March One Liner : Banking & Financial Awareness

1. Which bank leads mobile banking chart in India – SBI

Note:

• State Bank of India the nation’s largest lender, is also the leader in digital banking in the country in both volume and value terms, handling over 38 per cent mobile banking transactions a month.
• According to RBI – SBI accounted for 38.44 per cent of total mobile banking transactions in terms of volume and 35.97 per cent market share in terms of value in December 2015.

1. Interest rate on PPF slashed from - 8.7% to 8.1%

Note:

• The interest rate on PPF scheme slashed from 8.7 per cent to 8.1 per cent from 1st of April.
• According to a Finance Ministry order, the interest rate on KVP also cut to 7.8 per cent from 8.7 per cent.

1. India’s first contact-less mobile payment solution “iTap” has been launched by which bank – ICICI Bank

1. First bank to commence the sale of Indian Gold Coin (IGC) in the domestic market – Indian Overseas Bank

Note:

• The bank has tied up with Metals and Minerals Trading Corporation (MMTC) for the sale of IGC of 24 carat purity.
• IGC is the first ever national gold offering by the Centre. The IGC has the national emblem, the Ashok Chakra, engraved on one side and the face of Mahatma Gandhi on the other.
• The coin carries advanced anti-counterfeit features and comes in tamper-proof packaging. The current denominations available are 5, 10 and 20 gm.

1. Which of the following banks will become the India’s first Small Finance Bank (SFB)? - Capital Local Area Bank Ltd

Note: The Jalandhar-based Capital Local Area Bank Ltd (CLABL) will become the India’s first small area finance bank (SFB) by flagging-off its operations on April 13, 2016.

1. Recently, which bank has launched iWork@home programme for its women employees? – ICICI

Note:

• The ICICI Bank has launched “iWork@home”, a first-of-its-kind programme that allows women employees to work from home for up to a year.
• The company has deployed face recognition technology to facilitate women to work from home and provide access to the bank’s core banking servers.

1. Which Indian-American investor took charge as Alternate Executive Director at International Monetary Fund (IMF)? - Sunil Sabharwal

Note: Independent investor Sunil Sabharwal has become the first Indian-American to take charge as an Alternate Executive Director at International Monetary Fund (IMF).

1. What is the approximate contribution of real estate in India’s national GDP? - 9%

Note: Recently, the Rajya Sabha passed the Real Estate Bill to protect the home buyers. Real estate contributes nine per cent to the national GDP.

1. According to 2014-15 economic survey, which state of India holds the top position in terms of investment in manufacturing sector – Odisha

Note: Odisha tops the list in the country by bagging the lion’s share at 17% of the total investments in manufacturing sector.

1. Which of the following organisation has launched its first Uridashi Masala bonds? International Finance Corporation (IFC)

Note:

• The International Finance Corporation (IFC), the investment arm of the World Bank has launched its first Uridashi Masala Bonds (Japanese bonds).
• These masala bonds were launched to mobilise 30 crore rupees from Japanese retail investors and will be sold to Japanese household investors.
• The proceeds from these bonds will be used for promoting private sector development in India.
• JP Morgan is the sole arranger of the bonds and Daisen Hinomaru Securities is its distributor.

When will the Indian government set to digitally connect all post offices in rural areas in the country? - March, 2017 Note: The Indian government is digitally connecting all 1,29,323 gramin dak sewak post offices in rural areas across the country by March 2017.