Tags Posts tagged with "Indian Overseas Bank"

Tag: Indian Overseas Bank

Indian Overseas Bank implements NPCI’s Bharat Bill Payment System   

Public sector lender Indian Overseas Bank has started implementing Bharat Bill Payment System, which is introduced by the National Payments Corporation of India (NPCI). Bharat...

EPFO partners with 5 banks for PF dues collection

To ensure a better mechanism for dues collection, Employees Provident Fund Office (EPFO) has partnered with five banks. The venture with Bank of Baroda, ICICI...

Govt most likely to proceed with PSU bank merger: Arun Jaitley

The central government has said it is examining every possibility to proceed further with the merger of the public sector banking space without waiting...

‘Making Digital India Become A Reality’

Digital India is centered on three vision areas, first, is access to digital infrastructure to every citizen, second, is providing services on demand and...

Universal Sompo General Insurance elevates Rajiv Kumar as MD & CEO

Universal Sompo General Insurance Co. Ltd announced that Rajiv Kumar has been appointed as the new Managing Director & Chief Executive Officer. Universal Sompo General Insurance...

United Bank of India gets Rs 608 crores from Govt

United Bank of India (UBI) has received Rs 608 crores from the central government  through preferential allotment of equity shares. The Union Ministry of Finance...

Government funding saves PSBs

It seems a timely help by the central government has come as a relief for the Public Sector Banks (PSBs). It may be noted since...

Finance Ministry to invest Rs5,000cr into PSBs

The Ministry of Finance will invest Rs500cr in public sector banks (PSBs) to boost their capital. However, it will depend on improvements in performance...

IRDA wants banks to share ‘Bancassurance’ mis-selling responsibility

The trend of selling insurance products through commercial banks, or Bancassurance, may be at risk, as the Insurance Regulatory & Development Authority of India...

Govt splits CMD’s post, names chiefs for 4 PSU banks

The government has separated the post of chairman and managing director/CEO of public sector banks (PSBs). “Henceforward, in the new appointments of PSBs other than...