Category: Banking

HDFC bank released song #HumHaarNahiMaanenge

May 4, 2020

• To keep the spirits high and motivated HDFC Bank has released song #HumHaarNahiMaanenge (We will notgiveup). This song is composed by A. R. Rehman and lyrics are penned by Parsoon Joshi.

Rs 500 credited to women beneficiaries under PMGKY

May 3, 2020

• Second installment of Rs. 500 has been credited to women beneficiaries under Pardhan Mantri Garib Kalyan Yojna (PMGKY). They are bound to get installment of Rs. 500 each month starting from April 2020.

Neeraj Dhawan appointed as Chief Risk Officer of Yes Bank

May 3, 2020

• Neeraj Dhawan has been appointed as Chief Risk Officer of the Yes Bank for a period of 3 years with immediate effect. He will replace Ashish Agarwal, the current CRO of Yes Bank.

Vikas Abhaya loan scheme launched by KVG Bank

May 2, 2020

• Karnataka Vikas Grameena bank (KVG Bank) has launched Vikas Abhaya Scheme to support Micro , Small and Medium Enterprises (MSMEs) in India that have been affected due to ongoing COVID-19 pandemic.
• The loan will be for the existing MSME customers who have been regular as on February 29. A maximum loan of up to ₹1 lakh will be provided and no collateral security will be insisted upon. The loan is repayable within 36 months, 

PNB Housing appoints Neeraj Vyas as new MD & CEO

April 30, 2020

• Punjab National Bank (PNB) Housing Finance Ltd. has appointed Neeraj Vyas as the new MD and CEO.He will be replacing Sanjay Gupta, present MD and CEO of PNB Housing Finance Ltd.

Special borrowing scheme for SHGs launched by IOB.

April 28, 2020

• Indian Overseas Bank has launched a special Borrowing scheme for the Self Help Groups (SHGs) that are having good track record and a history of minimum two loans from IOB. 
• This facility can be availed till June 30, 2020 only by those SHGs whose existing loans are standard and performing as on March 1, 2020.

Transcorp allowed to issue co-branded prepaid cards by RBI

April 26, 2020

• Reserve bank of India (RBI) has allowed Transcorp International Ltd. to issue co-branded  prepaid cards in India. Co–branded cards represent a partnership between the business, customer, financial service provider and card issuing authority. 

ICICI Bank launched a voice-based banking service

April 21, 2020

• ICICI Bank has launched voice-based banking service for its customers. This service will allow them to perform balance queries, check balance, credit card dues, etc using Google Assistant and Alexa. 

HDFC Bank begins #HDFCBankSafetyGrid campaign for social distancing

April 19, 2020

• HDFC Bank has started the #HDFCBankSafetyGrid campaign to promote social distancing in Public places.
• The bank has created physical markers of the HDFC Bank logo on the ground using the outer grid logo.
• This campaign supports people waiting in the queue at a shop or an establishment.

The license of Mapusa Urban Co-operative Bank of Goa Ltd canceled

April 17, 2020

• The license of Mapusa Urban Co-operative Bank of Goa Ltd. has been canceled by the Reserve Bank of India.
• Due to cancellation of license, bank will not be allowed to carry out banking activities like accepting the deposit, issuing loans, etc as defined in Section 5(b) under Section 56 of the Banking Regulations Act, 1949