SBI launches digital touch banking branches

i. State Bank of India has launched six digital branches across the nation, as part of its programme to offer next
generation banking solutions to the mobile and internet-savvy customer base.
ii. These branches are located in Mumbai, Bangalore,Chennai and Ahmedabad, besides Delhi. One of such
branches in Delhi was inaugurated this morning by Finance Minister Arun Jaitley.
iii. Named as sbiINTOUCH, these branches will have digital banking capabilities, which include instant account
opening with personalised debit cards, instant loan approvals for education, car and home and remote expert
advisors available via video links. The new branches are equipped with interactive wall and table displays and
multi-function kiosks.
iv. "Today, more than half of India's population is under the age of 25. By 2020, India's average age will be 29 years
this is a digital demographic, one that expects businesses to provide solutions immediately. At the same time,
the mass afflunet no matter what their age have similar espectations. Indian banks need to provide a strong
response to these new demands," Chairman of SBI Arundhati Bhattacharya said here.

Digital biz strategy: i. The bank has engaged Accenture to develop the digital business strategy for its programme.
ii. Accenture is a global management consulting, technology services and outsourcing company, with more than
293,000 people serving clients in more than 120 countries.
iii. Accenture helped SBI in designing the branch layouts, implementing the digital processes and technology at
the branches, and providing back-end integration, including employee training.

'Touch' branches
i. Customers can open a SBI savings account by visiting the new 'Touch' branches launched by the bank.
ii. The new branches will be located in malls and will be primarily aimed at youth, who look for digital banking.

2. IDBI Bank launches mobile banking service

i. IDBI Bank on Tuesday introduced mobile banking service for its customers. This facility enables the customer to
meet all banking needs such as fund transfer, bill payments, visa money transfer, DTH/ mobile recharge and
much more from any destination.
ii. To commemorate 50 years of its journey in the Indian financial sector, the public sector banks Chairman &
Managing Director M.S. Raghavan also opened 50 new branches pan-India through e-inauguration.
iii. With the opening of these new branches, IDBI Bank now has 1,467 branches, and 2,535 ATMs spread across
1,046 geographical locations of the country.



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3. India announced new liberal visa policy for Afghanistan nationals
i. India announced a new liberal visa policy for nationals of Afghanistsan on humanitarian grounds. The Policy was
released by Union Home Ministry and will be effective from 1 July 2014.
ii. The new policy allows nationals of Afghanistan to stay in India on stay visa or resident permit for a period of two
years at a time. Besides, Afghanistan nationals below 12 years or above 65 years are also granted exemption from
police reporting.
iii. The policy has also the liberal provisions in relation to exemption from the requirement of police reporting to
various categories including Afghan students, medical patients, short-term visitors, businessmen, scholars and
eminent persons.

4. US named a mountain in Antarctica after an Indian-American scientist, Akhouri Sinha
i. The United States on 30 June 2014 named a mountain in Antarctica as Mt. Sinha to honour an eminent
Indian-American scientist, Akhouri Sinha.
ii. The mountain was named in recognition of Sinhas work done as an explorer in 1971-72. Sinhas pioneering
biological research expedition has provided critical data about animal populations in Antarctica.
iii. Mt Sinha is a mountain of 990 meter at the southeast extremity of Erickson Bluffs in the south part of McDonalds
Heights. It overlooks lower Kirkpatrick Glacier from the north in Marie Byrd Land.
iv. The mountain was named by Advisory Committee on Antarctic Names (US-ACAN) and the US Geological
Survey. Akhouri was recognised by the US Geological Survey.

