A positive Payment System is popularly termed a PPS system. The scheme primarily aims to protect the bank customers against large-value cheque frauds, which is considered the topmost priority of almost all...
The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for extension of term of office of the following three MD & CEOs and ten...
Ease 4.0 (Enhanced Access and Service Excellence) is launched on 25th August 2021 by Finance Minister Nirmala Sitharaman. It is a reform agenda for Public Sector Banks to institutionalise clean and smart...
Today on 25th august Finance Minister Nirmala Sitharaman met with MD and CEO of Public Sector Banks(PSBs). Meeting was scheduled to review the financial performance of Public Sector Banks.It is an initiative...
The Reserve Bank of India(RBI) promoted three officers of Grade F as executive directors for the year 2021-2022. At present RBI has 12 executive directors ,30 chief general managers who come under...
On 7th Aug 2021 Central Bureau of Investigation has booked one of the biggest bank scam lead by Kanpur based Shri Lakshmi Cotsyn of Rs. 6833 crore to a consortium bank finance...
RBI in a recent circular accentuated the review of instructions on Interest on overdue domestic deposits addressing all Scheduled Commercial Banks (including RRBs), all Small Finance Banks, all Local Area Banks and...
RBI Governor talks about getting through the COVID crisis and lays measures for MSMEs and Small Businesses. Important Announcements by RBI Governor in an unscheduled meeting held on 5th May 2021.
RBI...
Bank branches may be shut for the next four consecutive days due to Bank strikes and other bank holidays. Bank Unions have called for a two-day Bank strike to begin on March...
The Union Budget 2021 has announced the privatization of two public sector banks. The move, coming after 51 years of nationalization of government-owned banks in 1969, will give the private sector a...
