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[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;

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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