Articles tagged under: Banking

70% new recruited SBI clerks in Gujarat don’t know Gujarati; Opposition Congress points out violation of rules

June 26, 2022
70% new recruited SBI clerks in Gujarat don’t know Gujarati; Opposition Congress points out violation of rules

Ahmedabad: State Congress spokesperson Dr. Manish Doshi raised questions over the recent recruitment of 660 clerks in the State Bank of India (SBI) in Gujarat. 70% of the candidates from other states were recruited, ignoring the rule of compulsory proficiency in the Gujarati language, the Congress Spokesperson claimed. Doshi said that the State Bank of India had called for online applications for 660 posts of Junior Associate in May 2021 and then the examination was held in July 2021. Youn...Read More

Gujarat Bank Workers Union calls for a strike in all nationalized banks in the state on 27th June

June 20, 2022
Gujarat Bank Workers Union calls for a strike in all nationalized banks in the state on 27th June

Gandhinagar: Gujarat Bank Workers Union has called for a strike of all the nationalised banks in the state on 27th June over various demands. The nationalised banks will remain closed for continuous 3 days from 25th, 26th and 27th June. The bank will remain closed on 25th June due to the holiday of the fourth Saturday and on 26th June due to the Sunday holiday. The bank associations such as the All India Bank Employees Association, and the United Forum of Bank Union are in support of the str...Read More

Zydus Chairman Pankaj Patel appointed in RBI Central Board

June 14, 2022
Zydus Chairman Pankaj Patel appointed in RBI Central Board

Mumbai: Pankaj Patel, Chairman, of Zydus Lifesciences Limited has been appointed as a part time non-official Director in the Central Board of the Reserve Bank of India. The appointments committee of the centre has approved the proposal for his appointment. DeshGujaratRead More

HDFC Bank launches full value remittance for USD, EUR, GBP

June 09, 2022
HDFC Bank launches full value remittance for USD, EUR, GBP

Mumbai: HDFC Bank today launched full value outward remittance service in US Dollar (USD) Euro (EUR) and the Pound Sterling (GBP) for trade and retail customers. The first-of-its-kind “Full Value” feature ensures that when a customer sends money abroad, the full amount remitted will reach the overseas beneficiary, without any deductions of foreign bank charges. The Bank till date has supported Full Value remittance only for individual customers in USD denomination. In an industry-first, i...Read More

30 crore bank accounts, equal to entire American population, opened under Jan Dhan Yojana

June 01, 2022
30 crore bank accounts, equal to entire American population, opened under Jan Dhan Yojana

Vadodara: Foreign Minister S jaishankar said during a Garib Kalyan Sammelan in Vadodara that the country was progressing despite many challenges in the way and benefits offered by the government in the form of welfare schemes was transforming the lives of the poor. The Foregin Minister had participated virtually from Vadodara in the main function organized for the Prime Minister in Simla. As a snapshot of his stint as foreign minister, Jaishankar said that years ago during our visits to In...Read More

MUFG first Japanese bank to receive approval to open a branch at GIFT City

May 26, 2022
MUFG first Japanese bank to receive approval to open a branch at GIFT City

Gandhinagar: MUFG Bank today announced that it has become the first Japanese bank to obtain approval to open a branch (GIFT Branch) in the Gujarat International Financial Tec-City (GIFT City) from the International Financial Services Centres Authority in India and the Financial Services Agency in Japan. The bank will now proceed with preparations to open the GIFT Branch. Presently, MUFG Bank has five branches in India (New Delhi, Mumbai, Chennai, Bengaluru and Neemrana), making the GIFT Branc...Read More

New Development Bank enters GIFT City in Gujarat

May 20, 2022
New Development Bank enters GIFT City in Gujarat

Gandhinagar: The New Development Bank (NDB) announced the launch of its Indian Regional Office (IRO) in Gujarat International Finance Tec-City (GIFT City). Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination (including initial project preparation and technical assistance), pipeline development, project implementation and monitoring as well as regional portfolio management. “The Indian Regional Office will be instrumental i...Read More

Bank of India establishes Centralised Foreign Exchange back office in GIFT City

May 07, 2022
Bank of India establishes Centralised Foreign Exchange back office in GIFT City

Gandhinagar(Press Release): Bank of India has established its Centralised Foreign Exchange Back Office (FE-BO) in GIFT City Gandhinagar, Gujarat. FE-BO will handle international trade originating from all Branches in India. The Bank enjoys large franchise of Indian exporters and importers. To cater to needs of exporters and importers, Bank has a network of 45 foreign Branches as well as 250+correspondent banks across the globe in addition to 200+ AD Branches in India. Sh.A.K.Das, Managing ...Read More

SBI announces execution of USD 500 Million offshore borrowing from IFSC Gift City Gujarat

April 18, 2022
SBI announces execution of USD 500 Million offshore borrowing from IFSC Gift City Gujarat

Mumbai: India’s largest commercial bank, State Bank of India (SBI), acting through its IFSC Gift City branch, raised 3-year funds of USD 500 million through syndicated loan facility at very fine pricing. Commenting on the transaction, Shri Ashwini Kumar Tewari, Managing Director, SBI said, “The successful launch of Syndicated loan at such a fine pricing demonstrates the kind of reputation SBI has created for itself in offshore financial markets allowing it to efficiently raise funds...Read More

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