Standard Chartered Bank has opened its Global Business Services (GBS) at Bengaluru to improve its services for attracting best minds available locally to redefine banking for the world. The channel will complement bank’s currently GBS centers in functioning in China, India, and Malaysia. Highlights of Global Business Services (GBS): GBS will provide deliver support, client […]
Category: Banking Current Affairs
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India’s largest private bank in terms of assets ICICI bank has decided to provide Rs. 10 Crore financial assistance to Indian Armed Forces. The contribution will be used in welfare activities of family members of the ex-servicemen who lost their lives while guarding the nation. Highlights of ICICI Bank Aid to Armed Forces The amount […]
US Federal Reserve has put a fine on HSBC for doing “unsafe and unsound practices” for foreign exchange trading business. US $175m is amount of fine imposed on HSBC by US Federal Reserve. As per the statements issued by the Fed, Fed has said that bank didn’t stop its traders from misusing secret information of […]
Public sector lender bank IDBI with the consultation of Boston Consulting Group (BCG) has started “Project Nishchay” a turnaround plan with a vision to speed up struggling lender’s turnaround programme and to improve financial performance. The “Project Nishchay” will undergo under the leadership of senior management of IDBI bank alongwith BSG. The bank is under […]
India largest public sector bank State Bank Of India (SBI) has started reviewing its earlier decision on amount of penalty to be imposed on certain category of accounts in case of non-maintenance of minimum monthly balance by the customers. Earlier in April this year bank had reintroduced new non maintenance charges for customers after a […]