BFSI Weekly Newsletter: August 18, 2015, Volume 02, Issue 32
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Govt announces revamp plan for PSBs
Finance Minister Arun Jaitley said the Government has taken various new initiatives and policy decisions to revamp the sector. Read More





No more hiring from private sector for PSB top jobs: Finance Ministry
Hiring of CEO and Managing Directors in public sector banks (PSBs) would be from the public sector talent pool. Read More
Over Rs. 20 cr mobilised in PMJDY accounts
Zero balance accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) have declined from 76% to 46.93% from September 2014 to July 2015. Read More
Federal Bank unveils app for opening bank account
The app is currently available on Android and iOS phones and will soon be available in windows and blackberry phones.Read More
The contactless cards contain a chip and radio frequency based antenna that is designed to make payments quicker, seamless and hassle free. Read More
State Bank of Travancore has launched a new mobile ATM in Thiruvanathapuram, Kerala. The mobile ATM also serves as an Information Kiosk. Read More


Financial Inclusion Moving on IT
Today, banking is the biggest user of technology, given its massive customer base awaiting mobility for the ease of banking. Read More

Abraham Chacko
Executive Director, Federal Bank
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