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 ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies (ARC’s) • Bad Bank • Confederation of Indian Industries • Indian Banks' Association • SBI • State Bank of India (SBI) • Sudharshan Sen Committee
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 ..
Month: Current Affairs - January, 2020
Topics: Chairman of State Bank of India • Indian Banks' Association • Maharashtra • Mumbai • Punjab National Bank • Rajnish Kumar • Sunil Mehta • Union Bank of India
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 ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: e-auction • eBkray • IBAPI portal • Indian Banks Auctions Mortgaged Properties Information • Indian Banks' Association • Nirmala Sitharaman
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.
Topics: Banking in India • CNX Nifty • Economy of India • Financial services • IBA • Indian Banks' Association • Public Sector Banks in India • Punjab National Bank • Rajnish Kumar • State Bank of India • Sunil
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 ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
Topics: CATMi • Confederation of ATM Industry • Debit card • Digital India • High-Level Committee • Indian Banks' Association • National Payments Corporation of India • RBI • Reserve Bank of India • State Bank of India • Tata Communications Payment Solutions • VG Kannan Committee