SBI 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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SBI Payments launch of ‘RuPay SoftPoS’

National Payments Corporation of India (NPCI) in association with the SBI Payments have announce to launch the ‘RuPay SoftPoS’ for millions of Indian merchants. This technology will be helpful in transforming the NFC enabled smartphones into merchant Point of Sale (PoS) terminals for retailers. About RuPay SoftPoS With the help of RuPay SOftPoS system, the ..

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Digital Payment Security Controls Direction

The RBI is to introduce digital payment security control directions for regulated entities to improve the security of digital payment channels and also to improve the consumer service. This announcement comes after the central bank temporarily barred the largest private bank, HDFC, from selling new credit cards or launching new digital banking initiatives due to ..

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PM SVANidhi Scheme: API Integration with SBI Portal

On October 7, 2020 Government of India launched the API (Application Programming Integration) between State Bank of India portal and PM SVANidhi Portal. Highlights In simple terms, action programming interface is the connection between two or more applications that allows them to to exchange data. Here in the new application programming interface established by the ..

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Reliance Industries at 96th rank in Fortune Global 500 list

Reliance Industries, headed by the Indian Billionaire Mukesh Ambani, has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. Reliance is ranked 96th in the 2020 ranking released by Fortune. This is the highest any Indian company has been ranked on the Fortune Global 500 list. Background ..

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