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Bank Promotion Exams |
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SBI Launches Initiative to Speed Up Home Loan Applications State Bank of India, the country's largest lender, has launched an initiative to expedite its home loan application process and provide doorstep services. The initiative, known as 'Project Tatkal', will help get the loan within 10 days after receipt of the application form and relevant supporting documents, the bank said in a release.. Read more... ........................... Corporation Bank Launches Mudra Card State-owned Corporation Bank on Saturday launched Mudra, or Micro Units Development and Refinance Agency, card for small enterprises, based on the RuPay platform.The card was launched by Financial Services Secretary Hasmukh Adhia at Mangalore. Read more... ........................... RBI to Allow New Kind of NBFC as Account Aggregator The Reserve Bank will allow setting up new kind of NBFC which would act as account aggregator to help people see their accounts across financial institutions in a common format. RBI will put in place a regulatory framework to allow a new kind of Non-Banking Finance Company (NBFC) which could act as account aggregator, Governor Dr Raghuram Rajan told reporters after the central bank's board meeting held on Thursday. Read more... ........................... NPCI, Japan's JCB to partner on payment cards National Payments Corporation of India (NPCI) and JCB International Co. Ltd, a subsidiary of Japan's JCB Co. Ltd., are entering into a partnership for payment cards issuance and acceptance. Read more... ........................... Reliance, ICICI to manage Rs 60,000 crore coal PF Fund Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore provident fund corpus of coal industry workers, an government official has said. Read more... ........................... KV Kamath Relinquishes ICICI Bank Post Largest private sector lender ICICI Bank on Thursday said its non-executive Chairman K V Kamath has relinquished his position at the bank to take over as the head of the BRICS-promoted New Development Bank (NDB). Read more... ........................... RBI, Government in Discussions for Recapitalisation of Banks: Rajan The government and the central bank are in discussions over recapitalisation of state-owned banks, Reserve Bank Governor Dr Raghuram Rajan said on Thursday. "I should also mention that the government has been in discussion with us but also thinking of adding more capital to the banks and that will help because it will give them a buffer," he said after the board meeting here. Read more... ........................... RBI to Soon Test Waters With Plastic Notes of One Denomination RBI will soon "test waters" for plastic currency, beginning with Rs 10 notes and the process should be "fully on" in the coming year. "Plastic currency is to test waters with one denomination. We started the process of procuring it. But in the process some technical problems had come up. So we are redoing that. So in the coming year we should get the process fully on. That is about plastic currency per se," Reserve Bank's Deputy Governor R Gandhi on Thursday said. Read more... ........................... SBI Chief Spots Modest Recovery Underway State Bank of India chairman Arundhati Bhattacharya on Thursday said the current financial year is going to be more promising than the previous one with a modest recovery already underway. Read more... ........................... Black money: India slips to 61st place on Swiss money list India has moved down to 61st place in terms of foreigners' money in Swiss banks and it now accounts for a meagre 0.123 per cent of the total global wealth worth $1.6 trillion in Switzerland's banking system. Read more... ........................... Cost of Printing A One Rupee Note is Rs 1.14 The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value, an RTI query has revealed. The Security Printing and Minting Corporation of India (SPMCIL), under the central government, said in the RTI response that the cost is subject to audit, which is in progress, for financial year 2014-15. Read more... ........................... Government Close To Appointing New Heads of PSU Banks: Rajan Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly. The government, which is trying to reform the country's banking sector, is seeking new chief executives for five state-run banks that are currently without a permanent leader. Read more... ........................... Bharatiya Mahila Bank to Merge With SBI? Arundhati Bhattacharya Says 'No-Brainer' Amid speculation about newly created Bharatiya Mahila Bank being merged with SBI, the state-run behemoth on Tuesday said it can easily absorb the youngest state-run lender. Read more... ........................... India Post to issue 5 lakh new debit cards in next 2 months India Post, which has started issuing personalised debit cards to its savings account holders, is planning to issue 5 lakh new debit cards over the next two months, a senior official has said. The Department of Posts (DoP) started issuing the cards from last year and so far, it has reached close to 10,000. Read more... ........................... |