Merger of the 10 Public Sector Banks

In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger ..

SBI becomes first Indian bank to link up with China’s National Advance Payment System

The State Bank of India’s (SBI) Shanghai branch has become the first Indian bank to link up with China’s National Advance Payment System (CNAPS). After being a member of the CNAPS, SBI Shanghai can also offer real time transfer of ..

Anshula Kant appointed as MD & CFO of World Bank (WB)

Anshula Kant, Managing Director of State Bank of India (SBI), has been appointed as MD and Chief Financial Officer (CFO) of the World Bank (WB). She will be responsible for financial and risk management of the organisation. Her work will ..

11th tranche of Electoral Bonds sale to start from July 1

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral ..

Month: Current Affairs - June, 2019

RBI constitutes high-level committee to review ATM charges

The Reserve Bank of India (RBI) has constituted a high-level committee under the chairmanship of VG Kannan, Chief Executive of Indian Banks’ Association (IBA) to review the entire gamut of ATM charges and fees. Key Highlights Background: There are around 2 ..

Month: Current Affairs - June, 2019

SBI ties up with FMCG arm of Art of Living

The State Bank of India (SBI) has announced a strategic partnership with the FMCG arm of The Art of Living — Sri Sri Tattva. Under this partnership, YONO users can avail a discount of 15% on the entire range of ..