[PIN-2014] Part 4_6
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HOME>> Current Affairs Weekly|| Published 23 hours ago || 21 Comments so far.
[PIN-2014] Part 4/6: Economic Regulators, Banking Sector
CMDs, RBI monetary policy, RBI Committees, Business
GK CEOs
1. Prologue to six part Article
series
2. Economy Related Officials/
Regulators
3. RBI Banking sector
4. RBI key rates / monetary
policy rates
5. RBI Committees
6. Bank CMDs
7. Commericial Banks
8. Insurance
9. PSU & Corporations
10. Business GK: Private
companies, MNC giants
Prologue to six part Article series
Total six parts covering December 2013 to 8thJune 2014- nearly six months that is the usual
time span for current affairs most competitive exams belowUPSC Civil serviceexam.
1. National
2. international
3. sports
4. banking and business GK
5. books, authors, movies, beauties
6. diaspora, civilian awards (national + international) and Dead in News
Useful for?
IFoS mains
security jobs: CDS, CAPF, ACIO
Banking jobs: IBPS, SBI PO, SBI Clerk, RBI Grade B Officer, RBI Assistant,
Staff selection: SSC CGL, SSC 10+2;
http://www.flipkart.com/fast-track-objective-arithmetic-2012/p/itmd68vjuzdcmrs7?pid=9788183489669&affid=mrunalrugmhttp://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#580http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#497http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#462http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#267http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#149http://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://www.flipkart.com/fast-track-objective-arithmetic-2012/p/itmd68vjuzdcmrs7?pid=9788183489669&affid=mrunalrugmhttp://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#45http://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://www.flipkart.com/fast-track-objective-arithmetic-2012/p/itmd68vjuzdcmrs7?pid=9788183489669&affid=mrunalrugmhttp://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#1http://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://www.flipkart.com/fast-track-objective-arithmetic-2012/p/itmd68vjuzdcmrs7?pid=9788183489669&affid=mrunalrugmhttp://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#580http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#497http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#462http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#361http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#329http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#267http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#214http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#149http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#45http://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#1http://www.flipkart.com/fast-track-objective-arithmetic-2012/p/itmd68vjuzdcmrs7?pid=9788183489669&affid=mrunalrugmhttp://www.flipkart.com/analytical-reasoning-3rd/p/itmdyv7d6fhkgp8s?pid=9788190458917&affid=mrunalrugmhttp://mrunal.org/2014/06/pin-2014-part-46-economic-regulators-banking-sector-cmds-rbi-monetary-policy-rbi-committees-business-gk-ceos.html#commentshttp://mrunal.org/category/current-affairshttp://mrunal.org/ -
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State PSC: UPPSC Lower & upper subordinate, Rajasthan, MP, Maharashtra, Punjab,
Gujarat, Karnataka etc.
PSU/Corporation jobs: EPFO, ESCI, FCI, ONGC etc.
All of above exams have 3-5-8 MCQs from Person in news, books, author, awards and sports.
What about UPSC/CSAT / preliminary exam?
1. This article series is pretty much useless for Civil service (IAS/IPS), they stopped this
variety of MCQs since last three prelims.
2. Besides even if UPSC examiner asks something, itd require far deeper coverage of static
background, which Ive ignored for PIN-2014, because here my focus is non-UPSC
exams, their examiners dont go that deep.
3. PIN data asked in IFoS (Forest service) Mains exam, hence important.
4. For IFoS prelims not much important, because both civil service and forest service got
common prelims (refer to point #2)
Any updates, corrections please do post in the comments but with reference except wikipedia
Economy Related Officials/ Regulators
Im only dealing with persons in news here. Otherwise economy current affairs = separate
gigantic matter altogether. For that, refer to .
CAGShashi Kant Sharma replaced Vinod Rai in
2013
CBDTCentral board of direct taxes. RK Sharma
replaced Sudha Sharma
CBECCentral board of excise and customs. Ms.
JM Shanthi Sundaram
CCICompetition commission of India. Ashok
Chavla.
DG
Hydrocarbons
BN Talukdar, previously worked in
OilIndiaLtd.
Finance
commission
Article 280 of Constitution
14th
FC: YV Reddy, recommendationswill apply from 1stApril 2015
13thFC: Vijay Kelkar
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Finance secyArvind Mayaram. also headed panel for
FDI-FII definitions; NSEL scam.
FMC Ramesh Abhishek
IRDA TS Vijayan
NHAI AK Upadhyay
PFRDA Yogest Agrawal (Resigned.)
Planning
commission
Montek Singh Ahluwalia. I think Modi will
remove him soon. ,forspending 35 lakhrupees for toilet in his office.
