Page-7 of SBI
Scheduled Commercial Banks in India
The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major ..
Six Indian women among Forbes' 50 'Power Businesswomen' 2015
Six Indian women entrepreneurs and businesswomen have been named by Forbes magazine as among the 50 ‘Power Businesswomen’ from Asia. Indians included in the list are Arundhati Bhattacharya- Chairperson of State Bank of India (SBI). Forbes list referred her as the ..
Month: Current Affairs - February, 2015
RBI to designated six bas as Systemically Important Banks (SIBs)
The Reserve Bank of India will designate at least six banks as Systemically Important Banks (SIBs), for the domestic financial market which will need to have higher capital than other banks to prevent the financial system from collapsing in the ..
Month: Current Affairs - July, 2014
54 Indian companies among Forbes ‘Global 2000’
In the latest released Forbes ‘Global 2000’ list, Mukesh Ambani-led Reliance Industries leads the set of 54 Indian companies in the annual list of the world’s 2000 largest and most powerful public companies. The top three positions of the list is ..
Month: Current Affairs - May, 2014
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
State Bank of India launches a Twitter Handle
State Bank of India has now launched a Twitter Handle. Earlier, SBI had launched its accounts on Facebook and Youtube. The aim is to target a huge customer base as well as potential customers. There will be all day round ..
Month: Current Affairs - April, 2014
SBI launches Tab banking facilities for Savings a/c, Housing Loan and e-KYC
For the convenience of its customers, SBI has launched 3 digital banking facilities. These are: 1) TAB Banking for Savings a/c– Opening Savings a/c at Customer’s door step using tablet PC provided to the Bank’s Sales Staff (who visit the Customer’s home). These ..
Month: Current Affairs - April, 2014
SBI Life Insurance to appeal against the order of IRDA to refund Rs.275 crore
The Private sector life insurer, SBI Life Insurance would appeal against the order of Insurance Regulatory and Development Authority (IRDA) to refund Rs.275 crore to the policy holders of Dhanaraksha Plus Limited Premium Paying Term (LPPT), a group insurance policy. ..
Month: Current Affairs - March, 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
Mr. Pradeep Kumar: New MD (Corporate Banking) of SBI
The Country’s biggest lender, State Bank of India (SBI) appointed Mr. P.Pradeep Kumar as its Managing Director and group executive in charge of corporate banking. The seat was lying vacant as of Ms. Arundhati Bhattarcharya became the Chairman of SBI ..