Category Archives: Banking
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
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
- IndianOil adjudged as Fastest Growing Maharatna award
- Mining sector can help society prosper | CMD NALCO
- Ceanliness awareness programme at NHPC under Swachhta Pakhwada
- NTPC participates in 7th Power and Energy Africa 2018
- AAI organizes annual conference of top executives
- NLC India passes on benefits of lower tariff to consumers
- AAI celebrated World Environment
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 .
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
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
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
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
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
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
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