1. SBI to offer banking services on Facebook, Twitter
Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) today launched SBI Mingle, allowing its customers access various banking services via these social platforms.
"Using SBI Mingle, the banks customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience," the bank said in a press release.
The new initiative was launched today by SBI Chairperson Arundhati Bhattacharya on the occasion of 61st State Bank Day.
"The bank has witnessed tremendous engagement from its customers on each of its social platforms for queries, information, advice and complaint resolution. Staying attuned to the needs of the Gen Y customer and collaborating it with innovative technology, SBI is in the process of offering a gamut of new digital services to the customers on the go," Bhattacharya said.
2. RIL, SBI sign pact to set up payments bank JV
Reliance Industries and India's largest lender SBI have signed shareholders agreements to set up small deposit-taking institutions, called payments bank. RIL-SBI combine was among the 11 entities that were in August last year given licence by the Reserve Bank of India (RBI) to start a payments bank. Two of these -- Cholamandalam Investment and Finance Co and grouping of Sun Pharma promoter Dilip Shangvi, IDFC Bank and telecom operator Telenor decided to shelve plans of launching payments bank.
"The Subscription and Shareholders Agreement was signed by RIL as promoter with a 70 per cent equity contribution and SBI as joint venture with a 30 per cent equity contribution on June 30, 2016," the Mukesh Ambani-run firm said in a stock exchange filing. Payments banks can accept deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds by piggy-backing on existing retail or other networks
3. JPMorgan Chase & Co gets RBI approval to open 3 new branches
JPMorgan Chase & Co has received Reserve Bank's approval to open three more branches in the country.
The bank will open new branches at New Delhi, Devanahalli (near Bengaluru) and Paranur (near Chennai) in the next few months, it said in a statement.
These branches will further enhance our capability to better serve our clients in India and overseas," JPMorgan Chase Bank India MD and CEO Madhav Kalyan said.
JPMorgan will provide all existing products and services through these new branches, including cash management, trade finance and foreign-currency payments.
At present, the bank serves its clients from Mumbai branch.
4. Equitas gets final RBI nod to start small finance bank
Equitas Holdings Ltd has received final licence from Reserve Bank to launch a Small Finance Bank (SFB) and will commence operations in few months with a network of around 400 branches.
"The SFB, to be named Equitas Small Finance Bank Ltd (Equitas Bank), will start banking operations after receiving few other approvals from various departments of RBI and other agencies," the company said in a release.
The company hopes to start operations in the next few months with a network of around 400 branches, which would be established through the year.
The company added that in June, the Madras High Court had approved the amalgamation of Equitas Micro Finance Ltd (EMFL) and Equitas Housing Finance Ltd (EHFL) with Equitas Finance Ltd (EFL).
With amalgamation coming into effect, Equitas Finance Ltd will be named as Equitas Small Finance Bank which will carry on the business of banking, said the release.
Chennai-based Equitas Holdings lends to individuals, micro and small enterprises that are underserved by formal financing channels.
5. 'Casino' actor Stuart Nisbet dies at 82
Actor Stuart Nisbet, best known for his role in the 1995 film "Casino" has died aged 82.
The character actor was best known for his role in the Martin Scorsese's directed crime drama "Casino" and had also appeared in the 1967 film "In The Heat of the Night" and "The Fabulous Baker Boys" (1989).
Nisbet has more than 170 accomplishments and he was the familiar face on TV series like "The Virginian", "The Client" and "Baywatch".
One of the first professional acting assignment for Nisbet came when he played Mr. Wade on the 1960s CBS sitcom "Dennis the Menace".
He was the former President of the Nesbitt/Nisbet Society of North America and a prolific film and television character actor of Scottish ancestry. His career spanned almost six decades.
6. SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr
State Bank of India (SBI) has sold 5 per cent stake in bourse NSE to Mauritius-based Veracity Investments for Rs 911 crore, valuing the exchange at over Rs 18,200 crore.
The bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs 4,050 per unit to Veracity Investments totalling Rs 911.25 crore, SBI said in a regulatory filing.
The transaction comes at a time when NSE is discussing a possible public offer and listing. Recently, it said draft paper for domestic listing will be filed with Sebi by January 2017.
"Post this transaction, SBI holds 5.19 per cent stake in NSE while our subsidiary SBI Capital Markets Limited holds another 4.33 per cent in the NSE," it said.
Earlier this year, IDBI Bank had sold 2 per cent stake in NSE to countrys largest insurer LIC.
NSEs other major shareholders include LIC (12.51 per cent), Stock Holding Corporation of India (5 per cent), IDFC (3.90 per cent) and many investment firms.
Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) today launched SBI Mingle, allowing its customers access various banking services via these social platforms.
"Using SBI Mingle, the banks customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience," the bank said in a press release.
The new initiative was launched today by SBI Chairperson Arundhati Bhattacharya on the occasion of 61st State Bank Day.
"The bank has witnessed tremendous engagement from its customers on each of its social platforms for queries, information, advice and complaint resolution. Staying attuned to the needs of the Gen Y customer and collaborating it with innovative technology, SBI is in the process of offering a gamut of new digital services to the customers on the go," Bhattacharya said.
2. RIL, SBI sign pact to set up payments bank JV
Reliance Industries and India's largest lender SBI have signed shareholders agreements to set up small deposit-taking institutions, called payments bank. RIL-SBI combine was among the 11 entities that were in August last year given licence by the Reserve Bank of India (RBI) to start a payments bank. Two of these -- Cholamandalam Investment and Finance Co and grouping of Sun Pharma promoter Dilip Shangvi, IDFC Bank and telecom operator Telenor decided to shelve plans of launching payments bank.
"The Subscription and Shareholders Agreement was signed by RIL as promoter with a 70 per cent equity contribution and SBI as joint venture with a 30 per cent equity contribution on June 30, 2016," the Mukesh Ambani-run firm said in a stock exchange filing. Payments banks can accept deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds by piggy-backing on existing retail or other networks
3. JPMorgan Chase & Co gets RBI approval to open 3 new branches
JPMorgan Chase & Co has received Reserve Bank's approval to open three more branches in the country.
The bank will open new branches at New Delhi, Devanahalli (near Bengaluru) and Paranur (near Chennai) in the next few months, it said in a statement.
These branches will further enhance our capability to better serve our clients in India and overseas," JPMorgan Chase Bank India MD and CEO Madhav Kalyan said.
JPMorgan will provide all existing products and services through these new branches, including cash management, trade finance and foreign-currency payments.
At present, the bank serves its clients from Mumbai branch.
4. Equitas gets final RBI nod to start small finance bank
Equitas Holdings Ltd has received final licence from Reserve Bank to launch a Small Finance Bank (SFB) and will commence operations in few months with a network of around 400 branches.
"The SFB, to be named Equitas Small Finance Bank Ltd (Equitas Bank), will start banking operations after receiving few other approvals from various departments of RBI and other agencies," the company said in a release.
The company hopes to start operations in the next few months with a network of around 400 branches, which would be established through the year.
The company added that in June, the Madras High Court had approved the amalgamation of Equitas Micro Finance Ltd (EMFL) and Equitas Housing Finance Ltd (EHFL) with Equitas Finance Ltd (EFL).
With amalgamation coming into effect, Equitas Finance Ltd will be named as Equitas Small Finance Bank which will carry on the business of banking, said the release.
Chennai-based Equitas Holdings lends to individuals, micro and small enterprises that are underserved by formal financing channels.
5. 'Casino' actor Stuart Nisbet dies at 82
Actor Stuart Nisbet, best known for his role in the 1995 film "Casino" has died aged 82.
The character actor was best known for his role in the Martin Scorsese's directed crime drama "Casino" and had also appeared in the 1967 film "In The Heat of the Night" and "The Fabulous Baker Boys" (1989).
Nisbet has more than 170 accomplishments and he was the familiar face on TV series like "The Virginian", "The Client" and "Baywatch".
One of the first professional acting assignment for Nisbet came when he played Mr. Wade on the 1960s CBS sitcom "Dennis the Menace".
He was the former President of the Nesbitt/Nisbet Society of North America and a prolific film and television character actor of Scottish ancestry. His career spanned almost six decades.
6. SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr
State Bank of India (SBI) has sold 5 per cent stake in bourse NSE to Mauritius-based Veracity Investments for Rs 911 crore, valuing the exchange at over Rs 18,200 crore.
The bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs 4,050 per unit to Veracity Investments totalling Rs 911.25 crore, SBI said in a regulatory filing.
The transaction comes at a time when NSE is discussing a possible public offer and listing. Recently, it said draft paper for domestic listing will be filed with Sebi by January 2017.
"Post this transaction, SBI holds 5.19 per cent stake in NSE while our subsidiary SBI Capital Markets Limited holds another 4.33 per cent in the NSE," it said.
Earlier this year, IDBI Bank had sold 2 per cent stake in NSE to countrys largest insurer LIC.
NSEs other major shareholders include LIC (12.51 per cent), Stock Holding Corporation of India (5 per cent), IDFC (3.90 per cent) and many investment firms.
