RBI Cancels License of The Kapol Co-operative Bank Over Inadequate Capital In recent news, the Reserve Bank of India (RBI) has taken a significant step by canceling the license of The Kapol Co-operative Bank. This move comes in response to concerns regarding the bank’s inadequate capital reserves. Let’s delve deeper into why this news is…
PR Seshadri Appointed New MD & CEO of South Indian Bank PR Seshadri has been appointed as the new Managing Director and Chief Executive Officer of South Indian Bank. This appointment marks a significant development in the banking sector, particularly for those aspiring to work in the banking industry or appear for government exams. Why…
Canara Bank Offers UPI Payments through RuPay Credit Cards Canara Bank, one of India’s leading public sector banks, has recently announced a significant development in its banking services. The bank has introduced a new feature that allows customers to make Unified Payments Interface (UPI) payments through their RuPay credit cards. This innovative offering aims to…
Unclaimed Deposits Transfer: Public sector banks transfer ₹35,012 cr unclaimed deposits to RBI As of February 2023, public sector banks (PSBs) in India have transferred unclaimed deposits worth ₹35,012 crore ($4.7 billion) to the Reserve Bank of India (RBI), according to a report by the central bank. The transfer of these funds was made under…
Paytm Payments Bank Gets RBI Nod for Surinder Chawla as New CEO Paytm Payments Bank Limited (PPBL) has received approval from the Reserve Bank of India (RBI) for the appointment of Surinder Chawla as the new CEO of the bank. Surinder Chawla, who was earlier the Chief Business Officer (CBO) of PPBL, will replace Satish…
