Banking in India: GK, General Studies and Current Affairs

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 ..

Sudha Balakrishnan appointed as first-ever Chief Financial Officer (CFO) of RBI

Sudha Balakrishnan, the Vice-President of National Securities Depository Ltd (NSDL), has been appointed the first-ever Chief Financial Officer (CFO) of the Reserve Bank of India (RBI). She will hold the rank of executive director and will have a 3-year term. The CFO will be responsible for reporting of financial information of the central bank, establishing ..