Blog | BANKEDGE | Professional Certification Courses In Banking

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Here is one more addition to the Payment Banks List. Yes…. Jio Payments Bank which is a 70:30 joint venture between Reliance Industries (RIL) of Mukesh Ambani and State Bank of India, is to start its operations from December 2017. The in principle approval for setting up a Payment Bank was received in August 2015.

Mr. Rajnish Kumar has been appointed as the Chairman of the largest Indian Bank State Bank of India. The cabinet approved Mr. Kumar’s appointment for a period of three years from October 7, 2017, according to statement issued by the Department of Personnel and Training (DoPT). Mr. Kumar, is presently one of the four

05 Oct

New SBI Chairman

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Mr. Rajnish Kumar has been appointed as the Chairman of the largest Indian Bank State Bank of India. The cabinet approved Mr. Kumar’s appointment for a period of three years from October 7, 2017, according to statement issued by the Department of Personnel and Training (DoPT). Mr. Kumar, is presently one of the four

It is nevertheless difficult for the Public Sector Banks to match the salary and other compensation packages paid by the new Private Sector Banks. The main difficulty in the service approach of PSBs was attributed to their inability to match with the pay compensation of their counter parts in the Private Sectors, which was essential

04 Oct

Linking Of Pay To Productivity In PSBs

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It is nevertheless difficult for the Public Sector Banks to match the salary and other compensation packages paid by the new Private Sector Banks. The main difficulty in the service approach of PSBs was attributed to their inability to match with the pay compensation of their counter parts in the Private Sectors, which was essential

Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon. Why. RBI has slowly increased the currency circulation. Households and business personnel are moving closely back to their choice for making payments. Withdrawal of cash from ATMs have picked up and almost reached a level as was before

02 Oct

Digital Transactions

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Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon. Why. RBI has slowly increased the currency circulation. Households and business personnel are moving closely back to their choice for making payments. Withdrawal of cash from ATMs have picked up and almost reached a level as was before

Six Banks Cheque Books Invalid From 30th Sept ’17

SBI stated that the old cheque books and IFS codes of these six banks will not be valid after September 30. Are you a State Bank of India (SBI) customer holding an account in its subsidiary banks? Soon, you have to get a new cheque book along with the Indian Financial System (IFS) code. The

02 Oct

Six Banks Cheque Books Invalid From 30th Sept ’17

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