New Appointment

Madhabi Puri Buch is the New Chairperson of SEBI. She is the youngest and first from a  private Sector. 

Banking / Business Abbreviations

1. IRAC - Income Recognition and Asset Classification. 

2. MCX - Multi Commodity Exchange of India. 

3. FTP - File Transfer Protocol. 

4. TReDS - Trade Receivables Discounting System. 

5. MSP - Minimum Support Price. 

6. MOA - Memorandum of Association. 

7. NARCL - National Asset Reconstruction Company Limited. 

8. IDRCL - India Debit Resolution Company Limited. 

9. MTM - Marked to Market. 

10. OFS - Offer for Sale. 

11. DRHP - Draft Red Herring Prospectus. 

12. OCCPR - Organised Crime and Corruption Reporting Project. 

13. MCLR - Marginal Cost of Funds based Lending Rate. 

14. WALR - Weighed Average Lending Rate. 

15.SWIFT - Society for Worldwide Interbank Financial Telecommunications. 

GK Quest 2 - 18/01/2022

The Indira Gandhi Canal moves through the states of Punjab, Haryana and Rajasthan, beginning at the Harike Barrage (Punjab) and ending at the Thar Desert in Rajasthan. 

The 650 km-long canal is the longest canal of India

GK Quest 1 - 18/01/2021

Captain Harpreet Chandi, a British sikh army officer, become first women of indian orgin to trek solo to the South Pole. She completed 700 miles across Antarctica in 40 days, 7 hours and three minute's. 

Banking related News - 15/09/2021

Banking related News

1) RBI and Singapore monetary authority link payments system for fast funds transfer and make cross border transaction easier. 

2) Wholesale inflation rises to 11.39% in auguest and consumer price index slipped to 5.3%. 

3) Banks gross NPAs may cross Rs. 10 Lakh cr by March 2022 says Assocham- CRISIL study. 

4) PNB to sell its entire stake 23% in Canara HSBC OBC life Insurance (CHOICE).