imposes penalties on 4 cooperative banks🔅

 #News


🔅RBI imposes penalties on 4 cooperative banks🔅



🔸Hyderabad-based Andhra Pradesh Mahesh Co-operative Urban Bank👉🏻Rs 112.50 lakh


🔸The Ahmedabad Mercantile Co-operative Bank, Ahmedabad👉🏻Rs 62.50 lakh


🔸SVC Co-operative Bank, Mumbai👉🏻Rs 37.50 lakh


🔸Saraswat Cooperative Bank, Mumbai👉🏻Rs 25 lakh

MOST IMPORTANT TOURNAMENT OPEN IN NEWS 2021

 🟢 MOST IMPORTANT TOURNAMENT OPEN IN NEWS 2021


🏆 FRENCH OPEN (TENNIS) 2021

🔶 Men's singles : Novak Djokovic (Serbia)

🔶 Women's single : Barbora Krejčíková (Czech Republic)


🏆 BELGRADE OPEN (TENNIS) 2021

🔷 Men's singles : Novak Djokovic (Serbia)


🏆 GENEVA OPEN (TENNIS) 2021

🔷 Men's singles : Casper Ruud (Norway)


🏆 EMILIA-ROMAGNA OPEN (TENNIS) 2021

🔷 Men's Singles : Sebastian Korda (United States)

🔷 Women's singles :  Coco Gauff (United States)


🏆 ITALIAN OPEN 2021 (TENNIS)

🔷 Men’s singles :  Rafael Nadal (Spain)

🔷 Women’s singles : Iga Swiatek (Poland)


🏆 MADRID OPEN 2021 (TENNIS)

🔷 Men's singles : Alexander Zverev (Germany) 

🔷 Women's singles : Aryna Sabalenka (Belarus) 


🏆 BARCELONA OPEN 2021 (TENNIS)

🔷 Men's Single : Rafael Nadal (Spain)


🏆 ROLEX MONTE CARLO MASTERS TITLE (TENNIS) 2021

🔷 Men's Single : Stefanos Tsitsipas (Greece) 


🏆 MIAMI OPEN (TENNIS) 2021

🔷 Men’s Single - Hubert Hurkacz (Poland)

🔷 Women’s Single - Ashleigh Barty (Australia)


🏆 ALL ENGLAND BADMINTON CHAMPIONSHIPS 2021

🔷 Men’s singles : Lee Zii Jia (Malaysia)

🔷 Women’s singles : Nozomi Okuhara (Japan)


🏆 SWISS OPEN 2021 (BADMINTON)

🔷 Men’s Singles : Viktor Axelsen (Denmark) 

🔷 Women’s Singles : Carolina Marin (Spain)


🏆 AUSTRALIAN OPEN 2021 (TENNIS )

🔷 Men’s Singles : Novak Djokovic (Serbia)

🔷 Women’s Singles : Naomi Osaka (Japan)


🏆 YONEX THAILAND OPEN 2021 (BADMINTON)

🔷 Men’s Single :  Viktor Axelsen (Denmark)

🔷 Women’s Single : Carolina Marin (Spain)

Current Affairs 2 july 2021 for SBI PO IBPS PO IBPS RRB AND ALL OTHER EXAM

 📰 Current AffairsOne Liners, 

📅 02 July 2021 . dee¶


📆 02 July: World UFO Day


✅The Ist World UFO Day Was Celebrated In 2001 By UFO Researcher Haktan Akdogan


👤 Lt Gen Sunil Puri Goswami Takes Over As DG Corps Of Army Air Defence


✅ Sunil Puri Goswami Is The 13th Director General Of Army Air Defence


🧑‍🦰 Abhimanyu Mishra (US) Becomes The Youngest Grandmaster In The Chess History


✅ At The Age Of 12 Years, 4 Months, 25 days


✅ Mishra Breaks The Record Formerly Held By Russian GM Sergey Karjakin


👤 Mukul Goel Has Been Appointed The New Director General Of Police Of Uttar Pradesh


👤 Lt Gen Sanjeev Kumar Sharma Takes Over As Deputy Chief Of Army Staff (Strategy)


✅ He Takes Over The Appointment From Lt Gen Paramjit Singh (Retired On 30 June)


