BANK OF INDIA Current Affairs, GK & News
As per an order issued on Monday, 20th January 2020 by the Ministry of Personnel, Sanjiv Chadha, who was serving as the Deputy Managing Director in the State Bank of India has been appointed as the Managing Director and Chief Executive Officer of the country’s third-largest lender and public sector bank, Bank of Baroda (BOB). ..
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Capital Infusion • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Public Sector Banks • UCO Bank • United Bank of India
The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt corrective action (PCA) framework. This will aid in making marked improvements in the capital positions ..
Topics: BANK OF INDIA • Bank of Maharashtra • Capital to risk-weighted assets ratio • Non Performing Assets • NPA • ORIENTAL BANK OF COMMERCE • PCA • Prompt Corrective Action • RBI • Reserve Bank of India
It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate ..
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Parliamentary Committee on Finance • Prompt Corrective Action • RBI • relaxation of PCA framework • UCO Bank • United Bank of India
Arundhati Bhattacharya, former chairman of State Bank of India (SBI) has been appointed as SWIFT India Chairman. She will succeed former banker M V Nair. SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Topics: Arundhati Bhattacharya • BANK OF INDIA • Banking in India • Bhattacharyya • BSE SENSEX • CNX Nifty • Economy of India • Financial markets • Mavila Vishwanathan Nair • Public Sector Banks in India • Society for Worldwide Interbank Financial Telecommunication • State Bank of India