Principle
economic
advisor
Dr. Ila Patnaik (Indian express columnist)
SEBI
UK Sinha term extended. previous chairman
CB Bhave and board member KM
Abrahams trapped in CBI preliminary
inquiry (some allege theyre victimized for
investigating SAHARA).
TRAI Rahul Khullar
RBI / Banking sector
RBI Gov.
Raghuram Govind Rajan replaced D
Subbarao.
Term: three years (2016)
23rd Governor
youngest governor
Served as chief economists of IMF. Chief
economic Adviser to FM
four dy. governors
1. Urjit Patel
2. R. Gandhi (replaced Anand Sinha)
3. H.R. Khan
http://www.firstpost.com/india/montek-defends-rs-35-lakh-toilets-lashes-out-at-media-334128.html -
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RBIDy.Gov
4. SS Mundra
(In RBI grade B exam they ask Dy.Gov
names)
KC Chakrabarty Dy govrnor resigned before
his term.
.
New Banking license, Badhan IDFC: article click me
Youll also find some PowerPoint presentations under Mrunal.org/economy dealing with
banking sector evolution, classification, NBFC vs Banks difference etc.
Im not repeating ^those things for lack of time and duplication.
Following topics Ive not yet covered yet in any article, but you should prepare from net:
1. Minor accounts-new RBI directive,
2. Rupay card
3. capital infusion in public sector banks to meet BASEL norms
4. SBI launches Tab banking service- savings, housing, e-KYC.
5. State bank extends special housing loan scheme indefinitely
6. Government sold its stakes from Axis bank (9% @6crore)
7. Srei infra co got RBI license to open new 9k white label ATMs. Tata to roll out 15k ATMs
by 2016.
RBI key rates / monetary policy rates
key rates 1stApril2014
3rdJune 2014 (latest)
Bank Rate 9% same
Repo (=also
known as Policy
rate)
8% same
Reverse repo 8-1=7% same
SLR 23%22.5% (reduced= this willincrease money supply by
~40,000 crore)
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CRR 4% same
RBI Committees
After entry of Rajan in September 2013
Anil Kumar
SharmaPublic key infrastructure
Bimal jalan New Bank licenses- Bandhan and IDFC
Chandra
shekhar
By RBI on simplifying norms for all foreign
investors to invest in Indian govt. securities
recommended new category Registered
Foreign Portfolio Investor (RFPI)
Nachiket MorFinancial products for small businessman
and low income households
PJ Nayak
Panel
By RBI- To review governance of
Boards of Banks in the country
Recommended to reduce govt. share in
public banks less than 50%
Urjit Patel
Monetary policy strengthen revise. Target
4% CPI, monetary policy Committee,
decision by majority
Vijaya
Bhaskar
By RBI on resolving foreign exchange
benchmark setting process, like LIBOR
between FIMMDA and FEDAI
recommended Indian money market and
currency market should move towards
transaction based benchmark
G
Padmanabha
Facilitating exporters. RBI relaxes merchant
banking norms accordingly.
Bank CMDsIm not including all bankers but only those who were in news in last 5-6 months.
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AIFI (All India financial institutions)
NABARD Harsh Kumar Bhanwala
SIDBI Sushil Muhnot
EXIM Yaduvendra Mathur
NHB (Housing) Mohammad Mustafa, IAS
Who was setup first? EXIM > NABARD > NHB > SIDBI (latest)
Commericial Banks
AllahabadBank
Rakesh Sethi replaced ShubhalakshmiPanse
Andhra Bank C.V Rajendran
Axis Shikha Sharma
Bank of
BarodaS S Mundra
Bank of India Vijaya laxmi aiyyar
Bank Of
MaharastraSushil Muhnot
Bharatiya
Mahila BankUsha Anathasubramanium
HDFCAditya Puri (for banking); Renu Sud Kamad
(for NBFC-housing finance)
ICICI Chanda Kotchar too clichd
Punjab and
Sind BankJatinder Bir Singh
Punjab
National BankKR Kamath
SBI Arundhati Bhattacharya
State bank of
TravancoreMD Jeevandas Narayan
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Union Bank of
India
Arun Kumar tiwari replaced Archana
Bhargava
Vijaya BANK V. Kannan
Doha Bank opened its first branch in India, in 2013.
Insurance
IRDA
chairmanTS Vijayan
LIC SK Rai
Nationalinsurance
NSR Chandra prasad
Oriental
InsuranceAK Saxena
United
InsuranceMilint Karat
ING Vysya
Life
Insurance
Boss Kshitij Jain. From now on Exide life
insurance company, after takeover by Exide
industries.
PSU & Corporations
List not exhaustive. Ive only included the names I spotted in Indianexpress since
December onwards. Otherwise this list alone would run five mile long.Most of them can be ignored unless youre applying for their Management Trainee exams
:)
NMDC Narenda Kothari new CMD.
