Indian Bank Current Affairs, GK & News

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: 

Category: 

Topics: 

Public Sector Banks in India

Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..

Topics: 

Indian Bank launches IndPay mobile app service

State-owned financial services lender Indian Bank has launched IndPay mobile app service to enables its customers to operate bank accounts anytime from anywhere. It was formally unveiled by the Indian Bank MD and CEO M K Jain Key features of IndPay app Aims at helping bank’s customers to access their bank accounts from any corner ..

Month: 

Topics: 

Arundhati Bhattacharya is the new managing director of SBI

The Govt. has appointment Arundhati Bhattacharya has been appointed as the new managing director of the State Bank of India (SBI). Previously, Bhattacharya was the managing director of SBI Capital, the merchant banking arm of the bank. Who is SBI’s first woman MD (Managing Director)? Ms Arundhati Bhattacharya will be State Bank of India’s first woman managing director. ..

Month: 

Topics: 

Rajeev Rishi appointed as Chairman and MD of Central Bank of India

The Central Government has appointed Rajeev Rishi, Executive Director, Indian Bank has been appointed as the Chairman and Managing Director, Central Bank of India. He will have a tenure of five years from the date of taking over charge. Prior to his appointment as Chairman & Managing Director of Central Bank of India Shri Rishi was the Executive Director of  Indian ..

Month: 

Topics: