GK & Current Affairs!
i.State Bank of India (SBI) is the latest to get smitten by the Artificial Intelligence and Automation. They have launched their first ever chatbot called SBI Intelligent Assistant or SIA, which would be powered by AI, and designed to assist customers.
ii.After ICICI Bank and HDFC Bank adopted automation in banking, SBI’s move towards AI is seen as a major leap for Indian banking.
iii.This special chatbot has been created & developed by Allincall, which is a startup from Mumbai, and backed by startup cell of IIT Bombay. As per the details available, Allincall has used machine learning, and bot experience to create an AI powered chatbot, which will respond to customer’s query, and provide them solution.
Tirumala Tirupati Devasthanams which is the famous temple of Lord Venkateswara and of the richest Hindu temple in India has deposited 2,780 kg of gold with State Bank of India under long term deposit schemeannounced on 29th Aug 2017.
The gold deposits have been converted into the Long Term Deposit Scheme at a rate of 2.5% per annum for a period of 12 years from the date of investment under the Gold Monetisation Scheme.
The temple receives offerings from devotees in cash, jewellery, gold, silver, property deeds, and Demat share transfers.
The certificate for the gold deposit was handed over by Amaravathi Circle SBI Chief General Manager Mani Palvesan to the TTD Financial Advicer and Chief Accountants Officer Mr. O. Balaji.
During 2017-18, TTD expects to receive Rs 1,110 crore from capital funds (as kanuka), which would be the major source of revenue, from devotees.
Other revenue streams include the Rs 300 special entry darshan, which is expected to fetch a minimum of Rs 256 crore for the financial year,Rs 124 crore from accommodations and Rs 55 crore through Arjitha Seva tickets.
About Tirumala Tirupati:
Tirumala Tirupati Devasthanams, abbreviated as TTD, is an independent trust which manages the Tirumala Venkateswara Temple at Tirumala, Andhra Pradesh.
The trust oversees the operations and finances of the second richest and the most visited religious center in the world. I
It is also involved in various social, religious, literary and educational activities. TTD is headquartered at Tirupati.
TTD was established in 1932 as a result of the TTD Act of 1932.
HDFC Bank announced its Unified Payments Interface (UPI) will also be available on Chillr, a multi-bank mobile payments app. UPI is an instant payment system developed by the National Payments Corporation of India (NPCI) to enable faster money transfer between any two parties’ bank accounts.
Unified Payments Interface (UPI) is a payment system launched by National Payments Corporation of India. UPI is an advanced version of Immediate Payment Service (IMPS) designed for transferring funds using a Virtual Payment Address (a unique ID provided by the bank), Account Number with IFS Code, Mobile Number with MMID (Mobile Money Identifier), AadhaarNumber, or a one-time use Virtual ID. An MPIN (Mobile banking Personal Identification number) is given to the banking customer once they register for UPI which is required to be entered to confirm each payment.
Chillr is a multi-bank mobile banking app that lets users send and receive money to/from anyone in their phone book. Chillrdifferentiates from online wallets as all fund transactions are between bank accounts.