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 ..

Month: Current Affairs - December, 2020

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 ..

Month: Current Affairs - October, 2020

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 ..

Month: Current Affairs - August, 2020

SBI-IRCTC Credit Card Launched for Railway Users

The Railways and Commerce Minister Piyush Goyal has launched the SBI-IRCTC Credit Card that is aimed at the rail passengers and offers a bouquet of opportunities to them. It is part of the Atmanirbhar India Mission of the Prime Minister, ..

Month: Current Affairs - July, 2020

SBI to waive penalty for non-maintenance of AMB for all savings accounts

The Largest lender of India, State Bank of India (SBI) recently announced that the penalty charges for non-maintenance of average monthly balance (AMB) for all its savings bank accounts are to be waived. At present, the customers shall have to ..

Chalasani Venkat Nageswar appointed as Deputy managing director and CFO of SBI

State Bank of India recently announced that Chalasani Venkat Nageswar has been given additional charge of Deputy managing director and Chief financial officer (CFO) of the bank. He is presently serving as the Deputy Managing Director (International Banking Group) has ..