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:...
The Reserve Bank of India has exercised its powers conferred under Section 47A of the Banking Regulation Act of 1949 & imposed a penalty of Rs 1 crore...
The Kerala High Court has said that banks cannot be absolved from the liability to the loss caused to a customer on account of unauthorised withdrawals made from...
The State Bank of India’s UK head Sanjiv Chadha has been honoured with the ‘Freedom of the City of London’ award in recognition of his contribution to promoting...
The Government of India (GoI) has amalgamated three Regional Rural Banks (RRB) — Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank — into a single RRB...
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...
Asian Games gold medalist Swapna Barman has become the brand ambassador for State Bank of India (SBI)’s unified integrated app ‘YONO (You Only Need One)’. Through YONO, users...
Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks...
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...
The State Bank of India (SBI) has become the India’s first PSU bank to introduce comprehensive wealth business services for its clients. The wealth hub was inaugurated by...
