DAILY G.A UPDATE : 30-07-2016
1. India to host international summit on tobacco-control
India will host a crucial global summit in November to eliminate the illicit trade of tobacco products in which delegates from 180 countries will take part.
"India is hosting the 7th session of the Conference of the Parties (COP7) to the WHO Framework Convention on Tobacco Control (WHO-FCTC)," Minister of State for Health Anupriya Patel said in a written reply to a question in the Lok Sabha.
2. SBI launches wealth management for the ‘affluent’
Finance Minister Arun Jaitley formally launched the wealth management services of State Bank of India (SBI) ‘SBI Exclusif'. Under this services will also be given to the customers via telephone or via video call.
Taking the lead among State-owned banks, State Bank of India, the country’s largest commercial bank, formally entered the wealth management space with the launch of ‘SBI Exclusif’ in the capital.
To begin with, this new offering will be targeted at the upwardly mobile and not the ultra-high networth individuals, Arundhati Bhattacharya, Chairperson, SBI, told a press conference here.
Any individual who has availed loans of over ₹1 crore from a bank or holds deposits of ₹30 lakh or earns a salary of ₹2 lakh and more a month can become an ‘SBI Exclusif’ customer.
‘Omni-channel’ model
This offering — launched by Finance Minister Arun Jaitley on Friday — will follow the “omni-channel” model, with both in-person and first-of-its kind ‘e-wealth’ channel (remotely via a call or video conversation) or through future ready digital (Internet banking/mobile) channels.
SBI’s one-year aim is to get 5,500 customers for its ‘SBI Exclusif’ offering and aims to achieve assets under management of ₹7,500 crore, Manju Agarwal, Deputy Managing Director, SBI, said.
He also said, going forward, ‘SBI Exclusif’ would be made available to corporates, trusts, temple funds, army funds and other organisations with surplus funds.
As part of the wealth management service offering, SBI will offer investment advice on debt, equities, G-Secs and also structured products, Manju added. For structured products, SBI has already tied up with private players such as Reliance Capital and Citibank.
To begin with, ‘SBI Exclusif’ will “not be a priced service,” Bhattacharya said. After gaining experience over time, this offering may be converted into a “fee model”. “All our fees, as and when we decide to introduce, will be upfront and transparent. We are a public sector bank and there will be no hidden charges,” she added.
As part of the wealth management service offering, SBI will offer investment advice on debt, equities, G-Secs and structured products, Manju added. For structured products, SBI has already tied up with private players such as Reliance Capital and Citibank.
3. Anurag Thakur commissioned into Territorial Army
BCCI President and BJP MP Anurag Singh Thakur was commissioned into the Territorial Army (TA) in the rank of Lieutenant. He was conferred the rank by Army chief General Dalbir Singh Suhag.
4. 'Psycho Raman' wins best Asian genre film award at BiFan
Anurag Kashyap's film 'Psycho Raman' won the best Asian genre film award at Bucheon International Fantastic Film Festival, South Korea.
Deepak Sampat won the best actor award for Rohit Mittal's "Auto Head" at the festival.
5. Delhi's Defence Colony gets 'Wall of Honour'
A wall of honour dedicated to the army men from the Defence Colony, who sacrificed their lives for the nation, was inaugurated by former Chief of Army Staff Gen (retd) V P Malik.
6. Wipro announces scholarship for underprivileged girl students
To encourage underprivileged girl students who pursue higher education after grade 12, Wipro Consumer Care in association with "Wipro Care" has announced the 'Santoor Scholarship' programme to financially support them.
7. PSU oil retailer BPCL picks up 21% stake in fintech firm Fino Paytech for $37.6m
Public sector oil marketing company Bharat Petroleum Co Ltd (BPCL) has acquired 21 per cent stake in software solutions and services company Fino Paytech for Rs 251 crore ($37.6 million).
1. India to host international summit on tobacco-control
India will host a crucial global summit in November to eliminate the illicit trade of tobacco products in which delegates from 180 countries will take part.
"India is hosting the 7th session of the Conference of the Parties (COP7) to the WHO Framework Convention on Tobacco Control (WHO-FCTC)," Minister of State for Health Anupriya Patel said in a written reply to a question in the Lok Sabha.
2. SBI launches wealth management for the ‘affluent’
Finance Minister Arun Jaitley formally launched the wealth management services of State Bank of India (SBI) ‘SBI Exclusif'. Under this services will also be given to the customers via telephone or via video call.
Taking the lead among State-owned banks, State Bank of India, the country’s largest commercial bank, formally entered the wealth management space with the launch of ‘SBI Exclusif’ in the capital.
To begin with, this new offering will be targeted at the upwardly mobile and not the ultra-high networth individuals, Arundhati Bhattacharya, Chairperson, SBI, told a press conference here.
Any individual who has availed loans of over ₹1 crore from a bank or holds deposits of ₹30 lakh or earns a salary of ₹2 lakh and more a month can become an ‘SBI Exclusif’ customer.
‘Omni-channel’ model
This offering — launched by Finance Minister Arun Jaitley on Friday — will follow the “omni-channel” model, with both in-person and first-of-its kind ‘e-wealth’ channel (remotely via a call or video conversation) or through future ready digital (Internet banking/mobile) channels.
SBI’s one-year aim is to get 5,500 customers for its ‘SBI Exclusif’ offering and aims to achieve assets under management of ₹7,500 crore, Manju Agarwal, Deputy Managing Director, SBI, said.
He also said, going forward, ‘SBI Exclusif’ would be made available to corporates, trusts, temple funds, army funds and other organisations with surplus funds.
As part of the wealth management service offering, SBI will offer investment advice on debt, equities, G-Secs and also structured products, Manju added. For structured products, SBI has already tied up with private players such as Reliance Capital and Citibank.
To begin with, ‘SBI Exclusif’ will “not be a priced service,” Bhattacharya said. After gaining experience over time, this offering may be converted into a “fee model”. “All our fees, as and when we decide to introduce, will be upfront and transparent. We are a public sector bank and there will be no hidden charges,” she added.
As part of the wealth management service offering, SBI will offer investment advice on debt, equities, G-Secs and structured products, Manju added. For structured products, SBI has already tied up with private players such as Reliance Capital and Citibank.
3. Anurag Thakur commissioned into Territorial Army
BCCI President and BJP MP Anurag Singh Thakur was commissioned into the Territorial Army (TA) in the rank of Lieutenant. He was conferred the rank by Army chief General Dalbir Singh Suhag.
4. 'Psycho Raman' wins best Asian genre film award at BiFan
Anurag Kashyap's film 'Psycho Raman' won the best Asian genre film award at Bucheon International Fantastic Film Festival, South Korea.
Deepak Sampat won the best actor award for Rohit Mittal's "Auto Head" at the festival.
5. Delhi's Defence Colony gets 'Wall of Honour'
A wall of honour dedicated to the army men from the Defence Colony, who sacrificed their lives for the nation, was inaugurated by former Chief of Army Staff Gen (retd) V P Malik.
6. Wipro announces scholarship for underprivileged girl students
To encourage underprivileged girl students who pursue higher education after grade 12, Wipro Consumer Care in association with "Wipro Care" has announced the 'Santoor Scholarship' programme to financially support them.
7. PSU oil retailer BPCL picks up 21% stake in fintech firm Fino Paytech for $37.6m
Public sector oil marketing company Bharat Petroleum Co Ltd (BPCL) has acquired 21 per cent stake in software solutions and services company Fino Paytech for Rs 251 crore ($37.6 million).