Page-5 of Topic: Bank

Ujjivan Small Finance Bank receives final license from RBI

Ujjivan Small Finance Bank Ltd, a subsidiary of Ujjivan Financial Services Ltd has received the final licence from Reserve Bank of India (RBI) to commence its banking operations....

November 15, 2016

RBI and RTI: Recent Supreme Court Judgement

On December 16, the Supreme Court of India said that RBI cannot reject the plea asking information regarding private and public banks under the Right to Information (RTI)...

February 16, 2016

Regional Rural Banks

Regional Rural Banks are a unique category of banks set up to combine the local feel of cooperatives with the professionalism of commercial banks. They were established under...

March 10, 2015

Infrastructure Debt Fund will be based on a tripartite deal

The recently approved Infrastructure Debt Fund (IDF) will be based on a tripartite agreement b/w developer, lender (bank) and the IDF. The decision has been taken to infusing...

October 9, 2012

ICICI Bank to launch net banking services via ‘Facebook’

ICICI Bank will launch its services through social website ‘Facebook’ in order to expand its internet banking services. ICICI is among the first banks to start its online...

September 8, 2012

“Risk Index” to facilitate banks in extending loans soon: CIBIL

Credit Information Bureau (India) Ltd (CIBIL) is likely to bring in a “Risk Index” that will assist country’s banks in making faster decisions on extending loans to corporates...

August 12, 2012

RRBs can launch branches in Tier-II cities without RBI permission

The RBI has allowed Regional Rural Banks (RRBs) to open branches in Tier-II cities without asking for permit.  As per a notification by RBI, RRBs would be allowed...

August 8, 2012

Anup Sankar Bhattacharya is the new Director of IBPS

Anup Sankar Bhattacharya has been appointed as the Director of the Institute of Banking Personnel Selection (IBPS). He took the place of M Balachandran.  Mr.Bhattacharya was the part...

July 9, 2012

Banking sector growth contingent on Innovative delivery model: PwC

According to a report by PwC (PricewaterhouseCoopers): · Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of...

July 2, 2012

Farmers to avail loans directly from commercial banks

Farmers in Maharashtra who are yet to obtain loans from cooperative banks can now expect them from commercial banks. The state govt will soon take measures to assist...

June 19, 2012

Banks to Create “Unique Customer Identification Code”

The RBI has asked all banks to generate a Unique Customer Identification Code (UCIC) for each of their customers. Objective: The Unique Identification Code will fortify Know Your...

June 9, 2012

“MCA21 e-Gov plan”- Govt planning an overhaul

Indian Govt is contriving to overhaul its “e-Governance program MCA21” Objective of Overhauling of MCA21: To check corporate frauds. Work has been started by the MCA on the...

June 5, 2012