🚢 SCGS Zoroas ter Ship Was Recently Inducted Into Seychelles Coast Guard


👷‍♂ The 48.9 Metre Patrol Boat Was Built By Garden Reach Shipbuilders & Engineers Ltd


✅ India Gifted Similar Vessels To The Seychelles In 2005, 2014 And 2016


🏆 Odia Poet Rajendra Kishore Panda Bags Kuvempu Rashtriya Puraskar 2020


💰Award Carries A Cash Award of Rs 5 Lakh, A Silver Medal , And A Citation


⏳ Rashtrakavi Kuvempu Trust Instituted This National Annual Literary Award In 2013


📊 Global Startup Ecosystem Index 2021 Released By Startup Blink


🇮🇳 India Ranks 20th In Global S tartup Ecosystem Index 2021 (2020: 23rd)


🔵 Top 5 Countries In Index : 01) USA, 02) UK, 03) Israel, 04) Canada, 05) Germany


🏢 Top 5 Cities:01) San Francisco, 02) NY, 03) Beijing, 04) Los Angeles, 05) London


🇮🇳 Indian Cities In Top 20:10) Bengaluru, 14) New Delhi , 16) Mumbai


✅ India Currently Has 43 Of Its Cities listed In The Top 1000


📰 India's Oldest Running Newspaper Mumbai Samachar (Gujrati Paper), Turns 200


⏳1st Published In 1822 (Founded By A Parsi Scholar Fardoonji Murazban)


🔶 Andhra Pradesh Launched " AP Information Technology Policy 2021-24


✅ This Policy Is Expected To Generate More Than 55,000 Jobs In Next 3 Years


🗓 AP Information Technology Policy Will Be In Force Till March 31, 2024


🔶 Facebook Has Announced To Launch Its New Publishing Tool Called Bulletin


✅ Bulletin Would Help And Support These Independent Creators In United States


🏃‍♀ Dutee Chand Qualifies For Tokyo Olympics In Both 100m & 200m Races


🔶 J&K LG M Sinha Launches Special Assistance Scheme For COVID Mortalities SASCM


💰Under The Scheme, Cash Assistance Of Rs 1,000 Per Month Shall Be Provided


👨‍🎓 UTS, 20000 Scholarship For School Students & 40000 For Collage Students (P.A.)


🔷 Centre Declares Nagaland As Disturbed Area Under AFS PA For Another Period Of 6 Month


👤 N Venudhar Reddy (IIS 1988) Takes Charge As Director General Of All India Radio


👤 Air Marshal Vivek Ram Chaudhari Appointed As New IAF Vice Chief


💰 Facebook Becomes The Youngest Company To Reach Thel Trillion $ Milestone


✅ Facebook Becomes 5th U.S. Company To Join $l Trillion Club


⏳ Company Was Founded By Zuckerberg In 2004 At Harvard University


🧕Wow Life Science Ropes In Kareena Kapoor Khan As Brand Ambassador


👤 Prathmes h Mishra Named As The New Chairman Of Royal Challengers Bangalore


🇵🇰 Nida Dar Becomes Ist Ever Pakistan Bowler To Take 100 Wickets In T201s


✅ Fifth Bowler In The Women's Game To Join The 100-T201 Wickets Club


🏦 Indian Bank Launched Its Business Mentoring Program MS ME PreranaIn Maharashtra


👤 Ayman Benabderrahmane Named As Prime Minister Of Algeria


📱 Haryana CM MLKhattar Maunched Jan Sahayak- Aapka Sahayak App


📱 Institute Of Chartered Accountants Of India Launched " ICAl-BOS " Mobile App


Tuesday 29 June 2021

Current affairs 30.06.2021 For SBI PO IBPS PO SBI CLERK IBPS RRB AAND ALL OTHER EXAM

 Today's Headlines from :


*Economic Times*


📝 India breaks into top 10 countries on UN’s index measuring commitment to cybersecurity


📝 Government issues draft notification on ethanol blending in petrol


📝 Government cuts import duty on crude palm oil to 10%


📝 FM asks ministries to surpass capex target set for FY22


📝 MHA issues fresh COVID-19 guidelines for States/UTs


📝 Bharti to invest additional Rs 3,700 cr into OneWeb


📝 Indiabulls Housing Finance gets board nod for Rs 7,000 cr fund mop-up


📝 SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6b


📝 Ruchi Soya posts Rs 314 cr profit in Q4


📝 GIC Re posts Rs 1,991 cr profit in FY21


📝 Reliance Industries announce mega petrochemical joint venture with ADNOC in UAE


