Page-11 of Financial services

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 ..

Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017 on cheque bounce cases

On July 23, the Lok Sabha passed the Negotiable Instruments (Amendment) Bill, 2017 that allows a court hearing a cheque bounce case to direct the drawer — the person who wrote the cheque — to pay interim compensation to the ..

ADB approves $352 million amount for lining project of Son canal in Shahabad – Bhojpur region of Bihar

The Asian Development Bank (ADB) has approved Lining Project of Son Canal in Shahbad-Bhojpur region of Bihar, which would benefit the agriculture sector immensely in the region. The estimated cost of this project is USD $503 million out of which ..

Vishwas Patel appointed as new Chairman of Payments Council of India (PCI)

Vishwas Patel, who is Director at Infibeam Avenues, has been appointed as new Chairman of Payments Council of India (PCI), the apex body representing the companies in the payments and settlement system. He succeeded Naveen Surya, who has been elevated ..

Reserve Bank of India (RBI) launches 2018 Financial Literacy Week

On June 4, the Reserve Bank of India (RBI) has launched Financial Literacy Week (FLW-2018) across the country with Customer Protection as its main theme. The event will focus on creating awareness among customers of banks about financial products and ..

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. ..