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Banking Digest, 12 June 2019

Economy

  • A minimum number of withdrawals in a month that will offer by commercial banks to holders of basic savings bank deposit (BSBD) accounts, as per new directive by the RBI - Four.
  • To blow the whistle on insider trading cases, the SEBI on June 10 proposed an - informant mechanism.
  • Basic Savings Bank Deposit (BSBD) Accounts are popularly known as - 'no-frills' accounts.

International

  • This former President of Pakistan arrested under corruption charges - Asif Ali Zardari.
  • This Gulf country adopted the "National Strategy for Wellbeing 2031" policy - United Arab Emirates (UAE).

National

  • The Central Government has amended ‘All India Services (Death-Cum-Retirement-Benefits) Rules-1958’ to grant three-month extension to - Cabinet Secretary.

Persons in News

  • This Gyanpeeth award recipient passed away on June 10 - Girish Karnad.

Sports

  • This Indian batsman announced his retirement from international cricket in June 2019 - Yuvraj Singh.

General Knowledge

  • Pakistan - Capital: Islamabad; Currency: Pakistani rupee.
  • United Arab Emirates (UAE) - Capital: Abu Dhabi; Currency: UAE dirham.
  • Reserve Bank of India (RBI) – founded in: 1935; Headquarters: Mumbai (Maharashtra).
  • First Indian governor of the Reserve Bank of India - Sir C. D. Deshmukh (1943-1949).
  • Securities and Exchange Board of India (SEBI) – Established in: 1988; Headquarters: Mumbai.

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