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Reserve Bank appointed J&K Bank as Lead Bank Convener for Jammu and Kashmir UT
Reserve Bank appointed J&K Bank as Lead Bank Convener for Jammu and Kashmir UT
The Reserve Bank of India (RBI) has appointed J&K Bank as the Lead Bank Convener (UTLBC) for the Jammu and Kashmir UT. While State Bank of India (SBI) will be the new Lead Bank Convener ....

Published On : 30 Dec 2019

BoB inked MoU with Gujarat government to provide MSME loans
BoB inked MoU with Gujarat government to provide MSME loans
Bank of Baroda (BoB) inked an agreement with the Government of Gujarat to facilitate the flow of credit in the Micro, Small and Medium Enterprises (MSME) Sector. A....

Published On : 24 Dec 2019

Reserve Bank of India to Buy & Sell Govt Bonds worth Rs 10,000 crore
Reserve Bank of India to Buy & Sell Govt Bonds worth Rs 10,000 crore
RBI will simultaneously purchase and sell government securities worth 10,0....

Published On : 21 Dec 2019

V. Viswanathan becomes new Additional Director of Dhanlaxmi Bank
V. Viswanathan becomes new Additional Director of Dhanlaxmi Bank
The appointment committee of Dhanlaxmi Bank has appointed V. Viswanathan as an Additional Director on the Board. Prior to this, He had served as Chief General Manager of State Bank....

Published On : 12 Dec 2019

Masatsugu Asakawa elected as new President of Asian Development Bank
Masatsugu Asakawa elected as new President of Asian Development Bank
The appointment committee of the Asian Development Bank has unanimously elected the Masatsugu Asakawa as its new President. Asakawa is currently a....

Published On : 04 Dec 2019

T. Latha resigns as Chief of Dhanlaxmi Bank
T. Latha resigns as Chief of Dhanlaxmi Bank
The MD & CEO of Dhanlaxmi Bank T. Latha resigned for his post. The Bank’s board has accepted the resignation. Dhanlaxmi Bank Limited is ....

Published On : 02 Nov 2019

ICICI Bank launched India's first FD with free health insurance
ICICI Bank launched India's first FD with free health insurance
ICICI Bank has launched a new Fixed Deposit scheme 'FD Health' that will offer the dual benefit of investment growth via FD and protection through critical ....

Published On : 15 Oct 2019

UCO Bank launched- UCash, Digilocker, and an App
UCO Bank launched- UCash, Digilocker, and an App
The government-owned United Commercial Bank (UCO) launched 3 new Digital Products- UCash, Digilocker, and An App. These products were launched by Sh....

Published On : 05 Oct 2019

SS Mallikarjuna Rao Took Over As New MD & CEO of PNB Bank
SS Mallikarjuna Rao Took Over As New MD & CEO of PNB Bank
Punjab National Bank (PNB) appointed SS Mallikarjuna Rao as its new Managing Director (MD) and Chief Executive Officer (CEO) up to 18th September 2021.....

Published On : 03 Oct 2019

RBS appoints Alison Rose as its new Chief Executive
RBS appoints Alison Rose as its new Chief Executive
The Royal Bank of Scotland (RBS) has appointed Alison Rose (age 49 years) as its new Chief Executive. Alison replaced Ross McEwan, and She ....

Published On : 21 Sep 2019

Karnataka Bank Chairman appointed as IBA Committee member
Karnataka Bank Chairman appointed as IBA Committee member
Karnataka Bank MD & CEO- Mr. Mahabaleshwara M.S. is inducted to the Managing Committee of the Indian Banks’ Association (IBA). Mr. Mahab....

Published On : 14 Sep 2019

PNB Board Approved its Merger with OBC & UBI
PNB Board Approved its Merger with OBC & UBI
The public sector bank- PNB board has decided to give its in-principle approval for amalgamation of Oriental Bank of Commerce (OBC) and United Bank of India....

Published On : 06 Sep 2019

State Bank of India to launch a RuPay credit card
State Bank of India to launch a RuPay credit card
Indian largest public sector bank- SBI will soon launch RuPay credit cards, which will give a boost to the homegrown payment network in the fast-growing seg....

Published On : 02 Sep 2019

Canara Bank launches OTP facility for Cash Withdrawal by ATM
Canara Bank launches OTP facility for Cash Withdrawal by ATM
Bengaluru based public sector bank- Canara Bank has launched the first OTP facility for Cash Withdrawal by ATM. In a tweet, Canara Bank announced ....

Published On : 31 Aug 2019

P. Mukherjee resigns as MD & CEO of Lakshmi Vilas Bank
P. Mukherjee resigns as MD & CEO of Lakshmi Vilas Bank
Parthasarathi Mukherjee (age 59 years) has announced his resignation as Managing Director & Chief Executive Officer of Lakshmi Vilas Bank. Mukherjee had starte....

Published On : 30 Aug 2019

RBI Rupees 1,76,000 Crore Payout to Government
RBI Rupees 1,76,000 Crore Payout to Government
The Reserve Bank of India (RBI) has approved a payout of rupees 1,76,000 crore dividend and surplus reserves to the central government. The record transfer, includ....

Published On : 27 Aug 2019

Jyske Bank launches World's first Negative Interest rate
Jyske Bank launches World's first Negative Interest rate
The third-largest Bank of Denmark- Jyske launched the World’s first negative interest rate for Home loan, the charge is -0.5% a year. The ba....

Published On : 16 Aug 2019

Reserve Bank of India; RBI reduces the Repo Rate by 35 bps
Reserve Bank of India; RBI reduces the Repo Rate by 35 bps
The Central Bank of India- RBI cuts Interest Rate by 25 basis points each for the 4th consecutive time. RBI reduces policy Repo Rate by 35 basis points from 5.75% to 5.40%.....

Published On : 07 Aug 2019

RBI slaps a penalty on 7 Banks for violating norms
RBI slaps a penalty on 7 Banks for violating norms
The Reserve Bank of India (RBI) imposed a penalty on 7 public sector banks for violating norms on Fraud Classification, Bill Discounting, and Monitoring of ....

Published On : 05 Aug 2019

RBI: Entire payment data to be stored only in India
RBI: Entire payment data to be stored only in India
The Reserve Bank of India (RBI) said that entire payment data to be stored in systems located only in India and data processed abroad will have to be brought back to the cou....

Published On : 27 Jun 2019

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