Banking - Financial Affairs



PendulumEdu brings for all the banking aspirants daily banking, economic, and financial awareness, which is very important to crack any banking and insurance exams. One will find the number of questions from the topics which have been in the news lately in exams like SBI PO Mains, IBPS PO mains, IBPS Clerk, SBI Clerk, RBI Grade B, IBPS RRB Scale I Officer, LIC AAO and other exams.
Read More

Monthly Banking Awareness Compilation 2021

September 2021

September Monthly Banking Awareness

August 2021

August Monthly Banking Awareness

July 2021

July Monthly Banking Awareness

June 2021

June Monthly Banking Awareness

Half Yearly (Jan - June 2021)
2021 Book

Banking Awareness

Show more

Latest Banking Awareness Video

Banking Awareness is very important for all Banking exams like SBI PO, IBPS PO, SBI CLERK, IBPS CLERK, IBPS RRB, etc. PendulumEdu has begun a news series of videos for Banking Awareness.

 

Banking Awareness of July 5 - July 11 2021

Banking Awareness of June 28 - July 4 2021

Banking Awareness of June 21 - June 27 2021

Top Banking Awareness October 2021

RBI gives banking licence to Unity Small Finance Bank Ltd.

RBI has granted banking licence to Unity Small Finance Bank Ltd. Unity Small Finance Bank Ltd was set up jointly by Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe).

Consumer Confidence Index (CCI) for September 2021 improves to 57.7.

As per RBI’s Consumer Confidence Survey, Consumer Confidence Index (CCI) for September 2021 has improved to 57.7 vis-a-vis 48.6 in July 2021. The improvement in CCI shows lower pessimism of consumers on the prevailing general economic situation.

RBI has not changed the policy rates for the eighth time in a row.

The Reserve Bank of India’s Monetary Policy Committee has unanimously decided to maintain the status quo on interest rates for the eighth time in a row and maintain the monetary stance accommodative. MPC has decided to keep the Repo rate unchanged at 4 percent and Reverse Repo rate at 3.35 percent. MSF rate and bank rate remain unchanged at 4.25%.

Moody’s changes India’s sovereign rating outlook from Negative to Stable.

Moody’s Investor Service has changed India’s sovereign rating outlook from Negative to Stable. However, it retained the sovereign rating at Baa3, which is the lowest investment grade rating. A stable outlook shows that there is a low likelihood of a rating change over the medium term.

PFRDA to open ‘on tap’ licensing window for fund managers next year.

PFRDA Chairman Supratim Bandyopadhyay has said that PFRDA will open its ‘on tap’ licensing window for fund managers next year. Pension Fund Regulatory & Development Authority (PFRDA) had opened an “on tap” window from July 1-31. The window was opened for awarding licences to sponsors of pension funds.

Union Cabinet gives approval to investment of 4,400 crore rupees in ECGC Ltd.

Union Cabinet has given approval to an investment of 4,400 crore rupees in ECGC Ltd in five years (from FY 2021-2022 to FY 2025- 2026) to support exporters and banks. Union Cabinet has also given approval to the listing of Export Credit Guarantee Corporation Ltd. (ECGC Ltd) through IPO on the Stock Exchange. Capital infusion and Initial Public Offering (IPO) of ECGC Ltd will raise ECGC’s underwriting capacity to support more exports.

Top Banking Awareness September 2021

Government selects Captain Alok Mishra as MD of India Ports Global Ltd.

Government has selected Captain Alok Mishra as MD of India Ports Global Ltd. Appointments Committee of the Cabinet (ACC) has cleared his candidature. He will have a five-year tenure in the new role. India Ports Global Ltd is tasked with developing and running of India-funded Chabahar port in Iran.

Monetary penalty of ?79 lakh imposed on Apna Sahakari Bank, Mumbai.

A monetary penalty of ?79 lakh has been imposed on Apna Sahakari Bank, Mumbai. The penalty has been imposed for non-compliance with RBI’s directions on non-performing asset (NPA) classification. Further, the bank has not complied with RBI directions on payment of interest on deposits lying in current accounts of deceased individual depositors.

Limit of ?5 crores per entity imposed on total entitlement under Services Export from India Scheme (SEIS).

Limit of ?5 crores per entity has been imposed on total entitlement under the Services Export from India Scheme (SEIS). Commerce & Industry Ministry’s notification says that the facility to claim benefits under SEIS on payments in Indian rupees will not be available for services rendered in 2019-20.

All-India Consumer Price Index for agricultural and rural labourers (CPI-AL and CPI-RL) show an increase in August.

All-India Consumer Price Index for agricultural and rural labourers (CPI-AL and CPI-RL) has shown an increase of five and four points respectively in August. In August, CPI-AL is recorded at 1064 and CPI-RL is recorded at 1074. As per Principal Labour & Employment Advisor DPS Negi, the rise is chiefly due to an increase in prices of rice, milk, mustard oil, vanaspati, groundnut oil, tea leaf, etc.

GST Council decides to extend the term of National Anti-Profiteering Authority (NAA) for one more year.

