Page-2 of BANK OF INDIA Current Affairs, GK & News

Arundhati Bhattacharya appointed as new SWIFT India Chairman

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).


Sunil Mehta elected as new chairman of Indian Banks Association

Sunil Mehta, the MD &chief executive of Punjab National Bank (PNB), has been elected as the new chairman of the Indian Banks Association (IBA) for 2018-19. Apart from him, Dinabandhu Mohapatra, MD & CEO of Bank of India (BoI), has been elected as IBA’s Deputy Chairman. The IBA is a representative body of management of ..


Hindustan Aeronautics Limited becomes first Public Sector Unit (PSU) to make a transaction on “TReDS platform”

The Hindustan Aeronautics Limited (HAL) has become the first Public Sector Unit (PSU) to make a transaction on the “TReDS platform”. The transaction was financed by Bank of Baroda (BoB) and since stands settled. The TReDS platform is an online electronic institutional mechanism for facilitating the financing of trade receivables of Micro, Small and Medium ..


Usha Ananthasubramanian becomes first woman chairman of Indian Banks’ Association

Usha Ananthasubramanian, MD and CEO of Allahabad Bank, has been elected the first woman chairman of Indian Banks’ Association (IBA) for the year 2017-18. She succeeded Jatinder Bir Singh. Rajnish Kumar, Chairman of State Bank of India, was elected Deputy Chairman of IBA for the year 2017-18. IBA is the banking sector’s industry body, whose ..


RBI brings Bank of India under Prompt Corrective Action

The Reserve Bank of India (RBI) recently had initiated prompt corrective action (PCA) measures against Bank of India (BoI) in the view of its high non-performing assets (NPAs) and insufficient capital. The RBI placed BOI under PCA consequent to the onsite inspection under the risk-based supervision model carried out for year ended March 2017. This ..