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 ✅ Important Award & Instituted Year ▪️Nobel Prize : 1901 ▪️Oscar : 1929 ▪️Bharat Ratan : 1954 ▪️Khel Ratan : 1992 ▪️Pulitzer Award : 1917 ▪️Arjun Award : 1961 ▪️Grammy : 1958 ▪️Man Booker prize : 1969 ▪️Magsaysay Award : 1957 ▪️Jnanpith Award  1961 ▪️Dhyanchand Award : 2002 ▪️Dronacharya Award : 1985 ▪️Mahatma Gandhi peace Prize : 1995

Telegram link  Https://t.me/+8tWxrSNWDV85MzZl I am managing one Telegram Group - S.I.V.A, stands for Sharing Information for Value Addition. In this Group I am sharing one Article (maximum 3 pages) of general interest, non banking and non financial. I am sharing one Article once in 4 days ( on 4th, 8th, 12th......). I am sharing link of the Telegram Group of S.I.V.A. Interested one may join the group.

×××××××××××××××××××××××  *TODAYS TOP NEWS*  ××××××××××××××××××××××× 1.  India Meteorological Department, IMD has predicted heavy rainfall spell over Northeastern states during next five days.  2. India Meteorological Department has said that this year the southwest monsoon onset over Kerala is likely be slightly delayed than normal date. It is now expected to arrive by 4th June. 3. The Union Cabinet on Wednesday approved a subsidy of Rs 38,000 crore for Phosphatic and Potassic (P&K) fertilisers, taking the total outlay for fertiliser subsidies to Rs 1.08 lakh crore for the ongoing Kharif season in order to provide affordable soil nutrients to farmers. 4. Eight major rail projects worth Rs 8,216 crore are slated to be launched by PM Modi on 18 May. The projects include foundation stone laying for redevelopment of Puri and Cuttack stations.  5. Union Minister, Dr. Jitendra Singh will chair a high level meeting of all the Vice Chancellors of Universities, Direc...

🍒   Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal, says CEO Chadha : Bank of Baroda does not foresee any challenges in adhering to the central bank's proposed loan-loss mechanism given its improved asset quality ratios and will be able to maintain credit costs, a top official at the bank said. The state-run lender's credit cost, the projected quantum of potential losses on total loans, was at 0.14% in the January-March quarter, down from 0.37% the previous quarter and 2.69% a year ago.Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period."I think we are very well protected," said Sanjiv Chadha, managing director and chief executive officer - economic times 🍒    Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures : Private sector lenders Kotak Mahindra Bank and Federal Bank have hiked their...

   Difference between                                Laws; Rules and Regulations  Any society is governed by certain set of Laws, Rules and Regulations. Although in  common language they are used an synonyms yet there is substantial difference  between them.  Laws are rules that are enacted by governing body, while regulation is the process  of monitoring and enforcing the rules.   Laws are basically things that a person can and cannot do. Laws demand total  subjugation of an individual before them. They are to be mandatorily followed.  Law is enforced by government officials such as police officers, agents and judges.  Laws are ideas that must go through the process of checks, balances and votes in  order for them to become a law.   Laws must be obeyed by all. Laws set out standards, procedures and principles that  must be follo...

Today's Headlines from : *Economic Times* 📝 HDFC, PFC plan debt raise of up to Rs 6,500 cr 📝 Cabinet clears fertiliser subsidy for Kharif season 📝 REC March qtr net profit zooms 31% YoY to Rs 3,001 crore 📝 JK Tyre Q4 Results: Profit rises nearly three-fold to Rs 1.08 billion 📝 Devyani International Q4 Results: Profit falls 19% YoY to 61 crore; revenue up 28% 📝 Government tightens rules on global credit card transactions by Indian travellers abroad 📝 Vedanta Resources Ltd taps global banks for $500-600 million loan 📝 Falling premiums at LIC drag life insurers' income down by 30% 📝 Cabinet approves PLI-II for IT hardware with Rs 17,000 crore outlay 📝 Blackstone set to buy diamond grading company IGI for up to $550 million 📝 BPCL board okays Rs 49,000 cr capex for Bina Refinery 📝 Solar panel maker Waaree in talks to raise Rs 1,000 crore 📝 Fashion giant Shein raises $2 billion but lowers valuation by a third 📝 Water technology firm Gradiant hits $1 billion valuation a...

🍒   Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal, says CEO Chadha : Bank of Baroda does not foresee any challenges in adhering to the central bank's proposed loan-loss mechanism given its improved asset quality ratios and will be able to maintain credit costs, a top official at the bank said. The state-run lender's credit cost, the projected quantum of potential losses on total loans, was at 0.14% in the January-March quarter, down from 0.37% the previous quarter and 2.69% a year ago.Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period."I think we are very well protected," said Sanjiv Chadha, managing director and chief executive officer - economic times 🍒    Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures : Private sector lenders Kotak Mahindra Bank and Federal Bank have hiked their...

 Inspiring Story Do you know this heart touching history...? Syndicate Bank merged with Canara Bank on 1st April 2020 With bank mergers taking place and banks losing their identity, here is a little-known story of once-private Syndicate Bank, which started with a 25-paise deposit... There are three reasons why Syndicate Bank is important in the evolution of India as a wealth generator, and for working towards the upliftment of the masses. First,it was born out of a belief that an innovative person cannot really generate wealth for himself on a sustainable basis unless he works out a way to make his community wealthy as well. Secondly, it was the only large bank in India to locate its headquarters in a rural area – in the 1930s Manipal was still a village. Thirdly, even before CK Prahalad arrived on the scene, its promoters knew about how wealth could be found at the bottom of the pyramid. At a time when all banks insisted on Rs 5 as the minimum deposit amount to open an account, Sy...

