Banks Liable for Unauthorised Withdrawals: Kerala High Court

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 his/her account, merely on the ground that the customer did not respond ..

Month: Current Affairs - February, 2019

SBI UK chief honoured 'Freedom of the City of London'

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 bilateral relations. Sanjiv Chadha was nominated for the honour by Lord ..

Union Government amalgamates Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB

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 with effect from January 1. The sponsor banks of the RRBs are ..

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 ..

Swapna Barman becomes brand ambassador for digital banking platform ‘YONO’

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 are capable to access a variety of financial and other services such ..

Public Sector Banks in India

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 in India of which 21 are scheduled commercial banks while one viz. ..