RRBs can launch branches in Tier-II cities without RBI permission

The RBI has allowed Regional Rural Banks (RRBs) to open branches in Tier-II cities without asking for permit.  As per a notification by RBI, RRBs would be allowed to launch branches in Tier-II cities with a population of 50,000 to ..

Month: Current Affairs - August, 2012

Ravneet Gill will be new CEO of Deutsche Bank India

Ravneet Gill appointed as new CEO of the bank’s Deutsche Bank for its Indian operations. Mr. Gill replaced Gunit Chadha, who was elevated as co-chief executive of Asia Pacific along with AlanCloete.

Month: Current Affairs - August, 2012

EPFO offers e-pass book to subscribers

The Employees’ Provident Fund Organisation (EPFO) is offering e-passbook facility to its subscribers. Over 50 million of the subscribers can avail e-passbook along with details of their updated accounts online from now. The active subscribers who wish to access the ..

Month: Current Affairs - July, 2012

Anup Sankar Bhattacharya is the new Director of IBPS

Anup Sankar Bhattacharya has been appointed as the Director of the Institute of Banking Personnel Selection (IBPS). He took the place of M Balachandran.  Mr.Bhattacharya was the part of Advisory Board of Central Vigilance Commission. He was overseeing security issues ..

Month: Current Affairs - July, 2012

Pulinaharani Village in Assam: 2nd in India to have full life insurance coverage

Place in NEWS: Pulinaharani Village Pulinaharani under Narayanpur Revenue Circle in Lakhimpur district, Assam became the 2nd village in India to have full life insurance coverage. The village achieved this accomplishment under the Ministry of Finance’s Financial Inclusion plan which ..

Month: Current Affairs - July, 2012

Banking sector growth contingent on Innovative delivery model: PwC

According to a report by PwC (PricewaterhouseCoopers): · Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of banking sector in the near future · The concerns over data security ..

Month: Current Affairs - July, 2012