Banking in India: GK, Current Affairs, Questions, Trivia and News

22 : Wired Technologies & Communication

This is the 22nd video of the 40 part video series on Computer Awareness. This video tries to serve additional content as well as explains the related terms. Previous Videos List: Computer Awareness MCQs: https://www.gktoday.in/quizbase/computer-awareness-for-ibps-banking-examinations

ESAF Small Finance Bank (SFB) getsRBI nod to operate as a scheduled bank

As per 2nd schedule of the RBI Act of 1934, the ESAF Small Finance Bank (SFB) Ltd has got approval from Reserve Bank of India (RBI) to operate as a scheduled bank. This makes ESAF the fifth scheduled bank from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. Being a ..

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).

Union Cabinet approve an MoU between India and Singapore to constitute a Joint Working Group (JWG) on fintech

The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Singapore in June 2018 on the constitution of a Joint Working Group (JWG) on FinTech. As per the pact, both countries will improve their regulatory connect to exchange best practices ..

SBI becomes India’s first PSU bank to introduce comprehensive wealth business services for its clients

The State Bank of India (SBI) has become the India’s first PSU bank to introduce comprehensive wealth business services for its clients. The wealth hub was inaugurated by SBI Chairman Rajnish Kumar at the Lalbagh branch in Mangalore. The bank has re-branded its wealth business as “SBI Wealth” offering best-in-class personalised banking and investment services ..

India Post Payments Bank (IPPB) ties up with FSS to create payments network for unorganized retail

The India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS) to create payments network for unorganized retail. FSS is a payments technology company that enables micro-merchants to accept payments online, or via Unified Payments Interface (UPI), Quick-Response (QR) codes, Aadhaar and IPPB accounts. FSS will also provide merchant management and settlement ..

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 ..

M.K Jain appointed as new Deputy Governor of RBI

Mahesh Kumar Jain, who is currently MD & CEO of IDBI Bank, has been appointed as the fourth deputy governor Deputy Governor of the Reserve Bank of India for a period of three years. The post was lying vacant since the retirement of S.S. Mundra in August 2017. With more than 30 years of experience ..