BBNL
Bharat Broadband network ltd. owned by
BSNL, Powergrid and Railtel. for implementing
National optical fibre network project.
BSNL RK Upadhyay
Delhi
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Metro Mangoo Singh.
GAIL BC Tripathy
HPCL-
Hindustan
Petroleum
Nishivasudeva first female CMD
IRCONIndian railways construction company. Signed
integrity pact of Transparency international.
NTPC Arup Chodhary
ONGC DK Sarraf Previously with ONGC Videsh
Prasar
Bharati Jawahar Sircar.
SAIL Chandrasekhar Verma
Shipping
corporation
of India
Arun Kumar Gupta
Business GK: Private companies, MNC
giants
List not exhaustive. Ive only included the names I spotted in Indianexpress since
December onwards.
As such this is not much important for sarkari job exams (Except for testing random GK
during interview).
These MCQs are asked in certain management colleges that donot accept CAT Scores
and have their own separate entrance exams
+ sometimes during IIM interviews, especially after your sales pitch on Why MBA?
Adobe Shantanu Narayen, CEO
Airbus Srinivasan Dwarkanath
Alibaba Jack Ma. Chinese e-commerce site. Will bringbiggest IPO
Amazon Jeff Bezos
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Amway
India
CEO Willian Pinckney arrested for direct
selling. (one type of multi-layer
marketing/Ponzi game)
Apple Tim Cook, plans to buy headset maker Beats.
Asus Jonney Shih
Axis
CapitalNilesh Shah
Bitcoin Satoshi Nakamoto
Britannia Varun Berry, MD
Britannia Varun Berry, MD
Cadbury
India
changed name to Mondelez India (Americancompany who bought it). although product
names will remain one and same.
CII Ajay Sriram
Crisil Roopa Kudva
Ebay IndiaLatif Nathan. Founder is Pierre Omidyar. In
news because hackers stole user accounts.
FacebookMark Zuckerberg acquired whatsapp for 19
billion.
FICCI
Federation of Indian Chambers of Commerce
and Industry (FICCI).
President Sidharth Birla
FlipkartSachin Bansal, acquired Myntra- online
fashion store.
FliporaOnline search engine by Jonathan Siddharth
and Vijay Krishnan.
Forbes
Richest
Bill Gates-1 ; Karlos slim- 2 ; Mukesh Ambani
40.
Now Bill Gates=Worlds first trillionaire.
FTIL, MCX- Their promoter Jignesh Shah arrested for
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SX NSEL scam
General
motorsfirst woman CEO Mary Barra
Google
CEO Eric Schmidt. Founders Larry page and
Sergei Brin.
bought Titan Aerospace (Solar powered
drones. will help providing internet connectivy
to distant parts of the world)
ICAI K Raghu
Infosys CEO SD Shibulal soon to reitre.
Infosys CEO SD Shibulal soon to retire.
ING Vysya
Life
Insurance
Boss Kshitij Jain. From now on Exide life
insurance company, after takeover by Exide
industries.
Intel Renne James latest process is Core M
Kamal Bali Volvo India
Kiran
Mazmudar
Shaw
IIM B Board chairperson + BIOCON
Marico Saugata Gupta, MD.
Maruti
SuzukiRC Bhargav
Master
CardAjay Banga
MCX Satyananda Mishra
Merc. Benz
IndiaEberhard Kern.
Micromax CEO Vineet Taneja
MicrosoftCEO Satya Nadela replcaed Steve ballmer.
He is from Hyderabad. Azure cloud service
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NASSCOM R.Chanrashekher, ex-telecom Secretary
National
Stock
Exchange
of India
Chitra Ram Krishna
NeotelVodafone bought this company from Tata
communication.
Pepsi India D Shivakumar
Rajat GuptaEx-director of Goldman Sach, penalized for
insider trading.
Rajat Gupta
Ex-director of Goldman Sach, penalized for
insider tradsing.
Rajeev Suri Nokia CEO
SamsungSamsung Electronics Chairman Lee Kun Hee.
Got warrant in UP.
Samsung
Samsung Electronics Chairman Lee Kun Hee.
He has arrest warrant in Uttar Pradesh!
Samsung s5 In India without 4g.
Samsung
s5But without 4g.
Sunpharma bought ranbaxy from Japans Daaichi Sankyo
Titanic II By Asustralian company Blue Star line.
Titanic II
ship By Asustralian company Blue Star line.
TwitterDick Costolo, went to China to learn new
technology.
Vedanta Tom albanese replaced MS Mehta
Vodafone Martin Pieters.
Walmart
India Krish Iyer
Warren
BuffetBerkshire Hathaway
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whatsapp Jan Koum, Brian Acton. Sold company to
facebook.
For more current affairs, visit Mrunal.org/Current
http://mrunal.org/current