IBPS2020

click here for Maths Capsule Part-I

UNDERSTANDING GREEN BONDS AND GREENER WAY OF FINANCING Yes Bank and Export-Import Bank of India (Exim Bank) recently tasted success launching what are called  ‘Green Bonds’-  a relatively new way to finance renewable energy projects. What are green bonds? A bond is a debt instrument with which an entity raises money from investors. The bond issuer gets capital while the investors receive fixed income in the form of interest. When the bond matures, the money is repaid. A green bond is very similar. The only difference is that the issuer of a green bond publicly states that capital is being raised to fund ‘green’ projects, which typically include those relating to renewable energy, emission reductions and so on. There is no standard definition of green bonds as of now. Indian firms like Indian Renewable Energy Development Agency Ltd and Greenko have in the past issued bonds that have been used for financing renewable energy, however, without the tag of green b...

SBI Associates clerical results are out and interviews are scheduled to start from 11-May 2015. Click here to see the results of written test for SBI Associate Clerical

State Bank of India has declared final result for the recruitment of Probationary Officers in Associate Banks for which written test was conducted in November 2014.  Click Here to View Final Result

PM: The biggest capital of the poor is their integrity. PM: Combination of integrity with MUDRA – capital – will be the key to success for small entrepreneurs. Prime Minister, Shri Narendra Modi, today said that supporting the small entrepreneurs of India is the biggest way to help the Indian economy grow and prosper. He was speaking at the launch of the Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana in New Delhi. Stressing the contribution of small entrepreneurs in the economy, the Prime Minister expressed confidence that within a year’s time, the major banks would also adopt the MUDRA model. The Prime Minister said that in our country, one often experiences that things revolve around mere perceptions, while the details often paint a different picture. Giving the example of the perception that large industries create more employment, he said that a look at the details reveals the reality that only 1 crore 25 lakh people find em...

State Bank of India has released notification for the post of specialist officer for the year2015

1. RBI keeps Key Rates unchanged i.  The Reserve Bank of India (RBI) kept the repo rate unchanged at 7.5% in its monetary policy review. Along market expectations, Raghuram Rajan also kept the Cash Reserve Ratio (CRR) at 4%.  ii.  Rajan kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts. iii.  The RBI will await the transmission by banks of its front-loaded rate reductions in January and February into their lending rates. Transmission of policy rates to lending rates has not taken place so far despite weak credit off take and the front loading of two rate cuts, said RBI.  2. Dena Bank inked MoU with Life Insurance Corporation i.  Dena Bank on 6 April 2015 signed a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to all Aadhaar-linked savings account holders of the bank in t...