July Month Banking Information 2017:
Canara Bank has launched its first ‘Digital Banking Branch’ named ‘CANDI’ in Bengaluru.
State Bank of India (SBI) to cut the savings bank deposits rate from 4 per cent to 3.5 per cent on deposits below Rs. 1 crore.
The RBI has imposed a penalty of Rs. 3 crore on state-owned Union Bank of India for “non-compliance” with the directions on Know Your Customer (KYC) norms.
Standard Chartered Bank has launched a Multi-currency Forex Card for overseas travelers. The card will allow customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during overseas travel.
National Payments Corporation of India (NPCI) has received a final nod from the Reserve Bank of India to function as the Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment System (BBPS).
Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India, for its customers. BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
Karnataka Bank, in association with its PNB MetLife, has launched Met Loan and Life Suraksha (MLLS)
Reserve Bank of India (RBI) has set up Supervisory Colleges for six Scheduled Commercial Banks which have a sizeable international presence:
State Bank of India, ICICI Bank Ltd., Bank of India, Bank of Baroda, Axis Bank Ltd. and Punjab National Bank.
Small Industries Development Bank of India (SIDBI) has started full-fledged merchant banking operations to benefit the expanding number of growth-oriented Micro, Small and Medium Enterprises (MSMEs), especially those with a strong technology and innovation quotient.
State Bank of India has launched ‘SBI Realty’ – a one-stop integrated website www.sbirealty.in for home buyers.
YES Bank has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.
YES Global Institute has launched “YES GST” program for MSMEs(Micro, Small and Medium Enterprises) under its MSME CSR initiative, ‘Say YES to Sustainable MSMEs in India’.
Nepal SBI Bank has launched the first paperless Banking services sbiINTOUCH.Exams RiderDownload Our Apps & Watch Latest News