Page-6 of ICICI Bank
RuPay, India’s indigenous card payment network launched
Rupay, India’s own payment gateway was launched to compete with networks such as Visa and Mastercard. The indigenous network will work on ATMs and merchant outlets and help in bringing down cash transactions. The RuPay is a blend of two ..
Month: Current Affairs - May, 2014
ICICI Bank launched ‘branch on wheels’ in Odisha
ICICI Bank Ltd. launched ‘Branch on Wheels’ in Odisha as part their financial inclusion plans to provide banking services in remote villages in the state which are devoid of banking facilities. ICICI Bank is the first private sector bank to ..
Month: Current Affairs - March, 2014
'M-Pesa' launched in Odisha
Telecom major, Vodafone India and ICICI Bank announced the launch of mobile commerce initiative called ‘M-Pesa’ service in Odisha. About M-Pesa service A mobile money transfer and payment service that allows customers to transfer money to any mobile phone, remit ..
Month: Current Affairs - March, 2014
Get rid of SLR, end loan waivers: RBI committee
A high-level panel of the Reserve Bank of India (RBI) has suggested that the central bank should gradually abolish the Statutory Liquidity Ratio (SLR), the portion of deposits that banks must compulsorily keep in government securities. At present, SLR is ..
Month: Current Affairs - January, 2014
RBI extends deadline to issue inflation-indexed bonds
The Reserve Bank of India (RBI) extended the time for issuance of Inflation Indexed National Savings Securities Cumulative (IINSS-C) bonds (or inflation linked bonds) by three months to March 31, 2014, from December 31, 2013. The issuance can be closed ..
Month: Current Affairs - January, 2014
Category: Reports & Indexes Current Affairs
RBI proposes new capital rules for D-SIBs (banks too-big-to-fail)
To safeguard the financial system from any possible crisis situation where large financial institutions faltered due to loss of confidence in the financial system, the Reserve Bank of India (RBI) released the draft report to introduce increased capital requirements by ..
Month: Current Affairs - December, 2013
Chanda Kochhar ranked 4th in Fortune magazine's global list of top-50 women business leaders
ICICI Bank CEO and MD, Ms Chanda Kochhar has been ranked 4th in Fortune magazine’s global list of top-50 women business leaders. The list is topped by Brazilian energy giant Petrobras’ CEO, Maria Das Gracas Foster. Other Indians making it to the list ..
Month: Current Affairs - October, 2013
Current Affairs: Top Headlines September 6, 2013
Iran to set free Indian tanker after 24 days of detention Iran ordered release of an Indian tanker detained by it for the past 24 days at its Bandar Abbas port after being seized in Persian Gulf while carrying crude ..
Month: Current Affairs - September, 2013
Category: Awards, Honours & Persons in News
Arundhati Bhattacharya is the new managing director of SBI
The Govt. has appointment Arundhati Bhattacharya has been appointed as the new managing director of the State Bank of India (SBI). Previously, Bhattacharya was the managing director of SBI Capital, the merchant banking arm of the bank. Who is SBI’s first ..
Month: Current Affairs - August, 2013
Aircel offers ‘Mobile Money’
The Telecom operator Aircel has launched a new service called ‘Mobile Money’ in collaboration with ICICI Bank and Visa to enable its customers transfer money, pay bills and withdraw cash by using only their mobile phones—without having to make a ..