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Category Archives: Banking

A Manimekhalai appointed Canara Bank ED

Manimekhalai A

Ms. Manimekhalai A presently General Manager (GM), Vijaya Bank, Regional Office, Bengaluru (North) has been appointed as Executive Director (ED) in Canara Bank, initially for a period of three years.

Indian Bureaucracy Dot Com wishes Ms. Manimekhalai A  the very best.… Read More

Income-Tax Ombudsman & Indirect Tax Ombudsman to be abolished

 Income Tax Department

The Union Cabinet chaired by Prime Minister  Narendra Modi has approved the proposal for Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman.

The approval comes in the wake of alternative complaint redressal mechanisms chosen by public and the institution of Ombudsman could not prove to be more effective than regular existing … Read More

PNB Q3 FY19 Results | Posts profit at 247 Cr

PNB

State-owned lender Punjab National Bank (PNB) bounced backed  for the 1st in the last three quarters with a net profit of Rs 247 crore for the third quarter ending December 2018. According to PNB officials ,  net profit during the quarter under review rose by 7.1 per cent to Rs 247 crore over the Rs 230 crore profit after tax (PAT) reported for the corresponding… Read More

Finance Minister lauds the unprecedented growth of the India Post Payments Bank

Finance Minister

Union Minister of Railways, Coal, Finance and Corporate Affairs Shri Piyush Goyal has congratulated the Department of Posts and India Post Payments Bank  (IPPB) for their tremendous efforts in spreading the activities of the bank.  Speaking at a special function organized to mark completion of two years of IPPB since its pilot launch, in New Delhi today,… Read More

15th Finance Commission meets Tripura Government

15th Finance Commission

The 15th Finance Commission headed by Sri N K Singh, had detailed discussions with the State Government of Tripura headed by the Chief Minister Shri Biplab Kumar Deb.

The State Government made a strong pitch for increased devolution for setting up of better infrastructure specially in the health, IT, Power, Education, Tourism, Disaster mitigation and other… Read More

New Pension Scheme | Premature Withdrawal

New Pension Scheme

Shri Shiv Pratap Shukla, Minister of State for Finance informed that Government has allowed premature withdrawal from New Pension Scheme Fund. A subscriber is eligible for three partial withdrawals during the period of subscription under National Pension System (NPS), each withdrawal not exceeding twenty-five percent of the contributions made by the… Read More

15th Finance Commission to visit Odisha | 8th to 11th january, 2019

Nand Kishore SinghNand Kishore Singh

Indian Bureaucracy News: The Fifteenth Finance Commission led by its Chairman, Shri N K Singh will visit the State of Odisha from 8 to 11 January, 2019.  The Chairman and Members will hold detailed meetings with the State Governments led by the Chief Minister Shri Naveen Patnaik during  which the Commission will hold discussions on the State’s finances… Read More

DIPP Clarification regarding E-commerce FDI

Department of Industrial Policy and Promotion

Indian Bureaucracy News: FDI policy on e-commerce, first pronounced through Press Note 2 of 2000, permitted 100% FDI in B2B e-commerce activities. With a view to clarify the already existing policy framework, after extensive stakeholder consultations, Press Note 3 was issued by DIPP in 2016. B2C e-commerce, that is multi-brand retail through inventory

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Balakrishna Aise S appointed ED- Oriental Bank of Commerce

Balakrishna Aise S

Shri Balakrishna Aise S presently GM, Corporation Bank , has been appointed (on merit-cum-preference basis) as  Executive Director, Oriental Bank of Commerce for the period from the date of his taking over charge of the post up to 30.04.2020.

Indian Bureaucracy Dot Com wishes Shri Balakrishna Aise S the very best.… Read More

P V Bharathi appointed MD & CEO- Corporation Bank

P V Bharathi Corporation Bank

Ms. P V Bharathi presently Executive Director (ED), Canara Bank, has been appointed as Managing Director and Chief Executive Officer (MD & CEO) in Corporation Bank with effect from the date of assumption of office on or after 01.02.2019.

Ms Bharathi had been Executive Director of Canara Bank Limited since Sept 2016 and serves as the firms’s General… Read More

K Ramachandran appointed ED- Allahabad Bank

K Ramachandran Allahabad Bank

Shri K Ramachandran presently General Manager (GM), Corporation Bank has been appointed as Executive Director (ED) in Allahabad Bank with effect from the date of assumption of office and up to the date of his superannuation (30.06.2021).

Indian Bureaucracy Dot Com wishes Shri K Ramachandran the very best.… Read More