GST Council has decided to extend the term of the National Anti-Profiteering Authority (NAA) for one more year considering the pendency of cases. GST Council has also decided that an alternative will be explored in the Competition Commission of India (CCI). NAA has been given an extension for the second time. Its term will now end on November 30, 2022.

RBI’s first cohort for voice-based retail payments was successfully completed by ToneTag.

RBI’s first cohort for voice-based retail payments has been successfully completed by ToneTag. As per Kumar Abhishek, Founder and CEO of ToneTag, the success of the company’s technology will bring rural India into the digital payment ecosystem.

Government reduces import duty on palm, soybean and sunflower oils.

The government has reduced import duty on palm, soybean and sunflower oils for the second time within a month. The reduced duty became effective from 11 September. It will remain effective till September 30. Customs duty and additional infrastructure and development Cess will be the same at 24.75% for all crude edible oils.

A G Thankappan assumes charge as the Chairman of Spices Board.

A G Thankappan has assumed charge as the Chairman of Spices Board. He assumed office in presence of Spice Board Directors and senior officials at Sugandha Bhavan, the headquarters of Spices Board in Kochi.

Harsha Bhupendra Bangari appointed as EXIM Bank MD.

Harsha Bhupendra Bangari has been appointed as MD of Export-Import Bank of India (EXIM Bank). She has taken charges on 08 September. She will remain on the post for a period of three years or until further orders of the government.

IMF allocated 12.57 billion SDRs to India.

The International Monetary Fund (IMF) has increased India’s special drawing rights (SDR) quota to 12.57 billion which is equivalent to $17.86 billion. The total special drawing rights (SDR) holdings of India now stand at SDR 13.66 billion, which is 2.75 percent of the SDR quota. India is continuously trying to increase its vote share in the IMF. At present, India holds 2.63 percent of the votes share in the IMF.

FSSAI awards 5-star ‘Eat Right Station’ certification to Chandigarh railway station of Indian Railways.

FSSAI has awarded 5-star ‘Eat Right Station’ certification to Chandigarh railway station of Indian Railways. FSSAI grants this certification to railway stations following standard food storage and hygiene practices. FSSAI also awards this certification to railway stations setting benchmarks in providing safe and wholesome food to passengers.

Top Banking Awareness April 2021

Top Banking Awareness March 2021

Top Banking Awareness February 2021

Top Banking Awareness January 2021

FDI equity inflow into India increased by 37% from $32.11 billion to $43.85 billion.

In April-November of FY21, FDI equity inflow into India increased by 37% from $32.11 billion in April-November 2019 to $43.85 billion. In April-November of FY21, total FDI increased by 22% from $47.67 billion in April-November 2019 to $58.37 billion. Total FDI includes reinvested earnings. FDI equity inflow and total FDI were highest ever for the first eight months period of a financial year.

 

Coal-based power generation stood at 79% of total power generation on 22 January.

As per Coal India Limited, coal-based power generation in India stood at 79% of total power generation on 22 January. All India peak power demand increased from 185.82 GW on 20 January to record level 187.3 GW on 22 January. Thermal power accounts for about 62% of the total installed capacity in India. Out of this installed capacity, coal and lignite account for 53% and 2%, respectively. Gas and diesel account for 6.7% and 0.1%, respectively.

 

Axis Bank, Axis Capital, and Axis Securities get approval to buy a stake in Max Life Insurance Company.

Axis Bank, Axis Capital and Axis Securities have got approval to buy a stake in Max Life Insurance Company. Earlier, Axis Bank’s proposal to directly acquire a 17% stake in Max Life Insurance was rejected by RBI.  Axis Bank had sought Competition Commission of India approval to buy up to 20% stake in Max Life Insurance Company.

 

States suggest merger of cess and surcharges with basic tax rate.

During the pre-budget consultations, the states suggested to Finance Minister that cess and surcharges should be merged with basic tax rate. If cess and surcharges are merged with the basic rate of tax, states will receive their share from additional revenue. Textile sector wants the government to bring a uniform GST structure for apparels and textiles to deal with the problem of higher duties on inputs in the next Budget.

Top Banking Awareness December 2020

Atmanirbhar Women Scheme started by Bank of Baroda

Atmanirbhar Women Scheme has been started by Bank of Baroda as part of its Baroda Gold Loan. The bank will offer loans to women at a 0.50% concession rate under the scheme. Under the gold loan scheme, the Bank of Baroda also offers Agri-gold loans and retail loans at 0.25% and 0.50% concession, respectively.

 

Business Culture Awards 2020 won by UST Global

Business Culture Awards 2020 has been won by UST Global, an American company providing digital technology and IT services. UST Global won the award for ‘Best International Initiative for Business Culture’. The company was recognized for ‘Great Place to Work’ on workplace culture in India, the UK, and the US.

 

RBI proposes an increase in the limit for contactless card transactions

RBI has proposed an increase in the limit for contactless card transactions from Rs 2,000 to Rs 5,000 from January 1, 2021. RBI has made this proposal in its statement on developmental and regulatory policies released on December 4, 2020. RBI has also proposed to make these changes for e-mandates for recurring transactions through cards (and UPI). However, RBI will issue instructions for these proposals later.

