Current Affairs For Bank, IBPS Exams - 09 December, 2013

Current Affairs For Bank, IBPS Exams

Global solar power plant development company, Rays Power Experts has signed agreement for setting up 5 new projects totalling 15 MW of solar power capacity before March 2014 with an estimated investment of $27 million.
The projects are mainly in the in the Delhi and National Capital Region (NCR).
Targeting to complete 150 MW of solar power capacity by the end of this financial year, Rays Power Experts has set its eye to become a leading player of the solar power industry.
The company has successfully accomplished all its committed projects of 29 MW for 11 projects in 2.5 months by end of September 2013. Over Rs. 750 crores have already been invested to get to this great number of 100 MW achieved so far.

In the three-month period between September and November when the Reserve Bank of India announced a special concessional dollar swap window to attract FCNR (B) deposits and foreign currency borrowings through which it raised $34 billion, thereby providing enough stability to rupee, Indian banks have emerged on top in mobilising the deposits.
According to banking sources, HDFC Bank has emerged as the top FCNR (B) deposit mobiliser accounting for over 10 per cent of the total fund raised within the scheme.
The total deposits mobilised by the bank stood at over $3.3 billion. ICICI Bank emerged as the second biggest player and mobilised deposits close to $2 billion under this scheme. Axis Bank and the state-owned State Bank of India have also garnered around $1.5 billion each.
Among the foreign banks Citibank came on top with deposits close to $1.7 billion under the FCNR (B) deposit category and Standard Chartered Bank managed to mobilise over $1 billion.
HDFC Bank feels that its approach to reach out to all types of clients have led it to emerge on top even though their presence is relatively smaller as compared to those of some other banks.

BSE Sensex rose to a record high as stocks of blue chips surged after main opposition party Bharatiya Janata Party (BJP), widely seen by investors as being more business friendly, swept three out of four key Assembly elections held since last month.
ICICI Bank provisionally rose 4.5 per cent, while Larsen & Toubro gained 3.9 per cent.
The benchmark BSE Sensex gained as much as 2.3 per cent to a record high of 21,483.74 points, surpassing its previous peak hit on November 3.
It provisionally rose 1.4 per cent.The NSE Nifty index rose as much as 2.5 per cent to an all-time high of 6,415.25, surpassing its previous peak hit in January 2008. It provisionally closed up 1.7 percent.

Pakistan's pace bowling great Waqar Younis and former Australian wicket-keeper Adam Gilchrist were inducted into cricket's Hall of Fame.
Waqar joins Hanif Mohammad and former team-mates Imran Khan, Javed Miandad and Wasim Akram as the Pakistanis in the exclusive club. Gilchrist will be the 19th Australian male inductee.
Waqar claimed 373 wickets in 87 Tests and 416 wickets in 262 one-day internationals before retiring after the 2003 World Cup. He now works as a television commentator.

IOA’s amended clause clearly states that where charges have been framed by any court in India, in respect of an offence which is of serious nature under Indian Penal Code/ Prevention of Corruption Act in which punishment of imprisonment of more than 2 years is prescribed then the member/office bearer/member of executive council of IOA will resign immediately and if not they will be provisionally suspended and will not be eligible to contest in elections and the case will be referred to IOA Ethics Commission for further guidance.
The House unanimously decided to amend the relevant clause in IOA constitution which would bar charge-framed persons from contesting elections.