📝 Emami Realty to develop township worth Rs 300 crore in Kolkata


📝 10club raises one of the largest seed funding rounds in India


📝 Grofers to turn unicorn with Zomato funds


*Business Standard*


📝 Cipla gets DCGI nod to import Moderna vaccine; no commercial deal yet


📝 Sebi overhauls norms for appointment, removal of independent directors


📝 Godrej holding company hikes stake in Godrej Properties, Agrovet


📝 Serum Institute applies for EU nod through drugmaker AstraZeneca


📝 Standard Life sells 5% stake in HDFC Life Insurance in two tranches


📝 NTPC to hive renewable arm and list it soon, plans to add 60 Gw capacity


📝 NITI moots 100% I-T exemption for donations to not-for-profit hospitals


📝 Private sector banks' share in loans rises to 36.5% in FY21


📝 World Bank raises China's economic growth outlook to 8.5% from 8.1%


📝 Indian hedge funds beat Asian, EM peers; provide 6.6% returns in May


📝 Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives


*Financial Express*


📝 DoT starts online portal for spectrum allocation for trials to telcos


📝 Axis Bank inks multi-year deal with AWS for powering digital banking services


📝 NXP, Jio Platforms team up to drive expanded 5G use cases in India


📝 Parag Milk forays into fat-free milk segment, priced at Rs 120-140/litre


📝 Cabinet may soon clear proposal for govt guarantee to bad bank


📝 UK-based fintech firm Tide enters India to tap the growing SMB market, to invest Rs 1,000 crore over the next five years


📝 Airblack raises $5.2 million in funding from Info Edge Ventures, Elevation Capital

 

📝 RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report


📝 US announces USD 41 million additional COVID 19 assistance to India


*Mint*


📝 NCERT to develop separate curriculum frameworks as part of NEP


📝 Quizizz raises $31.5  million  from Tiger Global, Yahoo’s Yang


📝 Oil rises as OPEC fuels demand hopes amid new Covid-19 worries


📝 India mulls rules to encourage companies' shift to green energy


📝 Amitabh Kant gets one year extension as NITI Aayog CEO


📝 Parliamentary panel directs Facebook, Google to comply with new IT rules: Report


📝 Centre creates online portal to collect real-time data of govt, pvt warehouses


📝 SEBI raises maximum reward for investor trading informants to ₹10 crore


📝 IRCTC Q4 results: Net falls 23% to ₹104 cr, firm announces dividend of ₹5.

4 Grand Slam, Timing & Courts For SBI PO CLERK IBPS PO CLERK AND ALL OTHER EXAM

 💈4 Grand Slam, Timing & Courts💈


🧩Australian Open– hard courts (Mid January)


🧩French Open (also known as Roland Garros)– clay Court (late May to early June)


🧩Wimbledon (also known as UK Open)-  grass Courts (June–July)


🧩US Open- August– hard courts (September)


🌻Australian Open 2021🌻


🍃Prize money-A$80,000,000

🍃Surface-Hard (GreenSet)

🍃Location-Melbourne, Victoria, Australia

🍃Venue-Melbourne Park


🪴Men’s Singles Winner: N. Djokovic

 (Serbia)


🪴Women’s Singles Winner: N. Osaka (Japan)


🌻French Open 2021🌻


🪴Men’s Singles Winner: Novak Djokovic (Serbia)


🪴Women’s Singles Winner: Barbora Krejcikova (Czech Republic)

ICC Mens Players of the months for IBPS PO IBPS RRB SBI PO SBI CLERK AND ALL OTHER EXAM

 💈🪴ICC Men's Player of the Month 2021


🧩January : Rishabh Pant


🧩February : R Ashwin


🧩March : Bhuvneshwar Kumar


🧩April : Babar Azam ( Pakistan)


🧩May : Mushfiqur Rahim (Bangladesh)


💈🪴ICC Women's Player of the Month 2021🪴💈


🧩January : Shabnim Ismail ( South Africa )


🧩February : Tammy Beaumont ( England )


🧩March : Lizelle Lee ( South Africa )

 

🧩April : Alyssa Healy ( Australia)


🧩May : Kathryn Bryce (Scotland)



Sukanya Samriddhi Yojana for IBPS PO SBI PO SBI CLERK AND OTHER EXAM

 💈Sukanya Samriddhi Account Yojana💈


🧩The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 in Panipat, Haryana as a part of the Beti Bachao, Beti Padhao campaign.

