Banking Current Affairs - 2020

RBI sets up P K Mohanty Panel to Review Ownership of Private Banks

On June 12, 2020, the Reserve Bank of India has constituted an internal working group. The working group is to review guidelines of ownership of private sector banks. Highlights The panel constituted by the apex bank is to examine regulations to hold financial subsidiaries through non-operative financial holding company. The group is to be headed Read More…

Banking Services made Public Utility Services

The Government of India has declared banking industry as public utility service till October 21. The order has been issued under provisions of Industrial Disputes Act. Highlights The banking services have been brought under the Industrial Disputed Act in order to prevent strikes by the employees of banking sector. The order has been passed by Read More…

EKAM Fest: Event to Promote craftsmanship and products of Divyang entrepreneurs

A week-long festival called “EKAM FEST” was organized to promote the products of Divyang artisans and entrepreneurs. More than 80 Divyang entrepreneurs and artisans participated in the event. Highlights The event focuses to promote knowledge and entrepreneurship of Divyang Community. It also aims to market their opportunities. The event was organized by NHFDC (National Handicapped Read More…

EASE 3.0 launched by the Finance Minister to enhance Ease of Banking

On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim of EASE 3.0 is to make public sector banking technology enabled and smart. By this Read More…

CVC constitutes Advisory Board for Banking Frauds

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and rejigged version of erstwhile Advisory Board on Bank, Commercial and Financial Frauds. About Advisory Board for Banking Frauds (ABBF) Composition: Former Vigilance Commissioner T M Bhasin will Read More…