Page-50 of Banking Current Affairs

Government splits Chairman & MD post in PSU banks and names chiefs for 4 PSU banks

January 1, 2015

Government has decided to separate the post of Chairman and Managing Director (MD) and Chief Executive Officer (CEO) in public sector banks. With this decision government is breaking the tradition of having the heads of state-run banks act as both ..

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Government meets target of opening 10-crore accounts under PM Jan Dhan Yojana

December 29, 2014

Government has met its target of opening 10 crore bank accounts under its flagship scheme of Pradhan Mantri Jan Dhan Yojana (PMJDY). This target was met a month before its revised deadline of 26 January 2015. Key facts As of ..

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Nachiket Mor Committee recommendations

January 17, 2014

The “Committee on Comprehensive Financial Services for Small Businesses and Low Income Households” was set up by the RBI in Sep 2013 under the chairmanship of Nachiket Mor, an RBI board member. RBI released the voluminous and detailed Report of ..

ICICI Bank to launch net banking services via ‘Facebook’

September 8, 2012

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 presence and facilitate non-cash transactions i.e. requests for cheque books, account statement ..

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

August 12, 2012

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 and business houses. Banks would be able to gauge the potential of ..

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RBI cuts SLR, releases Rs 60,000 crore

August 6, 2012

RBI slashed the Statutory Liquidity Ratio (SLR) by 1 percentage point from 24 % to 23 % which is expected to provide liquidity of around Rs 60, 000 crore. It kept the major indicative policy rates unchanged while it slashed ..

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Banking sector growth contingent on Innovative delivery model: PwC

July 2, 2012

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 banking sector in the near future · The concerns over data security ..

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Regulators in Europe, US and Asia investigating financial institutions

June 28, 2012

Regulators in the United States, Europe and Asia are scanning a number of key financial institutions for manipulating Inter-Bank Lending rates. In this context, Barclays Bank was fined $ 452 million which is the first company to admit such fault. ..

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K C Chakrabarty re-appointed as RBI Deputy Governor

June 19, 2012

The Government of India today re-appointed Dr. K C Chakrabarty as the Deputy Governor of the Reserve Bank of India for a further period of three months beyond June 14, 2012 or until further orders, whichever is earlier. Dr. K ..

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

June 5, 2012

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 fresh version of the program. Key IT companies such as Infosys, TCS ..

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