 

🧩Account can be opened in the name of a girl child till she attains the age of 10 years.

 

🧩Only one account can be opened in the name of a girl child.

 

🧩Account can be opened in Post office and branches of authorised banks.

 

🧩Birth certificate of girl child in whose name the account is opened must be submitted.

 

🧩Account can be opened with a minimum of Rs. 250/- and thereafter any amount in multiple of Rs.100/- can be deposited.

 

🧩Maximum Rs. 1,50,000 can be deposited in a financial year.

 

🧩The account can be transferred anywhere in India from one post office/bank to another.

 

🧩The account allows 50% withdrawal at the age of 18 for higher education purposes.

 

🧩The account reaches maturity after time period of 21 years from date of opening it.



What is Ways and Means advances(WMA)

 Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy to provide to States, banking with it, to help them tide over temporary mismatches in the cash flow of their receipts and payments. This is guided under Section 17(5) of RBI Act, 1934, and are '..repayable in each case not later than three months from the date of making that advance'.

There are two types of WMA – normal and special. While Normal WMA are clean advances Special WMA are secured advances provided against the pledge of government of India–dated securities. The operative limit for special WMA for a state is subject to its holdings of central government dated securities up to a maximum of limit sanctioned. In addition, the RBI has determined limits for normal and special WMA for each state as multiples of the prescribed minimum balance required to be maintained with the RBI by that state. These limits have been revised periodically.

Dormant_Inactive Bank Account

 Dormant / Inactive Bank Account📚


If your SB or current account hasn’t witnessed any transactions(credit/debit except interest credited the bank, deduction of service charges, for more than 1 year, the account is rendered inactive. On exceeding 2 years, the account is declared dormant/inoperative.


Any customer induced transaction is enough for this purpose. Like credit or debit transactions done by the account holder in this account, keeps it active. Some of them have been listed below –


♦️ Outward bill

♦️ Inward bill

♦️ Transactions through cheque.

♦️ Deposit of cash

♦️ Deposit through cheque

♦️ Cash withdrawal or deposit via ATM.

♦️ Internet banking transaction

♦️ Crediting interest earned mandate on Fixed deposit to Savings Bank Account


🔷When does a bank assume an account as inoperative?


If there is no transaction in the account for one year, the bank tries to contact the account holder or the nominee. In case of no replies, the bank will send intimation to account holder 2 or 3 months prior to treating his inactive account. 


On continuation of this ‘inactive’ status for 2 years, the status becomes ‘inoperative’ or ‘dormant’. The process will be completed by sending a correspondence to the account holder, declaring the account as ‘inoperative’.


•No valid transaction for 1 year – inactive bank account.

•No valid transaction for 2 years – inoperative bank account.


♻️How to change the status of a “Dormant Bank Account” to an “Active Bank Account”?


An inoperative account can become an operative account within 24 hours. All you need to do is to submit an application along with identity proof and passbook or cheque book to your bank, stating the reasons for absence of valid transactions.


After completion of “Know Your Customer” formalities, banks usually put the customer’s account on Active mode within 24 hours. 


Remember, there is no reactivation charge on a dormant account.


An inoperative account will have restrictions for several transactions including ATM withdrawal, internet or phone banking, issuing new cheque books, etc. All these are intended for the safety of the money in the account. Otherwise, it may increase the risk of fraudulent transactions from your account. 


If you are having more than one account, it is always better to keep tabs on them or making some small transactions just to keep them active. In this age of netbanking, all it takes is a few mouse clicks and your account would remain operational.

SBI Clerk Pre Admit Card Out

 🔅SBI Clerk Pre 2021 Admit Card Out 🔅



https://ibpsonline.ibps.in/sbijascapr21/clpeta_may21/login.php?appid=446c439024467117c52ef46db9717009

Know Organization -IMF

 ✅ International Monetary Fund (IMF) 


🧿 Founded : 1945 

🧿 Headquarters: Washington, D.C. 

