Important Agreements & MOU's July 2015 Pdf - Important For IBPS Exams - Banking Material

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Important Agreements & MOU's July 2015 Pdf -

1. Axis Bank signs $200-million loan agreement with Asian Development Bank

Axis Bank today signed a USD 200-million, seven-year bilateral loan agreement with the Asian Development Bank.
The loan will help bolster bank's efforts to improve farm efficiency by extending customised and affordable agriculture credit, that will help leverage its semi-urban and rural branch network to deliver agriculture credit

2. CSC(Computer Science Corporation) and HCL(Hindustan Computer Limited) Form Joint Venture

IT companies CSC and HCL Technologies have signed an agreement to form a banking software and services company to provide technology services and solutions to the banking industry.
The joint venture will invest in platform modernisation and product functionality enhancement and will capitalise on the proven capabilities of both companies in addressing the multi-billion-dollar, global core banking software market

3. MCX, CME Group sign MoU on various cooperation activities

Multi Commodity Exchange of India Limited (MCX), India’s leading commodity exchange, and CME Group, the world’s leading and most diverse derivatives marketplace, today signed a Memorandum of Understanding (MOU) on various cooperation activities and potential business opportunities, including a joint viability study of setting up operations in an International Finance Service Center in India.

4. Government of India and World Bank Sign $250 Million Project for Disaster Recovery in Andhra Pradesh

he Government of India, the Government of Andhra Pradesh and the World Bank today signed a $250 million credit agreement for the Andhra Pradesh Disaster Recovery Project to restore, improve and enhance the resilience of public services and livelihoods of communities affected by cyclone Hudhud in Andhra Pradesh. The Project will also increase the capacity of the state to respond promptly and effectively to an emergency.

5. RBI, Central Bank of Sri Lanka sign currency swap agreement

The Reserve Bank of India today signed a Special Currency Swap Agreement with the Central Bank of Sri Lanka. Under the arrangement, the Central Bank of Sri Lanka can draw upto US$ 1. 1 billion for a maximum period of six months. This special arrangement is in addition to the existing Framework on Currency Swap Arrangement for the SAARC Member Countries.

6. Telangana, Icrisat MoU to help farmers

Telangana government and International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) on 7 July 2015 signed Memorandum of Understanding (MoU) to improve profitability of farmers.
The partnership will help launch innovative digital platforms that aim to revitalise information dissemination in rural areas, provide expert systems for providing real time advisories and ensure better access to market information by small-holder farmers in the state. 

7. TN, Adani Group sign agreement on 200-MW solar plant

Adani Group has proposed to set up a solar park in Tamil Nadu tipped to be among the world's largest at an outlay of Rs 4,536 crore
Adani Group has proposed to set up five solar power generation centres with a total capacity of 648 MW in Ramanathapuram district of Tamil Nadu at an investment of Rs 4,536 crore

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