Friday, 11 November 2016

Top 50 Banking & Financial News Items for General Awareness Section

IBPS PO Exam

General Awareness section in IBPS PO Exam assumes great importance and is scoring section too. Particularly, the banking and financial news have a major weightage. With the Main Exam of IBPS PO 2016 just around the corner, you need to brush up on your financial awareness. If you haven’t already been following the financial awareness capsule, here is a list of the 50 banking and financial happenings of 2016.


  1. RBI cuts repo rate by 25 bps in the 4th Bi-monthly Monetary Policy Statement
  2. Interest rates on small savings scheme cut by 0.1 per cent
  3. ICICI Bank becomes the first bank to introduce Software Robotics for power banking operations
  4. Government decides to raise EPFO investment in ETF from 5% to 10%.
  5. World Bank to invest Rs.1000 crore for improvement of inland waterways in Assam
  6. CBDT launches E-Nivaran to resolve income tax grievances
  7. Urjit R Patel appointed as RBI’s new governor
  8. National Payments Corporation of India announces that 21 banks will go live with Unified Payments Interface
  9. Central Government bans cash transactions over 3 lakhs to curb black money
  10. Union cabinet permits foreign investment through automatic route in NBFC sector
  11. Dinesh Kumar Khara appointed as Managing Director of SBI
  12. RBI constitutes Tarun Ramadorai committee to look at household finances in India
  13. RBI launches portal to curb illegal money
  14. Cabinet approves changes in the GST Bill
  15. Union Government approves the proposal to set up the Indian Post Payments Bank with a  capital of Rs.800 crore and is set to launch 650 branches by September 2017
  16. World Bank approves $201.50 million for technical education quality improvement project in India
  17. Asian Development Bank approves $500 million loan for a bridge over Ganga river in Bihar
  18. Five Associate Banks to merge with SBI
  19. Sudarshan Sen appointed Executive Director of RBI
  20. SBI launches IT Innovation Start-up Fund to assist start-ups
  21. NSE to launch new exchange for MSMEs
  22. Axis Bank launches India’s first certified green bond at London Stock Exchange
  23. China-based New Development Bank gives $250 million funding to Canara Bank for a renewable energy project
  24. Islamic Development Bank to open its first branch in India at Ahmedabad
  25. Unified Payments Interface launched by NPCI
  26. DCB Bank starts India’s first Aadhaar-based ATM
  27. India’s Dinesh Sharma elected to board of directors of AIIB
  28. China’s Xi Jinping launches Asian Infrastructure Investment Bank
  29. World Bank to Support Swachh Bharat Mission  with $1.5 billion dollar funding
  30. World Bank approves $250 million loan to support electricity distribution sector reforms in Rajasthan
  31. RBI announces private placement of securities under Uday scheme
  32. RBI cancels recognition of 22 NBFCs
  33. SEBI raises FPI investment limit
  34. Government cancels recognition of Delhi Stock Exchange
  35. India’s first cash giving app ‘CASHe’ launched
  36. Government to allow Pakistani Hindus to buy property and open bank accounts
  37. DBS Bank launches mobile-only bank in India
  38. RBI to issue Rs.1000 banknotes with inset letter R
  39. ICICI launches country’s 1st contactless credit card for SMEs
  40. BRICS Bank to issue first Yuan dominated bonds
  41. RBI introduces a ‘Scheme for Sustainable Structuring of Stressed Assets’
  42. Union Government takes initiative to encourage NRIs to join National Pension System through eNPS
  43. NPCIL gets India’s first nuclear liability policy
  44. IRCTC and SBI join hands to promote UTS and e-ticketing system to ease the service for passengers
  45. Federal Bank partners with Reliance Jio Money
  46. Axis Bank ties up with LIC to extend its insurance cover across India
  47. India approves $318 million loan for Sri Lankan Railways
  48. HDFC and Max Group merge life insurance businesses to create a company worth Rs.67,000 crores
  49. Bangladesh’s Junaid Ahmad appointed as the new World Bank Head in India
  50. Axis Bank and BHU team up for banking courses.
If you want to know more about banking and financial news items and prepare well for the General Awareness section of IBPS PO 2016, you can take help from institutes like TalentSprint. This is one section that you cannot prepare overnight or even over a period of one week. Daily reading of a National newspaper and regular updates from a finance magazine can help you be prepared for the questions in this section.

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4 comments:

  1. It was very helpful indeed ... Thanks

    ReplyDelete
  2. Really it was amazing i really like it and it is very helpful thank you talentsprint team..☺

    ReplyDelete