Current Events September 2015 – BANK

• Union Cabinet allowed 100% FDI in White Label ATM operations -more than 1.82 lakhs ATMs operated in the country by 54 banks. Rs100 cr, Payment and Settlement Systems (PSS) Act 2007, Tata Communications Payment Solutions Limited(Indi Cash), India’s first White Label ATM “Indicash” at Chandrapada in Thane, Maharashtra.
• RBI to issue ` 5 coin on golden jubilee of 1965 Indo-Pak war-Coinage Act 2011
• Bank of Maharashtra Launch of Soil & Water Health Card in Mumbai and Pradhan Mantri Mudra Yojana (PMMY) in Delhi Zone – Mr. R.K.Gupta, Executive Director
• Paytm to launch India’s first payments bank – ` 10,000 crore in deposits
• RBI Names 10 Companies to Set Up Microfinance Banks
1. Au Financiers (India) Limited, Jaipur
2. Capital Local Area Bank Limited, Jalandhar
3. Disha Microfin Private Limited, Ahmedabad
4. Equitas Holdings P Limited, Chennai
5. ESAF Microfinance and Investments Private Limited, Chennai
6. Janalakshmi Financial Services Private Limited, Bengaluru
7. RGVN (North East) Microfinance Limited, Guwahati
8. Suryoday Micro Finance Private Limited, Navi Mumbai
9. Ujjivan Financial Services Private Limited, Bengaluru
10. Utkarsh Micro Finance Private Limited, Varanasi.
• RBI cuts Repo Rate from 7.25 Percent to 6.75 Percent, Reverse Repo Rate – 5.75%, CRR – 4% and SLR – 21.5%.

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