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Bank GK Updates May 20 - May 31 2018
 

Bank GK Updates May 20 - May 31 2018

TestFunda ,  31-May-18
SBI alerts branches of Iran, Russia pitfalls 
Banks > SBI > May 31

The country’s largest lender State Bank of India has alerted all its offices on the pitfalls of dealing with companies carrying out trade with Russia and Iran which are battling US sanctions. 



SBI set to drag Mallya to UK bankruptcy court 
Banks > Mallya > May 31

State Bank of India, the country’s largest lender, is set to initiate bankruptcy proceedings against fugitive businessman Vijay Mallya in the UK to mount additional legal pressure on him for the recovery of loans, two people aware of the plan said. 


Sudha Balakrishnan appointed first CFO of Reserve Bank of India 
Banks > RBI > May 31

NSDL executive Sudha Balakrishnan has been appointed the first ever chief financial officer (CFO) of the Reserve Bank of India (RBI) effective May 15, in what is the biggest organisational change since Urjit Patel took over as RBI governor in September 2016, three people familiar with the information said. 


PNB scam: ED attaches Nirav Modi’s assets worth ₹171-crore
India > Naxal > May 23

The Union Cabinet on Wednesday sanctioned the installation of 4,072 mobile phone towers in 10 Left Wing Extremism-affected States to improve connectivity. The cost is put at ₹7,330 crore.


Nod for 4,072 mobile towers in 10 Naxal-hit States
India > Naxal > May 23

The Union Cabinet on Wednesday sanctioned the installation of 4,072 mobile phone towers in 10 Left Wing Extremism-affected States to improve connectivity. The cost is put at ₹7,330 crore.


EC to launch app to help voters share malpractice proof
India > EC > May 22

The Election Commission will launch a multi-lingual mobile application empowering people across the country to share evidence of malpractice by political parties, their candidates and activists ahead of the 2019 Lok Sabha polls, directly with the electoral body.

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