Current Affairs For Bank, IBPS Exams - 12 June, 2014

Current Affairs For Bank, IBPS Exams

IT major Infosys named Vishal Sikka, former executive board member SAP AG, as its first non-founder Chief Executive Officer.
The Vadodara-born, doctorate in computer science from Stanford, will take over from incumbent S.D. Shibulal on August 1.
Mr. Murthy’s office, which was set up last June when he returned from his retirement to “build a desirable Infosys, will be dissolved. Putting an end to speculation over a larger role for his son Rohan Murthy, Infosys announced that his appointment was co-terminus and he will exit the company on June 14.

The Reserve Bank of India, has said that it would soon come out with a payment bank, as recommended by the Nachiket Mor committee.
Before coming out with the payment bank, the RBI will issue guidelines for it.
The central bank was in the process of issuing guidelines on universal commercial banking licences.
The Deputy Governor said the central bank would also issue norms for small banks in the private sector along with mid-sized universal commercial bank.
The RBI also said it was in discussion with the government to revamp inflation-indexed bonds to attract more retail investors.
Inflation indexed bonds were introduced last year by the central bank, but were not well received due to their complex structure.

Senior advocate Mukul Rohatgi was recently appointed as the new Attorney General (AG) and will have a tenure of three years.
The Law Ministry issued a formal notification appointing him as the top law officer of the NDA government.
The government has already appointed Ranjit Kumar as the Solicitor General. Six Additional Solicitors General have also been appointed.
Mr. Rohatgi took over from G.E. Vahanvati as the 14th AG of the country. Mr. Vahanvati had resigned following a change of the government at the Centre.

The El Niño weather phenomenon, which can cause global famines, floods and even wars, has a 90 per cent chance of striking this year, according to the latest forecast released .
El Niño begins as a giant pool of warm water swelling in the eastern tropical Pacific that sets off a chain reaction of weather events around the world, some devastating and some beneficial.
India is expected to be the first to suffer, with weaker monsoon rains, followed by further scorching droughts in Australia and collapsing fisheries off South America. But some regions could benefit, in particular the U.S., where El Niño is seen as the “great wet hope”, bringing rains that could break the searing drought in the west.
The knock-on effects can impact even more widely, from cutting global gold prices to making England’s World Cup footballers sweat a little more.