5. Twitter buys mobile ad-tech startup TapCommerce
i. Twitter is fattening its mobile ad portfolio by agreeing to acquire TapCommerce, a company that specialises in
targeting app consumers, the latter has said.
ii. Based in New York, San Francisco and London, TapCommerce specialises in targeting consumers who have
downloaded an app and trying to entice them to come back to it. The firm says it is present on 50,000 apps.
iii. The TapCommerce platform is already deeply integrated with MoPub, Twitters mobile-focused RTB ad
exchange. We look forward to growing our role as an integral part of the Twitter Publisher Network, TapCommerce
co-founder Brian Long wrote on the firms blog.
iv. Since the start of the year Twitter has been on a shopping spree, buying in particular companies that measure
TV audiences or the impact of TV programs or ads on social media, including Gnip or SnappyTV in the US,
Mesagraph of France and SecondSync in Britain.




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6. Former Haitian President Leslie Manigat died at 83
i. Former Haitian president Leslie Francois Manigat on 27 June 2014 died at the age of 83. He was elected as the
President of Haiti in January 1988 but was overthrown by General Henri Namphy in June 1988.
ii. He led the centre-left Assembly of Progressive National Democrats party (RNDP) that was founded in the late
1970s.





7. Sri Lanka and Seychelles signed six agreements
i. Sri Lanka and Seychelles signed 6 agreements of bilateral importance. The agreements were signed during the
visit of Sri Lankan President to Seychelles.
ii. The six agreements were signed between Sri Lankan President Mahinda Rajapaksa and President of
Seychelles, James Michael in the capital, Victoria.
iii. As per the agreement a Joint Commission on cooperation will be established that will guide the entire bilateral
cooperation mechanism including identifying areas of bilateral cooperation, arriving at agreements,
implementation, identifying issues and finding solutions.
iv. Rajapaksa who is on a 3-day working visit to the Indian Ocean island state also declared open Sri Lankan
Embassy in Seychelles.
v. Seychelles is an archipelago of 155-island in the Indian Ocean.

8. RIP Orkut! Google to shut down website on Sept 30
i. Orkut, Googles first social networking site, will cease to exist after September with the Internet giant deciding to
shut down the service launched 10 years ago.
ii. Google said it will shut down Orkut, which is very popular in India and Brazil, on September 30. The service,
however, did not do so well in other parts of the world and lost sheen to rivals like Facebook.
iii. Orkut, which popularised posts or scraps between friends, did not disclose the number of users on the
website.
iv. However, according to its website about 50.6 per cent of its users were from Brazil. Another 20.44 per cent came
from India, while the US and Pakistan accounted for 17.78 per cent and 0.86 per cent, respectively.
v. Orkut was launched in 2004, the same year when Facebook was founded. Facebook is now the worlds largest
social network with 1.28 billion users.
Orkut was the result of a 20 per cent project in which Google workers got to spend a fifth of their time on ideas not
necessarily related to their job responsibilities.
vi. In 2010, Facebook overtook Orkut as the top social networking site in India with 20.9 million visitors in July that
year compared to Orkuts 16 per cent growth with 19.9 million visitors, according to research firm comScore.




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9. New Zealand's Lou Vincent Gets Life Ban for Match-Fixing

i. The punishment, which is expected to be formally announced by the England and Wales Cricket Board later
Tuesday, stems from one-day matches that Lou Vincent admitted he helped rig in English county cricket in 2011.
ii. Disgraced former New Zealand batsman Lou Vincent said on Tuesday he had received a life ban from cricket for
match-fixing.
iii. "My name is Lou Vincent and I am a cheat. I have abused my position as a professional sportsman on a
number of occasions by choosing to accept money through fixing," he said in a statement confirming the ban.
iv. The 35-year-old has also given evidence to International Cricket Council anti-corruption investigators in which
he says he was involved in fixing in five countries between 2008 and 2012.
v. Vincent said he had shamed his homeland and the game, prompting him to come clean to try to ease his
conscience.
vi. "Speaking out. Exposing the truth. Laying bare the things I have done wrong is the only way I can find to begin to
put things right," he said.
vii. Vincent played in 23 Tests and 102 one-dayers for New Zealand before retiring from international cricket in
2007.


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