🧿 Managing Director : Kristalina Georgieva (Bulgaria) 

🧿 Chief Economist.: Gita Gopinath (Indian) 

🧿 Member countries : 190 (Andorra) 



✅ About WORLD BANK 


🧿 Founded : 1944 

🧿 HQ : Washington Dc 

🧿 President : David Malpass 

🧿 MD & CFO : Anshula Kant 

🧿 Chief Economist : Carman Reinhart 

🧿 Executive Director : Rajesh Khullar 

🧿 Senior Advisor to Ed of World Bank : Rajeev Topno 

🧿 Member Countries :189

Monday 28 June 2021

Todays Headlines 29.06.2021 for All bank exam

 Today's Headlines from :Dt 29/06/21


*Economic Times*


📝 Over 32.85 Cr Covid vaccine doses administered in country: Govt


📝 Co-op banks shall not outsource core management functions: RBI


📝 CRISIL gets into ESG rating, launches scores for 225 companies


📝 Punjab & Sind Bank to seek shareholder nod to set off losses of Rs 3,577 cr from share premium account


📝 UK’s Standard Life to sell 3.46% stake in HDFC Life Insurance on Tuesday


📝 NLC India Q4 profit rises 52% to Rs 757 cr


📝 Zee Media Corp Q4 profit drops nearly 6% to Rs 10.50 cr


📝 FM announces stimulus package for economic revival, raises ECLGS scheme limit to Rs 4.5 lakh crore


📝 Govt to formulate streamlined approval process for PPP projects, core infra asset monetisation


📝 NTPC invites EoI to set up 1GW battery storage system


📝 Wipro Aerospace unit to acquire Boeing supplier for $31 million


📝 Encube Ethicals gets funding from Quadria Capital, others at $800 million valuation


📝 LocoNav raises $37 million in funding from Sequoia India, others

 

*Business Standard*


📝 Tata Motors to launch 10 EVs by 2025, 'lead change' on carbon footprint


📝 Sebi keeps approval to Go Air's Rs 3,600-crore IPO in abeyance


📝 Central Coalfields awards Rs 9,294 crore mining project to Power Mech


📝 FTAs with key nations will boost exports, attract more investments: FIEO


📝 Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian


📝 IFSC eases capital norms for AIFs, exempts need for sponsors' commitment


📝 Strong debut by Dodla and KIMS, gain 42% and 21% respectively at close


📝 DRL launches DRDO drug 2-DG to treat moderate to severe Covid patients


*Financial Express*


📝 Tenure for smartphone PLI extended by a year; BharatNet outlay hiked


📝 Emami hikes stake in Helios Lifestyle to 45.96%, becomes largest shareholder


📝 Quarterly results: Repco Home Finance net up 32% in Q4


📝 MSME Minister Gadkari announces integration of Udyam with CSCs, a dashboard to monitor schemes


📝 Mastercard buys stake in Instamojo


📝 Piramal Enterprises to raise up to Rs 1,000 cr via NCDs


📝 Chhattisgarh steel plant demerger to be completed in Q3: NMDC


📝 Real estate development along national highways offers over 15% returns: JLL India


📝 Commercial Bank of Kuwait selects TCS solution to transform treasury operations


📝 Unemployment rate down to 8.7%, LPR fall a cause for concern


📝 Exports target of $400 bn for FY22 requires aggressive marketing strategy:FIEO


📝 Cotton body seeks withdrawal of 10% customs duty


📝 Skanray Technologies files IPO papers with Sebi


*Mint*


📝 Centre reinforces usage of GeM portal


📝 JPMorgan takes 40% stake in Brazil's C6 Bank


📝 Govt buys record 432.83 lakh tonnes of wheat at MSP for nearly ₹85,500 crore


📝 Serum Institute applies  for  emergency  use licence for Covishield in EU


📝 Business activity recovers for fifth week as cases, lockdowns ease: Report


📝 Gaming tech startup Mobius gets funding from angel investors


📝 Nua raises $7.1 million in pre-Series B funding round led by Lightbox


📝 India's air passenger traffic rises for fourth week in a row


📝 D2C firm boAt forays into personal grooming category with sub-brand Misfit.

Current affairs 3rd July 2021 for IBPS PO SBI PO SBI CLERK AND ALL OTHER EXAM

 Today's Headlines from :Dt 3/07/21 *Economic Times*   📝 Reliance Jio deal can earn Google Cloud $1 billion in revenue 📝 Bank credit g...