Indian Overseas Bank Current Affairs, GK & News

Indian Overseas Bank  Current Affairs, GK & News

Indian Overseas Bank launches an healthcare insurance policy in collaboration with Universal Sompo General Insurance Company Ltd

Public sector Indian Overseas Bank unveiled a healthcare insurance policy through online platform in association with Universal Sompo General Insurance Company Ltd. The policy offered on real time basis to customers at the branches of Indian Overseas Bank through integration of technology of the two institutions. The co-branded healthcare policy designed by Universal Sompo General ..

Topics: 

Merger of Public Sector Banks

The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender. Canara Bank and Syndicate Bank will merge. Union Bank ..

Topics: 

Karnam Sekar appointed as new MD and CEO of Indian Overseas Banks

Dena Bank’s former Managing Director Karnam Sekar has been appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Indian Overseas Bank.  He would take up the position from 1st July, 2019. He has been working as an officer on special duty and Whole Time Director in Indian Overseas Bank from 1st ..

Topics: 

EASE Index Report

The BCG-IBA report EASE Reforms for Public Sector Banks measures the performance of each PSB on 140 objective metrics across 6 themes. The 6 themes are: Customer Responsiveness: EASE for customer comfort Responsible Banking: Financial stability, governance for ensuring outcomes, and EASE for clean & commercially prudent business Credit Off-take: EASE for the borrower and ..

Month: 

Topics: 

RBI Removes three Banks from PCA Framework

The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh capital into various banks including some of the banks currently under the PCA framework. As ..

Month: 

Topics: 

1 / 3123