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World Bank approves $201.50 million for Technical Education Quality Improvement Project in India

The objective of the project is to enhance quality and equity in participating engineering education institutes and improve the efficiency of the engineering education system in focus states.

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World Bank releases India Development Update 2016

It reviews the current challenges in India’s financial sector and analyzes some of the impacts of the recommendations of the 14th Finance Commission on Indian states.

Recommended for : World Bank , releases , India Development Update , 2016 Update , Financing Double-Digit Growth

SBI named in Hall Of Shame list of Banks funding Cluster Bomb Makers

State Bank of India (SBI) is the only Indian entity on the list that includes global giants like JP Morgan, Barclays, Bank of America and Credit Suisse.

Recommended for : SBI , Hall Of Shame list , Cluster Bomb Makers , PAX , Cluster Munitions , State Bank of India

State Bank of India floats IT Innovation Start-up Fund to assist start-ups in fintech space

The traditional banks around the world are opening up to work with fintech firms which are disrupting business models by using technology to deliver services at lower cost.

Recommended for : State Bank of India , SBI , IT Innovation Start-up Fund , Start-ups , Fintech space

केंद्रीय मंत्रिमंडल ने पांच सहायक कंपनियों के साथ भारतीय स्टेट बैंक के विलय को मंजूरी दी

स्टेट बैंक ऑफ़ इंडिया के इस विलय से 37 लाख करोड़ रुपये का आधारभूत पूँजी लाभ एवं 22500 शाखाओं तथा 60000 एटीएम मशीनों का एकीकृत विशाल बेड़ा तैयार होगा.

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N K Chari takes over as MD of State Bank of Mysore

Prior to his new position, N.K. Chari served as the Deputy Managing Director of State Bank of India.

Recommended for : State Bank of Mysore , SBI , N K Chari , State Bank of India

Consolidation in Indian Banking sector: Pros & Cons

India is the fastest growing major economy in the world. To sustain this growth, there is a need for mega banks that only will ensure investments into the large scale infrastructure projects.

Recommended for : Consolidation , Indian Banking sector , state bank of India , SBI

SBI to merge 5 subsidiaries, Bharatiya Mahila Bank with itself

The proposed consolidation will create a banking behemoth with a balance sheet size of 37 trillion rupees.

Recommended for : SBI , merge , 5 subsidiaries , Mahila bank , state bank of India , banking sector

Forbes released Asia’s 50 Power Businesswomen 2016 list

Reliance Industries Director Nita Ambani and State Bank of India Chairman Arundhati Bhattacharya have been ranked top two in Forbes’ Asia 50 Power Businesswomen 2016 list.

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भारतीय स्टेट बैंक ने ‘नो क्यू’ एप्प लांच किया

इस एप्प की मदद से ग्राहक चुनींदा बैंक शाखाओं में विभिन्न सेवाओं के लिए लगने वाले समय संभावित समय की जानकारी हासिल कर सकेंगे.

Recommended for : No Queue , नो क्यू एप्प , State Bank of India , भारतीय स्टेट बैंक , Arundhati Bhattacharya , अरुंधती भट्टाचार्य

World Banks’ Road to Resilience initiative Concluded

This 10000 kilometer journey provided a chance to implement support for six coastal disaster management and climate resilience projects covering all ten coastal states of India.

Recommended for : Road to Resilience , World Bank , Indian Coastline , Global Facility for Disaster Reduction and Recovery , coastal disaster management , climate resilience projects , coastal states of India ,

Exim Bank announced setting up of project development firm KPDC in Africa

IL&FS Group, African Development Bank and State Bank of India are also the shareholders in KPDC.

Recommended for : KPDC , Africa , Exim Bank , African Development Bank

India signed 123.51 Million US dollar Loan Agreement with Asian Development Bank

It will also be used to improve basic tourism facilities and to build the capacity of sector agencies and local communities in the States of Himachal Pradesh, Uttarakhand and Punjab.

Recommended for : India , Loan Agreement , Asian Development Bank , Himachal Pradesh , Punjab , tourism facilities

RBI declared SBI and ICICI Bank as Domestic Systemically Important Banks

These banks have been put under associated bucket structure as required under the D-SIB Framework and each bucket corresponds to the higher loss absorbency requirements that they would be required to hold from January 2016.

Recommended for : Domestic Systemically Important Banks , D-SIBs , D-SIB Framework , Reserve Bank of India , D-SIB banks , State Bank of India , ICICI Bank

M-Wallet app SBI Buddy launched

Besides the app Buddy, logo and website of SBI Foundation was also unveiled on the occasion by the Union Finance Minister Arun Jaitley.

Recommended for : SBI , Buddy , State Bank of India , SBI Buddy , M-wallet app Buddy , Corporate social responsibility , SBI’s CSR activities , State Bank group ,

Union Government appointed two private sector professionals to head BoB, Canara Bank

This is the first time that private sector professionals were appointed to head the Public Sector Banks (PSBs). Earlier, the heads of PSBs were selected from among the state-run banks or government officers.

