Category Archives: Banking

B Sriram given additional charge as MD & CEO- IDBI Bank Limited

B Sriram MD

Shri Balasubramanyam Sriram presently MD, State Bank of India (SBI),has been given additional charge as MD & CEO, IDBI Bank Limited, vice Shri Mahesh Kumar Jain, for a temporary period of three months with effect from the date of Shri Jain’s demitting office of MD & CEQ IDBI Bank Limited.

Shri B Sriram MD and Group Executive of National Banking… Read More

Piyush Goyal to meet heads of 13 Public sectors banks

Piyush Goyal

Finance Minister Piyush Goyal will meet heads of 13 public sectors banks in New Delhi to resolve various issues concerning them. This will be the first meeting with the heads of the Public sector banks after their annual financial result for 2017-18.Most of the banks posted loss in the fourth quarter of the last fiscal. These banks are headquartered in the east,… Read More

Indian Bureaucracy | Weekly News Update on PSU News (02.06.2018 to 08.06.2018)

PSU News-Indian BUreaucracy Read More

Former RBI Dy Governor H R Khan appointed Chairman- Bandhan Bank

Harun Rasid Khan RBI

Former RBI Deputy Governor Shri Harun Rasid Khan has been appointed as Non-executive, part time Chairman- Bandhan Bank  board. Shri Khan’s appointment will be for a period of three years with effect from June 5, 2018 .Shri Khan was Deputy Governor of Reserve Bank of India for a five-year term between 2011 and 2016 .

Indian Bureaucracy Dot Com wishes… Read More

Usha Ananthasubramanian appointed Chairman | IBA

sha Ananthasubramanian

Ms. Usha Ananthasubramanian presently  MD and CEO, Allahabad Bank, has been appointed as the first woman Chairman of Indian Banks’ Association (IBA). Ms. Usha was elected IBA Chairman for the year 2017-18 by its Managing Committee .

Ms. Usha Ananthasubramanian has been Managing Director, Chief Executive Officer and Director of Allahabad Bank since … Read More

IBBI notifies Regulations for handling of Grievances and Complaints

Insolvency and Bankruptcy Board of India

The Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017 in the Gazette of India on 7th December, 2017. The Regulations enable a Stakeholder, namely, debtor, creditor, claimant, service provider, resolution applicant or any other person having an interest in an insolvency… Read More

SBI opens bank accounts for prisoners in Bengaluru Central Jail

SBI

In one of its kind financial inclusion plan in Karnataka, the State Bank of India today opened bank accounts for the prisoners in Bengaluru Central Jail. During a ceremony, 900 prisoners were handed over passbooks .

The prison authorities will now deposit the wages of prisoners directly in these bank accounts. This will avoid human intervention and encourage… Read More

SBI revamped digital offering gets all group products & services on one app

SBI

The State Bank will launch a comprehensive digital platform with a view to providing all its services as well as its subsidiaries with just one app. Finance Minister Arun Jaitley will launch the platform in New Delhi today. The proposed digital service platform ‘You Only Need One’, Yono will offer everything related to financial services and … Read More

No Proposal under consideration to withdraw Bank Chequebook facility

No Proposal under consideration to withdraw Bank Chequebook facility

In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility.

In this regard, it is emphasized that… Read More

Issue of recapitalisation Bonds and Reducing Government Stake in PSBs being Explored for Bank Recapitalisation

Reducing Government

The government is taking bold initiatives to facilitate a shift to a rule -bound and trust based system of economic management in the country from a rent-seeking and patronage based society prevailing at present. The recent reform measures such as demonetisation, introduction of GST, bankruptcy law, and RERA, among others, should be seen in this context,Read More

Rajnish Kumar appointed Chairman | State Bank of India

Shri Rajnish Kumar presently Managing Director, State Bank of India has been appointed Chairman State Bank of India for a period of 3 years taking charge on or after 07.10.2017 vice Smt. Arundhati Bhattacharya.

Mr. Rajnish Kumar has been the Managing Director of State Bank of India since May 26, 2015 and serves as its Group Executive of National Banking Group.… Read More