Page-4 of IDBI Bank Current Affairs, GK & News

Entrepreneurship awareness Udyam Abhilasha campaign launched by SIDBI

On the 149th birth anniversary of Mahatma Gandhi, the Small Industries Development Bank of India (SIDBI) has launched a National Level Entrepreneurship Awareness Campaign – Udyam Abhilasha, in 115 aspirational districts identified by NITI Aayog in 28 States. The purpose of the campaign is to inspire rural youth in aspirational districts to be entrepreneurs by ..

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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 ..

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RBI initiates PCA against Allahabad Bank over its high bad loans

The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute to the overall improvement in risk management, asset quality, profitability, efficiency of the bank. The ..

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IDBI bank launched ‘Project Nishchay’ to improve financial performance

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. As part of the initiative, IDBI bank will focus on four key areas – revenue enhancement, cost control ..

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Mohammad Mustafa appointed as new CMD of Small Industries Development Bank of India (SIDBI)

Mohammad Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, has been appointed as the new Chairman and Managing Director (CMD) of Small Industries Development Bank of India (SIDBI) for a period of 3 years. At present, he is the joint Secretary in Department of Financial Services. SIDBI is an independent financial institution aimed ..

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