Recommended for : Union Government , PS Jayakumar , Rakesh Sharma , Bank of Baroda , Canara Bank , Bank of India , IDBI , Public Sector Banks

आरबीआई ने सीबीएस सहकारी बैंकों को प्रायोजक बैंकों के साथ मिलकर एटीएम कार्ड जारी करने की अनुमति दी

16 जुलाई 2015 को भारतीय रिजर्व बैंक ने कोर बैंकिंग सॉल्यूशंस (सीबीएस) वाली सहकारी बैंकों को प्रायोजक बैंकों के साथ मिलकर एटीम कार्ड/ एटीम–सह–डेबिट कार्ड जारी करने की अनुमति दे दी.

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RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with a sponsor bank

The decision is in addition to the earlier decision of the RBI to allow State Cooperative Banks (StCBs) to install offsite/ mobile ATMs as per their need and potential in their area of operation.

Recommended for : State Cooperative Banks , ATM cards , ATM-cum-debt cards , Reserve Bank of India , RBI , Core Banking Solution , National Financial Switch

SBI launched Project Tatkal

The project will help home loan applicants to get the loan within 10 days after receipt of application form and relevant supporting documents.

Recommended for : State Bank of India , SBI , Project Tatkal , Home Loan Application ,

ప్రాజెక్ట్ తత్కాల్ ను ప్రారంభించిన స్టేట్ బ్యాంక్ అఫ్ ఇండియా

దేశం యొక్క అతిపెద్ద ప్రభుత్వ రంగ బ్యాంకు భారతీయ స్టేట్ బ్యాంకు (ఎస్బిఐ) 3 జూలై 2015 న గృహాల వద్దకే సేవలను అందించడానికి మరియు గృహ రుణం దరఖాస్తు (HLA) ప్రక్రియను వేగవంతం చేయడానికి ప్రాజెక్ట్ తత్కాల్ ను ప్రారంభించింది.

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India placed at 61st position in terms of foreigners’ money in Swiss banks

The countries to top the list are the United Kingdom (UK) and the United States (US) with UK alone accounting for 22 percent of total global funds in Swiss banks.

Recommended for : Swiss National Bank , India’s money in Swiss bank

Beno Zephine became first 100% blind officer in IFS

At the time of being named as IFS officer, Beno was serving the State Bank of India as a probationary officer. She is a postgraduate in English from Madras University.

Recommended for : Beno Zephine , Indian Foreign Services , visually impaired IFS , External Affairs Ministry ,

ఆన్లైన్ కస్టమర్ అక్విజిషన్ పరిష్కారాన్ని విడుదల చేసిన భారతీయ స్టేట్ బ్యాంకు

29 మే 2015 న భారతీయ స్టేట్ బ్యాంకు (ఎస్బిఐ) ఒక ఆన్లైన్ కస్టమర్ అక్విజిషన్ సొల్యూషన్ (OCAS) ను ప్రారంభించింది. గృహ రుణాలు, కారు రుణాలు, విద్య రుణాలు మరియు వ్యక్తిగత రుణాల కోసం దరఖాస్తు చేసుకునేందుకు ఇది ఒక ఆన్లైన్ వేదిక. ఎస్బిఐ చైర్మన్ అరుంధతి భట్టాచార్య దీనిని ప్రారంభించారు.

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State Bank of India launched Online Customer Acquisition Solution

This online application will enable customers to apply for home, car, education and personal loans online and get an instant e-approval.

Recommended for : State Bank of India , SBI , Online Customer Acquisition Solution , OCAS , Arundhati Bhattacharya

VA Prasanth appointed as the CFO of Indian Bank

Indian Bank, established in 1907, is an Indian state-owned financial services company, headquartered in Chennai, India.

Recommended for : V A Prasanth , Chief Financial Officer , Indian Bank

RBI notified FIIs to invest up to 49 percent in Gammon Infrastructure Projects Limited

RBI stated that the company agreed for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

Recommended for : Reserve Bank of India , FIIs/RFPIs , Gammon Infrastructure Projects Limited

भारतीय स्टेट बैंक ने विदेशों में लेनदेन के लिए डिजिटल भुगतान कंपनी पेपाल के साथ समझौता

भारत के सबसे बड़े सार्वजनिक क्षेत्र के बैंक भारतीय स्टेट बैंक (एसबीआई) ने 20 मई 2015 को विदेशों में धन के लेनदेन के लिए डिजिटल भुगतान कंपनी पेपाल के साथ समझौता किया.

Recommended for : State Bank of India , PayPal , भारतीय स्टेट बैंक , पेपाल

ఎన్పిసిఎల్ సహకారంతో RuPay ప్లాటినం డెబిట్ కార్డును ప్రారంభించిన ఎస్బిఐ

7 మే 2015 న భారతీయ స్టేట్ బ్యాంకు, భారతదేశ జాతీయ చెల్లింపుల కార్పొరేషన్ (NPCI) సహకారంతో స్టేట్ బ్యాంక్ RuPay ప్లాటినం డెబిట్ కార్డును ప్రారంభించింది.

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RBI released the report titled State Finances: A Study of Budgets of 2014-15

The report is an annual publication that provides data, analysis and an assessment of the finances of state governments. It provides the snapshot of the changing dynamics of fiscal federalism over the years.

Recommended for : State Finances , Fiscal Consolidation , Reserve Bank of India

भारतीय स्टेट बैंक ने ‘रूपे’ प्लैटिनम डेबिट कार्ड लॉन्च किया

Recommended for : State Bank of India , silver Platinum debit card , भारतीय स्टेट बैंक , रूपे प्लैटिनम डेबिट कार्ड

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