Category Archives: Banking

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

David Rasquinha appointed MD | EXIM Bank

David Rasquinha

Shri David Rasquinha  presently Deputy Managing Director , EXIM Bank  has been appointed as MD (Managing Director ) EXIM Bank for a period of three years.

He headed the Overseas Lines of Credit and Structured Trade Finance Groups of the Exim Bank. David joined Exim Bank in 1985 and since then has had a wide ranging exposure to the broad field of export credit,… Read More

August 22 | Bank Unions call for pan India strike

All India Bank Employees Association

Bank employee unions have called for a nation-wide strike on August 22 to protest against privatisation and merger of public sector banks, among other demands, a union leader said .The All India Bank Employees Association (AIBEA), which represents nine bank unions and employees of public and private sector banks, has called for a nation-wide strike on August… Read More

Arvind Panagariya to return to Academics | Resigns from Niti Aayog


Indian-American economist and Niti Aayog Vice-Chairman Arvind Panagariya resigned on Tuesday from his post. Panagariya, however, said he would leave the Government think-tank on August 31 and return to academic circles at Columbia University.

Panagariya’s exit move comes at a time when the Narendra Modi-led Government at the Centre is in the middle … Read More

Yes Bank, Cashkaro to launch first card linked offers program

Private sector bank Yes Bank announced its tie-up with Cashkaro to launch India’s first Card Linked Offers (CLO) cash-back proposition.The new launch is an innovative customer loyalty platform that provides online and offline shoppers with personalized merchant deals on which shoppers can avail cash-back offers, Yes Bank along with CashKaro will… Read More

Sunil Mehta appointed MD & CEO- Punjab National Bank

Shri Sunil Mehta has been appointed as Managing Director and CEO of Punjab National Bank.   Prior to this, Shri Mehta had been Executive Director of Corporation Bank since January 22, 2016. Mr. Mehta also served as General Manager of Allahabad Bank.

Shri Mehta is a Post Graduate in Agriculture and also MBA in Finance, a Certified Associate of Indian Institute… Read More

ICICI Bank launches Eazypay mobile app

Private sector lender ICICI Bank said it has launched mobile app ‘Eazypay’ that enables merchants, retailers and professionals to accept instant cashless payments on mobile phones from their customers through multiple digital modes.

A first-of-its kind application, Eazypay offers customers the improved convenience of paying by using … Read More

Girish Shankar gets addl charge as Secy- Commerce Ministry

Shri Girish Shankar IAS (Bihar 1982),presently posted as Secretary, DHI has been given  additional charge of Secretary, Department of Commerce. wishes Shri Girish Shankar  the very best.… Read More

Nai Roshni Scheme

Nai - Roshni

NITI Aayog has conducted an evaluation study on Nai Roshni, the scheme for Leadership Development of Minority Women, in 2015-16 and prepared a report in June, 2016. The main objective of the study was to assess the impact of the scheme on minority women and to identify policy/ programme impediments in implementation of the scheme. The study covered 15 Districts,… Read More

Aadhaar mandatory for pensioners


The Central government made Aadhaar mandatory for central government pensioners, Accordingly, it has launched a massive exercise to encourage them to seed their bank accounts with Aadhaar numbers.

The Aadhar card will be mandatoryl for availing central government pensions.
The Aadhar card is mandatory for availing central government pensions.

Every… Read More

Prime Minister’s address to the Nation

My Dear Citizens,

I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic situation in May 2014 when you entrusted us with an onerous responsibility. In the context of BRICS, it was being … Read More