Tuesday, 23 June 2015

Top News Headlines-22 June"15

1) The government proposed on Monday income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
2) A strike called by All India Bank Employees Association (AIEBA) on June 24 to press for the demands of employees of associate banks of State Bank of India (SBI ) has been postponed, said a top union leader.
3) Additional Chief Metropolitan Magistrate (ACMM) Tarun Yogesh remanded Narendar Singh Tomar to judicial custody for 14 days till July 6.
4) Bharat Sanchar Nigam Ltd (BSNL) plans to introduce mobile wallet (m-wallet) over the next two months with State Bank of India as its banking partner. "We expect m-wallet mobicash to be rolled out over the next two months. BSNL has chosen SBI as its banking partner in the project," BSNL CGM (Calcutta Telephones) Amit Bhattacharya said in Kolkata on Tuesday.
5) SBI starts 'Her Ghar Her Car' loyalty scheme.
6) State Bank of  India said on Friday it has launched SBI eforex, an Internet- based platform that enables customers to book their foreign exchange transactions online. The customers will be able to obtain forex rates without having to visit the branch, the bank said in a statement.
7) Extending gains for the fourth straight day, the rupee moved up by three paise to close at 63.52 against the American currency on persistent selling of dollars by banks and exporters on hopes of resumption of foreign capital inflows.
8) Rising for the seventh straight session, the benchmark BSE Sensex on Monday surged by 414 points to 27,730.21 on rally in realty and banks shares as above normal monsoon reignited hopes of an RBI rate-cut. In last seven sessions, the index has gained 1,359.23 points, its longest winning run since February.
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SBI Lanched New Scheme- HER GHAR HER CAR Loyalty Scheme

After the Her Ghar loan product, country’s largest bank State Bank of India launched ‘Her Ghar Her Car’ loyalty scheme offering reduced interest on car loans.
State Bank of India on Tuesday said it has reduced interest rates on car loans by 25 basis points for its women home loan borrowers.
The bank is offering the concession under the 'Her Ghar Her Car' loyalty scheme.
"Under this, 'Her Ghar' borrowers can go in for a 'Her Car' loan at reduced rate of 10 per cent per annum," the bank said in a statement here on Tuesday.
Car loans to non 'Her Ghar' borrowers would continue to be at 10.25 per cent per annum, it said.
In April this year, SBI had reduced interest rates on home loans for new women borrowers under the 'Her Ghar' scheme by 25 basis points to 9.85 per cent from 10.10 per cent.
Meanwhile, the bank also launched mCash, which will help its customers to transfer money to anyone without knowing their bank account details irrespective of whether the recipient banks with SBI or not.

Monday, 8 June 2015

SBI PO CALL LETTER (2015)


Dear SBI Aspirants,
Here is a good news for you SBI PO Preliminary Examination Call Letter is now available on SBI official website.
You can download your call letter via this link which is given below:-
http://ibps.sifyitest.com/sbipoapr15/cloeao_jun15/login.php?appid=3866733e2782626bf7c8b8e919bb4a1f
Step by step process
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1) Click this link
2) Enter your registration number
3) Enter your DOB or Password
4) Click submit button

All the best to all aspirants

Tuesday, 2 June 2015

New Repo Rate- 2nd June'15


Reserve Bank of India (RBI) governor Raghuram Rajan cut the repo rate by 25 basis points to 7.25% from 7.5% in the central bank's monetary policy review. The central bank kept the Cash Reserve Ratio (CRR) unchanged at 4%.
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Definitions of Bank Rates:
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Repo rate is the rate at which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.


Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country.


Reverse Repo rate is the rate at which the RBI borrows money from commercial banks.