Banks in India: GK, General Studies and Current Affairs

SBI to waive penalty for non-maintenance of AMB for all savings accounts

The Largest lender of India, State Bank of India (SBI) recently announced that the penalty charges for non-maintenance of average monthly balance (AMB) for all its savings bank accounts are to be waived. At present, ..

Chalasani Venkat Nageswar appointed as Deputy managing director and CFO of SBI

State Bank of India recently announced that Chalasani Venkat Nageswar has been given additional charge of Deputy managing director and Chief financial officer (CFO) of the bank. He is presently serving as the Deputy Managing ..

RBI unveils Yes Bank revival scheme

The Reserve Bank of India recently unveiled a draft scheme of revival Yes Bank, which has been put under the control of RBI. RBI also announced that State Bank of India is to make investment ..

Government approves merger of 10 PSBs into four

The government approved a scheme for the amalgamation of 10 state-owned banks into four, in the month of March 2020 and announced that the integration will be made effective from April 1, 2020. After this ..