M.K Jain appointed as new Deputy Governor of RBI

Mahesh Kumar Jain, who is currently MD & CEO of IDBI Bank, has been appointed as the fourth deputy governor Deputy Governor of the Reserve Bank of India for a period of three years. The post was lying vacant since ..

RBI initiates PCA against Allahabad Bank over its high bad loans

The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute ..

IDBI bank launched ‘Project Nishchay’ to improve financial performance

IDBI Bank has launched ‘Project Nishchay’ in partnership with the Boston Consulting Group (BCG) to accelerate its turnaround program and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. As part of ..

Mohammad Mustafa appointed as new CMD of Small Industries Development Bank of India (SIDBI)

Mohammad Mustafa, a 1995 batch IAS officer of Uttar Pradesh cadre, has been appointed as the new Chairman and Managing Director (CMD) of Small Industries Development Bank of India (SIDBI) for a period of 3 years. At present, he is ..

IDBI appointed Kishor Piraji Kharat as its MD and CEO

Industrial Development Bank of India (IDBI) has appointed Kishor Piraji Kharat as its new Managing Director & Chief Executive Officer. Kishor Kharat is a graduate in commerce and law who is also a certified associate of the Indian Institute of Bankers. ..

Month: Current Affairs - August, 2015

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

Government rejects Fitch ratings

Lashing out at global rating agencies for reducing credit outlook of Indian banks, the government held these bodies are fully capitalized and there is nothing to worry about them. Finance Minister Pranab ruled out the Fitch revision enunciating that the ..

Month: Current Affairs - June, 2012

General Compendium-3

Plantation CropsCentral Plantation Crops Research InstituteFirst National Forest Policy of India:New Forest Policy, 1988Free Enterprise Economy or Laissez Faire systemGovernment Controlled EconomyNational Security Exception Act (NSEA)UN Millenium Development GoalsIndia ‘s FDI policyNational Biofuel Policy 2008Darfur Humanitarian Crisis:Scheduled Commercial Banks In ..