Top Banking Awareness November 2020

Rupee continues to lose against US Dollar while currencies of other emerging economies continue to rise.

Rupee is continuing to lose against US Dollar while currencies of other emerging economies are continuing to rise from April 2020. In 2020, Rupee has lost 3.59% against the greenback (informal term for dollar) and performed worst among Asian currencies such as China’s Renminbi, the Philippines’ Peso, Taiwan’s dollar and Korea’s won. These currencies appreciated by more than 4% against the dollar. Monetary easing by US Federal Reserve has caused the greenback index (US Dollar index) to move down by over 10% from its peak in March 2020.

 

SDG Investor Map for India launched by UNDP and Invest India

SDG Investor Map for India has been launched by UNDP and Invest India. SDG Investor Map for India has 18 Investment Opportunities Areas (IOAs) spread over six critical areas. It has also identified eight White Spaces in which investors have shown interest. Six critical sectors included in SDG Investor Map are Education, Healthcare, Food & Beverages, Renewable Resources & Alternative Energy, Financials and Sustainable Environment.

 

Inverted duty structure making domestic rubber industry non-competitive in international markets

The inverted duty structure in India is making its domestic rubber industry non-competitive in international markets. Inverted duty structure means import duty on raw materials is high and import duty on finished products is low. Inverted duty structure causes a rise in imports and negatively affects the domestic industry. Under the Free Trade Agreement with ASEAN countries, import duty on natural latex liquid is 70%. But, import duty on latex products is only 5%. It is easier to import finished products than to manufacture them domestically. The duty on rubber products is between 0 to 10%.

Frequently Asked Questions (FAQs) - Banking Awareness

FAQ question

What is Banking Awareness?

Banking Awareness includes RBI circulars, RBI Rules and Regulations, Digital Banking, Schemes and Initiatives of various Banks.

What is the difference between Economic, Financial and Banking Awareness?

Economic Awareness is a vast, comprehensive field that includes the Indian Economy as well as the World Economy. Economic Awareness includes Financial Awareness and Banking Awareness. Financial Awareness includes Money Market, Financial News, and Trade-related matters, whereas Banking Awareness includes schemes of various banks, RBI circulars, Rules and Regulations set by RBI and banking-related matters.

How frequently should I study Banking Awareness?

Since the Banking Awareness section has a limited number of updates, so we will be providing Banking Awareness questions once in every two days. Read Banking Awareness at PendulumEdu in every two days.

For which competitive exams, Banking Awareness are important?

Banking Awareness is asked in various competitive exams like SBI PO Mains, IBPS PO Mains, IBPS Clerk, SBI Clerk, RBI Grade B, IBPS RRB Scale I Officer, LIC AAO, State PCS, UPSC Civil Services, etc.

How should I prepare for Banking Awareness?

Visit the Banking Awareness Section and study questions from a wide range of topics. Banking Awareness is updated on our website once in every two days. Study these questions and attempt Banking Awareness Quiz to check your progress. Also, read the monthly Banking Awareness to revise the news on a monthly basis.

How can I test my Banking Awareness preparation?

You can test your preparation and progress in Banking Awareness by attempting Banking Awareness Quiz. The quiz is designed in such a way that it will give you a real exam feel and help you achieve mastery in Banking Awareness.

Why monthly Banking Awareness is important?

Monthly Banking Awareness is handy. They will help you revise the Banking Awareness in an effective and organised manner. You will be able to analyse your progress level. Also, at the end of the month, you will have a monthly Banking Awareness PDF through which you can study for your exams.

If I receive Banking Awareness once every two days, will it be sufficient for my preparation of Banking and Insurance Exams?

Yes, It will be sufficient. We provide all the important news that happened in two days. Banking Awareness is prepared from various sources by our expert team members to save your time in finding the important questions.

What type of topics are included in Banking Awareness?

Banking Awareness includes schemes and initiatives of various Banks, Digital Banking, Money Market, World and Indian Economy, Trade-related matters, Financial News and so on in a comprehensive manner.

What sources are used to prepare Banking Awareness?

Banking Awareness is prepared by our experts after referring to various authentic and genuine sources like News on AIR, The Hindu, Indian Express, The Hindu Business Line, The Financial Express, PIB, etc.

What is the objective of studying Banking Awareness at PendulumEdu?

PendulumEdu provides you genuine and useful Banking Awareness Study Material, which helps you prepare well for your exams. The study material is prepared by our experts just for your convenience so that your time and efforts are utilized efficiently on other subjects.

Question Of The Day

Two different positions of the same dice are shown. Which number will be at the top if ‘1’ is at the bottom?

Banking Awareness

Attempt Daily Banking
Awareness Quiz

Attempt Quiz
Half Yearly (Jan - June 2021)
2021 Book

Banking Awareness

For IBPS, SBI, SEBI, RBI, State PCS, UPSC Exams

Preview Buy Now