Sunday, August 7, 2022
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Banks Watch Bureau

Shanti Lal Jain appointed MD and CEO of Indian Bank

Shanti Lal Jain has been appointed as Managing Director & Chief Executive Officer in Indian Bank for a period of three years with effect from the date of assumption of office on or after September 1, 2021

Digital transactions in PSBs doubled in past 2 years: Dr BK Karad

Nearly 72 percent of financial transactions of PSBs are now done through digital channels, with customers active on digital channels having doubled from 3.4 crore in FY 2019-20 to 7.6 crore in FY 2020-21

IOB Q1 FY 22 Results: Standalone PAT rises 170% to Rs 327 Cr

Indian Overseas Bank has reported a 170 percent jump in its standalone profit after tax of Rs 327 crore for the June 2021 quarter (IOB Q1 FY 22 Results)

Punjab National Bank (PNB) Q1 profit jumps 231% to Rs 1,023 crore

Punjab National Bank (PNB) net interest income (NII) increased 6.5 percent year-on-year to Rs 7,226 crore during Q1

Number of wilful defaulters rises to 2,494: Nirmala Sitharaman

The total number of unique wilful defaulters reported by Public Sector Banks was 2,017 as on March 31, 2019, 2,208 as on March 31, 2020 and 2,494 as on March 31, 2021, FM told parliament

SBI to levy charges for services from cash withdrawl to cheque book leaves

The country's largest bank State Bank Of India (SBI) has announced charges for cash withdrawal beyond 4 free transactions per month, also for the cheque book beyond 10 leaves in a year

Dinesh Kumar Khara is the new SBI Chairman, appointed for 3 years

Govt has approved the appointment of Dinesh Kumar Khara as the new SBI Chairman, he will replace current SBI chairman Rajnish Kumar whose three-year term comes to an end on October 7

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