Monthly Current Affairs August 2016 “BANKING NEWS” key points to Remember.
World Bank gives $100 million for Sri Lanka’s economic reforms
EXIM Bank raises USD 1 billion from overseas bonds
RBI Releases Guidelines for ‘On-Tap’ Bank Licence
Bank of Baroda ties up with start-up Fisdom
ICICI Bank reduces MCLR by 0.05%
SBI starts certification for officers who sanction loans
UIDAI RBI’s final guidelines exclude large industrial groups from on-tap banking licence
PSBs need Rs 2.5 lakh crore capital infusion over next 3 years, says S&P Global Ratings
Canara HSBC OBC Life launches iNVESTSHIELD plan
Indian Bank to raise Rs 1,000 cr via bonds
RBI launches ‘Sachet’ portal to rein in illegal money deposits
SBI to offer overdrafts, loans to 7 lakh Jan Dhan account-holders
RBI imposes penalty on 2 Chhattisgarh cooperative banks
Bank of England cuts interest rates for first time since 2009
RBI constitutes a Committee on Household Finance
SEBI proposes new framework for algo trading, co-location
Syndicate Bank launches new products
ICICI Bank aims facilitating 3 million transactions through e-toll plazas by March 2017
HDFC Life, Max Life merger to create entity with Rs 65K cr valuation
RaghuramRajan keeps interest rate unchanged at 6.5% in his last policy review
Bank Of Maharashtra, United Bank of India Get New Chiefs
RBI to inject Rs 10,000 cr through OMO for liquidity crunch on FCNR payout
NABARD sanctions Rs 26.06 crore to Punjab
Syndicate Bank launches Project Ananya aimed at digital banking
Banks should identify key areas for certification of staff: RBI committee
RBI transfers Rs 65,876 croresurplus to government
Banks to start ITR e-verification without netbanking
South Indian Bank, SBI Card to launch co-branded credit card
RBI questions banks for lending Rs 5,262 crore to REI Agro
Offline banking apps push inclusion
IOB to conduct EGM to allot shares worth Rs 1,551 crore to GoI
RBI imposes penalty on four cooperative banks
BoI to tap retail investors for tier-I capital bonds
HDFC Bank, Axis top global charts
ICICI Bank unveils new ‘smart keys’ mobile app
India Post Payments Bank set for 2017 start
Federal Bank, MMTC tie up for distribution of Indian gold coins
SBI approves merger with associates
SBI to gain $120 bn in assets from merger
SBI merger with associates, BMB exempt from CCI approval
Catholic Syrian Bank MD quits
United Bank of India raises Rs 1,000 crore from bonds
RBI asks banks to provide loans to women self-help groups in rural areas at 7% per annum
HDFC to issue NCDs worth Rs 500 crore
Karnataka Bank launches UPI app
RBI asks banks to provide loans to women self-help groups in rural areas at 7% per annum
Banks raise concern over RBI norms for big borrowers
The Oriental Bank of Commerce to raise Rs.1k cr via Tier-1 bonds
The State Bank of Travancore Employees Union urged the Centre not to go ahead with the merger of SBT and other associate banks with SBI, and asked RBI and SEBI to intervene.
Doha Bank, one of the prominent banks in Qatar, is formally inaugurating its first branch in Kerala on August 27.
Canara Bank launches Unified Payment Interface [UPI] App named ‘empower’, at its board of directors’ conclave held at Bengaluru
ICICI Bank launches Unified Payments Interface apps, more banks to follow shortly
Kotak Bank gets nod for selling up to 10% to Canada pension fund