Page-5 of Public Sector Banks in India Current Affairs, GK & News

Arundhati Bhattacharya appointed as new SWIFT India Chairman

Arundhati Bhattacharya, former chairman of State Bank of India (SBI) has been appointed as SWIFT India Chairman. She will succeed former banker M V Nair. SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication).

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Major Banking Reforms of 21st Century

India is one among the top 10 economies in the world. Banking sector in India is robust and forms the most dominant segment of the financial sector. The banking industry acts as a pivot in the economic development of the country. The face of the banking industry has been witnessing changes over the years. The ..

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Nationalization of Banks in India

What is meaning of Nationalization of Bank? Nationalization refers to an act of taking an industry or assets into the public ownership. In context of banks, it means that banks which were earlier in private sector were transferred to the public Sector by the act of nationalization. Opposite of Nationalization is privatization. What were need ..

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The Government of India proposes to merge BoB, Dena Bank and Vijaya Bank

The Government of India (GoI) has proposed to merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB) to create India’s third largest lender as parts of reforms in the public sector banking segment. The decision was taken at the meeting of a ministerial panel headed by Finance Minister Arun Jaitley which oversees merger ..

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Sunil Mehta elected as new chairman of Indian Banks Association

Sunil Mehta, the MD &chief executive of Punjab National Bank (PNB), has been elected as the new chairman of the Indian Banks Association (IBA) for 2018-19. Apart from him, Dinabandhu Mohapatra, MD & CEO of Bank of India (BoI), has been elected as IBA’s Deputy Chairman. The IBA is a representative body of management of ..

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