Thursday, December 12, 2019

Canara Bank launched India’s first OTP facility for ATM cash withdrawals above Rs.10,000

Canara Bank, one of the largest public sector banks in India has launched India’s first one-time password (OTP) facility for ATM withdrawals over Rs.10,000 in a day. This extra...

SBI became first Indian bank to have office in Australia’s Victoria

The State Bank of India opened its Melbourne office and becoming the first Indian bank to have a branch in the Australian state of Victoria. The Melbourne office will...

SBI, ICICI, HDFC Bank to remain D-SIBs

The Reserve Bank of India (RBI) has announced that SBI, ICICI and HDFC Banks would continue as Domestic Systemically Important Banks (D-SIBs) for 2018. The recognition as Domestic Systemically...

RBI granted Bank of China to offer regular banking services in India

India’s central banking institution, RBI(Reserve Bank of India) has allowed Bank of China (BoC) to provide regular bank services in India. BoC will be included in the Second Schedule...

ICBC Launched China’s 1st India-Dedicated Investment Fund

Chinese state-run bank Industrial and Commercial Bank of China (ICBC) launched the country's first India-dedicated publicly offered investment fund, named as the ‘ICBC Credit Suisse India Market Fund’....

India emerged as top borrower from AIIB in 2017

India has emerged as a top borrower from the China-sponsored Asian Infrastructure Investment Bank (AIIB) with USD 1.5 billion worth of loans last year and USD three billion more...

RBI Extended Timings of RTGS Transactions by an hour from 7 am instead of...

India’s central bank, the Reserve Bank of India(RBI) has extended the timings of Real-Time Gross Settlement (RTGS) transactions by an hour from 7 AM instead of 8 AM with...

Canara Bank became India’s first public sector bank to meet RBI’s EMV mandate

Global provider of real-time electronic payment and banking solutions, ACI Worldwide, notified that India’s public sector bank, Canara Bank has successfully rolled out new functionality that supports EMV (Europay,...

22 GMs recommended as executive directors at PSU banks

Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive directors at the various public sector banks (PSBs). This is the first major exercise undertaken...

RBI to Launch Mobile App for Visually Impaired

The Reserve Bank of India has proposed to come out with a mobile application to aid visually impaired persons in identifying Indian currency notes. At present, banknotes in the...

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