Indian Banks' Association Current Affairs, GK & News

Padmakumar M Nair named CEO of proposed bad bank

Padmakumar Madhavan Nair of State Bank of India has been appointed as the CEO of Bad Bank. The Bad Bank is a proposed entity of the National Asset Reconstruction Company (NARC). About Padmakumar Nair Current Mr Nair is serving as the Chief General Manager in charge of Stressed Assets of SBI. He has been holding ..

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Sunil Mehta appointed as the Chief Executive of IBA

As per the recent announcement from the Indian Bank’s Association (IBA) made on Monday, 27th January 2020, Former Managing Director and CEO of Punjab National Bank, Sunil Mehta has taken charge as the Chief Executive of Indian Banks’ Association. The Association is based in Mumbai, Maharashtra was formed on 26th September 1946 as an association ..

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Finance Minister launches ‘eBkray’ auction platform for assets attached by banks

Union Finance Minister Nirmala Sitharaman has launched eBkray or eBक्रय,  an common e-auction platform to enable online auction of attached assets transparently and cleanly for the improved realization of value by banks. The e-auction platform is now linked on Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal and guidelines have been made available. About eBkray ..

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Rajnish Kumar appointed as new chairman of Indian Banks’ Association

SBI chairman Rajnish Kumar has been appointed as the new chairman of Indian Banks’ Association (IBA) for 2019-20. He succeeded Sunil Mehta, who was the MD & CEO of Punjab National Bank (PNB). The IBA represents banks’ interests with the government and regulators.

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RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 lakh ATMs in India. At end of April 2019, there were over 88.47 crore debit ..

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