*WhatisCCIL? OpenPosition: Anopenpositionisatradethathasbeen established,butwhichhasnotyetbeenclosedout withanopposingtrade. Ifaninvestorpurchases100sharesofastock,then hehasanopenpositioninthatstockuntilitissold. LongPosition:(buy) Alongpositionreferstothepurchaseofanasset withtheexpectationitwillincreaseit’svalueinnear future. ShortPosition:(sell) Ashortpositionreferstoatradingtechniquein whichaninvestorsellsasecuritywithplanstobuy itlater. TheGuidelinesforforeignExchangebusiness: RBIhasissuedInternalControlGuidelines(ICG)in 2011forforeignexchangebusinesswhichcovers variousaspectofdealingroomoperations,codeof conductfordealersandbrokersandotheraspect ofriskcontrolguidelines,includingsetupofthe dealingroom,backofficeandriskmanagement structure. UnderICGbanksarerequiredtoputinplace variousdealinglimitsfortheirFOREXoperationas discussedbelow: 1-Overnightlimit: Maximumamountofopenpositionorexposurea bankcankeepovernight,whenmarketsinitstime zoneareclosed. 2-Daylightlimit: Maximumamountof...

 Questions for JAIIB PAPER 1 PPB & bank promotion 1. The RBI was set up on the recommendations: a) Narsimam Committee b) Royal Commission c) East India company d) Chore Committee Ans: b) RBI was set up on the recommendation of Royal commission also known as Hilton-Young commission 2. The Reserve Bank of India (RBI) commenced its operations on _ during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. A.1 April 1935 B. 1 April 1936 C. 1 April 1937 D. 1 April 1938 Answer: A 3. When was RBI nationalised? a) January 1,1949 b) January 1,1950 c) January 1,1955 d) January 1,1956 Answer: A 4. Which is not the main function of RBI: a) Inflation control. b) Control on bank credit c) Interest rate control d) Control Spending & Taxes Ans: d) Spending is the function of central bank through Fiscal Policy. 5. What is not correct in Hawkish Policy of RBI a) Aiming to control Inflation b) Raising Interest Rates c) Pausing Interest Rates d) Reducing...

 🍒 ‘Consumer confidence slips to a new low in May’ : Our Bureau The Consumer Confidence Survey released by the Reserve Bank of India for the month of May showed that the consumer confidence for the current period weakened further.  The current situation index (CSI), which has been in the negative territory since July 2019, fell to a new all-time low as consumer perceptions on general economic situation and employment scenario lowered further. The future expectations index (FEI) moved to pessimistic territory for the second time since the onset of the pandemic. This was driven by sharp fall in expectations on general economic situation, employment scenario and household income over one-year horizon. Household spending, too, weakened in the latest survey round, with essential spending showing signs of moderation while non-essential spending continues to contract. - Business Line 🍒 RBI approves re-appointment of Vishwavir Ahuja as MD, RBL Bank : The Reserve Bank of India has ap...

Bharti Airtel: Telecom major Bharti Airtel's consolidated net profit surged 89% QoQ to ₹3,005.6 crore for the fourth quarter. It was ₹1,588.2 crore in Q3FY23. The consolidated revenue from operations was by marginally by 0.6% sequentially to ₹36,009.0 crore from ₹35,804.4 crore. The company's consolidated net profit for Q4FY23 rose 49.7% on year from ₹2,007.8 crore during the same period in the previous fiscal.  Infosys: IT major Infosys and bp, a global integrated energy company on Tuesday announced the signing of a Memorandum of Understanding (MoU) to demonstrate their intent for Infosys to be bp’s primary partner for end-to-end application services, including development, modernization, management and maintenance. LIC Housing Finance: LIC Housing Finance in its Q4FY23 results reported a net profit of ₹1,180.3 crore, registering a growth of 5.5%, compared to ₹1,118.6 crore in the corresponding period last year. The company's NII for the January-March quarter came in at ...

t BoB, BNP Paribas join hands for MF venture : Baroda Mutual Fund has joined hands with BNP Paribas MF, the asset management arm of the leading banking group in Europe, BNP Paribas, to form Baroda BNP Paribas Mutual Fund. The new entity will leverage on the strengths that each partner has developed to offer products specifically designed for retail and institutional clients in India. Bank of Baroda will have a 50.1 per cent stake in the AMC, while BNP Paribas Asset Management will hold the remaining stake. Suresh Soni has been appointed CEO of the merged entity. - Business Line 🍒 DHFL Resolution: Top banks move Apex court against NCLAT order : In a surprise move, several top banks forming part of the Committee of Creditors (CoC) in the erstwhile DHFL’s resolution matter have knocked the doors of the Supreme Court in appeal against the recent NCLAT order that had given the entire set of financial creditors a seemingly better deal than what the CoC had agreed for in the resolution plan....

 ✅Facilities Launched in Banks & Insurance Sector 🔶ICICI Prudential Life Insurance launched ‘ICICI Pru Gold’ 🔶Kotak Mahindra Asset Management Company Ltd launched Kotak Silver Exchange Traded Fund (ETF) Fund of Fund 🔶Suryodaya Small Finance Bank launched Blossom Women’s Savings Account 🔶Bank of Maharashtra launched its own private cloud platform ‘MAHABANK NAKSHATRA’ 🔶HDFC Bank launched a pilot project for offline digital payments ‘OfflinePay’ 🔶The New India Assurance has launched a “Pay As You Drive” (PAYD) policy for vehicles.