Gujarat Assembly passes Aadhaar Bill, 2017
The Gujarat Assembly passed Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2017 to empower the state government to use Aadhaar number as the sole identifier for the delivery of various subsidies and benefits in an effective and targeted manner.
Oriental Bank launches mobile wallet ‘Batuaa’
On the occasion of the 75th Foundation Day, Oriental Bank of Commerce (OBC) has come up with several digital offerings including launch of mobile wallet ‘Oriental Batuaa’.
Neelam Damodaran is Bank of India new ED
The Government has appointed Neelam Damodaran as Executive Director of Bank of India.His tenor is up to November 30, 2019. Prior to his elevation as ED, Damodaran was General Manager with Bank of Baroda.
Sunil Mehta appointed non-executive Chairman of PNB
The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services (DFS) for the appointment of Mehta as non-executive Chairman of PNB.
Union Cabinet approves merger of SBI, 5 associate banks
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the merger of State Bank of India (SBI) with five of its associate/subsidiary banks. These five subsidiary banks are State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore. The Union Cabinet also approved the introduction of a Bill in Parliament to repeal the State Bank of India (Subsidiary Banks) Act, 1959 and the State Bank of Hyderabad Act, 1956.
Government to launch Indradhanush 2.0 for Recapitalization of PSBs
Union Government has decided to launch ‘Indradhanush 2.0’ for recapitalisation of public sector lenders so that the banks remain solvent and fully comply with the global capital adequacy norms namely Basel-III.
RBI to set up committee on strengthening cyber security
The Reserve Bank of India (RBI) has decided to set up an inter-disciplinary Standing Committee on cyber security to examine various threats and suggest measures to deal with it.
Govt to open 56 Post Office Passport Seva Kendra facilities
Enthused by the success of two pilot projects on utilising the head post offices as Passport Seva Kendra, the government has now decided to scale up this programme by opening 56 such facilities across the country. The ministry of external affairs and the department of posts had earlier decided to join hands to deliver passport- related services to the citizens.
RBI's Monetory Policy February 2017 : Keeps repo rate unchanged at 6.25%
RBI governor Urjit Patel led Monetary Policy Committee (MPC) kept the key repo rate unchanged at 6.25% in the first monetary policy review of 2017 and after Budget 2017.
ICICI Securities partners with Saxo Bank
ICICI Securities, a subsidiary of ICICI Bank, has entered into a strategic partnership with Saxo Bank, an online multi-asset trading and investment specialist.This partnership will offer Saxo's trading and investment capabilities via a digital platform to Indian investors.