Canara Bank Current Affairs, GK & News
Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME
The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Canara Bank • Emergency Credit Line Guarantee Scheme • Ministry of Finance • MSME sector • Punjab National Bank • State Bank of India
RBI approves Mega Bank Consolidation Plan
The Reserve Bank of India is to implement a merger plan of 10 state-run banks into 4 larger banks from April 1, 2020. The Amalgamation of the banks had been notified by the GoI earlier of March 2020. Amalgamation Plan According to the plan, the United Bank of India and Oriental Bank of Commerce are ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: Allahabad Bank • Bank Mergers • Canara Bank • Punjab National Bank • RBI • Union Bank of India
Cabinet Approval: Mega Consolidation of Public Sector Banks
On March 4, 2020, the Union Cabinet chaired by Narendra Modi had approved mega consolidation of 10 Public Sector Banks. Highlights The mega merger is to come into effect from April 1, 2020. It includes amalgamation of United Bank of India and Oriental Bank of India into Punjab National Bank. Also, amalgamation of Syndicate Bank ..
Month: Current Affairs - March, 2020
Category: India Nation & States Current Affairs
Topics: Bank Merger • cabinet approval • Canara Bank • Indian Bank • Indian Banking System • Non Performing Assets (NPA) • PM Modi • Union Cabinet
MD & CEO of BOI, Canara, and BOB Appointed
As per an order issued on Monday, 20th January 2020 by the Ministry of Personnel, Sanjiv Chadha, who was serving as the Deputy Managing Director in the State Bank of India has been appointed as the Managing Director and Chief Executive Officer of the country’s third-largest lender and public sector bank, Bank of Baroda (BOB). ..
Month: Current Affairs - January, 2020
Topics: Bank of Baroda • BANK OF INDIA • Canara Bank • Dena Bank • Ministry of Personnel • Punjab National Bank • State Bank of India • Vijaya Bank
TN Manoharan heads Committee on Secondary Markets
The 6-member RBI task force, headed by Canara Bank Chairman TN Manoharan, has recommended the setting up a Self-Regulatory Body (SRB) of market participants to finalize details for the secondary market for corporate loans, including the standardization of documents. It has also called for amending regulations of SEBI, IRDA and PFRDA to enable participation of ..
Topics: Bank • Banking • Canara Bank • Economy • Financial services • Non-bank financial institution • Securities and Exchange Board of India