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RBI Governor Launches CMS For filing Online Grievance Against Banks
RBI Governor Launches CMS For filing Online Grievance Against Banks
RBI Governor Shaktikanta Das (age 62 years) has launched the Complaint Management System (CMS) for filing an online grievance against Banks and NBFC....

Published On : 25 Jun 2019

IndusInd Bank-BFIL merger together from 4th July
IndusInd Bank-BFIL merger together from 4th July
Mumbai based IndusInd Bank and Bharat Financial Inclusion Limited (BFIL) said their merger will be effective from 4th July 2019. The National Comp....

Published On : 20 Jun 2019

Reserve Bank Of India imposes Rs 2,00,00,000 penalty on Kotak Mahindra Bank
Reserve Bank Of India imposes Rs 2,00,00,000 penalty on Kotak Mahindra Bank
The Reserve Bank of India (RBI) has imposed a Rs 2,00,00,000 penalty on Kotak Mahindra Bank for the non-state lender’s failure to adhere to the regulator’s diktat on promoter sha....

Published On : 11 Jun 2019

J&K Bank appoints R.K Chibber as its new Interim CMD
J&K Bank appoints R.K Chibber as its new Interim CMD
RBI approved the appointment of R.K Chhibber as new Interim Chairman cum Managing Director of Jammu and Kashmir (J&K) Bank. The Government of J&K has removed Parvez Ahmad f....

Published On : 11 Jun 2019

RBI extends RTGS timings for Customer Transactions from 04:30 to 6:00 pm
RBI extends RTGS timings for Customer Transactions from 04:30 to 6:00 pm
In a notification, Reserve Bank of India (RBI) decided to extend the timings for customer tr....

Published On : 30 May 2019

Corporation Bank launches ‘Corp SME Suvidha’ for GST registered MSMEs
Corporation Bank launches ‘Corp SME Suvidha’ for GST registered MSMEs
Corporation Bank has launched ‘Corp SME Suvidha’ scheme to provide loans to the GST-registered MSMEs. The product has been designed as....

Published On : 25 May 2019

ICICI Buy 9.9% stake in BSE subsidiary INX for Rupees 31 crore
ICICI Buy 9.9% stake in BSE subsidiary INX for Rupees 31 crore
Mumbai based ICICI Bank Limited plans to buy 9.9% stake in BSE subsidiary India International Exchange (INX) for Rupees 31 crore. India Internatio....

Published On : 24 May 2019

Karnataka Bank releases new Savings Product "KBL SB Salary" for Salaried Class
Karnataka Bank releases new Savings Product
a) Mangaluru based Karnataka Bank Limited released a new Savings Bank Product called "KBL SB Salary" for the salaried class, with 3-variants of Ex....

Published On : 23 May 2019

ICICI Bank Launches Co-branded Multicurrency Travel Card With Gibibo
ICICI Bank Launches Co-branded Multicurrency Travel Card With Gibibo
Industrial Credit and Investment Corporation of India, ICICI Bank announced to launch a co-branded multicurrency travel card....

Published On : 15 May 2019

Bandhan Bank received CCI approval to merge with Gruh Finance
Bandhan Bank received CCI approval to merge with Gruh Finance
The Bandhan Bank has received approval from the Competition Commission of India (CCI) to merge with Gruh Finance. The approval has been made under sub-section (1) of Section 31 of ....

Published On : 19 Apr 2019

Reserve Bank puts into circulation Rs 50 banknotes signed by Governor Shaktikanta Das
Reserve Bank puts into circulation Rs 50 banknotes signed by Governor Shaktikanta Das
The Reserve Bank of India (RBI) has put into circulation Rs 50 denomination banknotes signed by its Governor Shaktikanta Das. The RBI in Mumbai yesterday said the design of these n....

Published On : 17 Apr 2019

Govt retains interest rate for GPF at 8% for April-June quarter
Govt retains interest rate for GPF at 8% for April-June quarter
10-11th April 2019. The govt has retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund (PF) and other related schemes at 8% for the April-....

Published On : 11 Apr 2019

Reserve Bank put rupees 1,00,000 penalty on Lucknow-based co-op bank
Reserve Bank put rupees 1,00,000 penalty on Lucknow-based co-op bank
10-11th April 2019. The Reserve Bank of India (RBI) put a monetary penalty of rupees 1,00,000 on Lucknow-based U.P. Postal Primary Co-operative Bank, for violation of RBI In....

Published On : 11 Apr 2019

SBI cuts interest rate by 10 bps on home loans up to Rs 30,00,000
SBI cuts interest rate by 10 bps on home loans up to Rs 30,00,000
9th April 2019. The State Bank of India (SBI) has re-priced home loans up to Rupees 30,00,000 by 10 basis points (bps). Accordingly, the interest rate on housing l....

Published On : 09 Apr 2019

RBI released new guidelines for banks to set up currency chests
RBI released new guidelines for banks to set up currency chests
9th April 2019. In Banking & Finance Sector, RBI has released the new guidelines for banks to set up currency chests, which include a minimum area of 1,500 square feet f....

Published On : 09 Apr 2019

Lakshmi Vilas Bank merger with India Bulls
Lakshmi Vilas Bank merger with India Bulls
Current Affairs 7-8th April 2019. The Chennai-based Lakshmi Vilas Bank has approved a merger with India Bulls Housing Finance. Ind....

Published On : 08 Apr 2019

Kotak Mahindra Bank appointed KVS Manian, Gaurang Shah as board of directors for 3-years
Kotak Mahindra Bank appointed KVS Manian, Gaurang Shah as board of directors for 3-years
Current Affairs 18th March 2019. Kotak Mahindra Bank has been appointed KVS Manian, Gaurang Shah as a board of directors for 3-years term effective from the....

Published On : 18 Mar 2019

J&K Bank to sell stake in PNB Metlife for Rupees 185 crore
J&K Bank to sell stake in PNB Metlife for Rupees 185 crore
Current Affairs 18th March 2019. J&K Bank on 17 March said it proposes to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund-I....

Published On : 18 Mar 2019

UBI and HDFC Life sings Bancassurance deal to serve it's large Customer base
UBI and HDFC Life sings Bancassurance deal to serve it's large Customer base
Current Affairs 7th March 2018. United Bank of India (UBI) has signed a Bancassurance deal with HDFC Life Insurance Company to serve it's a....

Published On : 07 Mar 2019

RBI & Bank of Japan inked Bilateral Swap Arrangement
RBI & Bank of Japan inked Bilateral Swap Arrangement
Reserve Bank of India and Bank of Japan have signed a Bilateral Swap Arrangement (BSA). It may be recalled that the BSA was negotiated betw....

Published On : 01 Mar 2019

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