Here is the 27th June 2015 Latest Current Affairs of Bank Jobs

International Affairs

BRICS bank to be operational by the end of 2015: South Africa

  • Emerging market countries will have their own BRICS development bank by the end of the year.
  • The New Development Bank should be operational by the end of 2015,” the Ministry of Finance of South Africa said in a statement announcing the South African banker Leslie Maasdorp appointment as Vice President of banking and parliamentary ratification of two treaties on the lender.
  • BRICS nations – Brazil, Russia, India, China and South Africa – which account for 40 percent of the world’s population and a quarter of its economic output, decided in 2013 to create their own development bank to increase its loans to necessary infrastructure projects to bridge the gap with the industrialized world.
  • The bank, which will be based in Shanghai, is expected to have up to 100 billion in capital.
  • The inaugural meeting of the Board of Governors of the New Development Bank will be held in the Russian city of Ufa on July 7 to confirm the appointment of the management of the lender.

India ranked the best for investment

  • A ranking of destinations for attractiveness to foreign investors has placed India among the top 110 countries. China has achieved the 65th position and the US is in the 50th. In the Index 2014, India was the sixth and Hong Kong was number one.
  • The ranking is based on a basic profitability index that assumes that three factors influence the ultimate success of a foreign investment: how much the value of an asset is growing; preserving value while the assets are held; and ease of repatriation of the proceeds from the sale of assets.
  • The index combines measures for each of these factors in a statistical summary which reflects the basic attractiveness of a country for investment.

Government to infuse additional Rs 11,500 cr in PSU banks in FY16

  • Government is likely to infuse additional 8 billion (about Rs 11,500 crore) in the public sector banks report to the exercise and over US $ 1.2 billion allocated in the budget secretary Rajiv Mehrishi Finance said Friday.
  • The government has allocated Rs 7,940 crore in the budget for recapitalization of PSU banks for the current year.
  • The government has already assessing capital requirements of public sector banks began. He has already received presentation of 14 public sector banks.
  • By one estimate, the public sector banks would need additional capital of Rs 2.40 lakh crore by 2018 to meet the capital adequacy standards Basel III.

Mboweni heads Brics bank

  • Finance Minister Nhlanhla Nene said on Friday that the former governor of the Reserve Bank Tito Mboweni was appointed as non-executive director of the Board of Directors of the Business Development Bank of New Brics (NDB).
  • He added that the Cabinet had approved the appointment of Leslie Maasdorp for vice president of the NDB. Maasdorp recently parted ways with AdvTech where he was CEO. He was previously President of Merrill Lynch for Southern Africa.
  • NDB management will be appointed to the Board inaugural meeting on July 7, Nene said. The NDB should be operational by the end of the year.

Link In time launches applications to give investors real-time information

  • To give real-time information, the registration service provider Securities Link Intime India Pvt Ltd has launched two unique mobile applications, one for investors and one for business customers.
  • The Blink app provides the latest information on all enterprise customers served by intimate link for investors. The application will provide information on allotments IPO, details of meetings of shareholders, dividends declared and period closing book of undelivered items, insufficient funding of dividends / interest, and the failure of credit stocks / bonds in investors’ accounts, among others.
  • An investor can add up to 10 DP accounts under one login. The application Insta Link for customer companies authorized Intimate link provides an overview of past operations available the company’s shareholders under various categories and changes thereof in the last seven days immediate.

HDFC Securities mobile trading application available in 11 languages

  • HDFC Securities, a subsidiary of HDFC -0.23% Bank BSE launched its mobile commerce application in 11 different regional languages.
  • ARRIERS language or lack of research and counseling should not be reason not to invest in the future. In English from the application will be available in Hindi, Marathi, Gujarati, Punjabi, Assamese, Bengali, Tamil, Telugu, Kannada, Malayalam and Oriya.
  • HDFC Securities had a running call center that serves customers in eight languages. Mobile applications in multiple languages ​​as well as call centers will give much comfort to investors.


ICC changes the rules in order to restore balance in ODIs

  • In order to restore the balance between bat and ball, the ICC has decided today to abandon the batting power play and allow five fielders outside the 30 yard circle in the last ten laps acquisitions bat in one-dayers.
  • The rule changes come into effect for the series starting on 5 July or after, the ICC said in a press release issued today.
  • The ICC Board during its annual conference here adopted these recommendations were made by the cricket committee of the ICC led by former India captain Anil Kumble in Mumbai in May.
  • The ICC Board also considered and adopted the recommendations of the Working Group Integrity allow a greater role for a central anti-corruption unit and open the way to greater coordination of prevention and investigation activities around the world with a unified vision of “keep it clean cricket”.

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