Banking , Economic and Financial affairs of December 2016 - Current affairs

 Hello readers, following are the 7 important Financial affairs happened in December month which are of  importance in bank exams and Interviews.

*Yes bank launched SIMePAY, a digital transaction with which any account holder can do money transfers and other mobile banking services without need of Internet or smart phones.

* GDP of Indian economy has grown at 7.3%  in 2^ndquarter of 2016-2017. Previously it was 7.1%  in the 1^st quarter.

* MMTC(Metals and Minerals Trading Corporation) has tied up with  SBI(State Bank of India) to sell government minted 24 karat gold coins which will be available in 5gm,10gm and 20 gm denominations.

*YES Bank of Maharashtra has tied up with OLA cab services to set up Mobile ATM’s across 10 cities in 30 locations in India.

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* Andha Pradesh Government with TATA Trust has launched Swatha Kutumbam, which is a health insurance scheme  in Vijayawada  which became 1^stconstituency to have health insurance for all people from December 1^st, 2016    to November 30, 2017.

* Viola Desmond, a civil rights activist in Canada has been featured on Nation’s $10 Currency Note.

* Stock holders of National Bank of Abu Dhabi and 1^st Gulf gulf Bank approved to merge in to the biggest of all  Gulf Countries with an asset of 178$ billion.
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