BFSI Weekly Newsletter: March 3, 2015, Volume 02, Issue 09
Engagement Platform to chart the growth path for banking, financial services and insurance industry in India.

Stay abreast with Challenges, Innovations and Opportunities in the BFSI sector.
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Ranjan Dhawan gets additional charge as MD of Bank of Baroda
The Government has given additional charge of Managing Director and CEO of Bank of Baroda (BoB) to Ranjan Dhawan,the senior most executive director at the bank. Read More
Bank unions, IBA agree on 15% hike in salaries
The wage revision would benefit about 8.5 lakh employees and officers in 45 banks, including old generation private sector banks and a few foreign lenders. Read More
 

Steps taken for banking and finance sector

Amid sky-high expectations, Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Februrary 28.
Govt plans to inject $1.3 billion into state banks in FY16
Govt to set up Micro Units Development Refinance Agency or Mudra Bank for SC/ST entrepreneurs
Postal Department to use its network for proposed Payment Bank
Finance Minister Arun Jaitley proposes autonomous banks board bureau
 
Budget at a Glance
Law under FEMA on capital account transactions to be amended
Investment in infrastructure to go up by Rs. 70, 000 crore
Health insurance premium deduction limit increases to Rs. 25,000
Govt to set up public debt management agency
 
Offering New-Age Banking Experience

Samsung can help BFSI sector meet the growing demands of digitally-savvy customers by providing the 'New Finance Experience'

Sukesh Jain,
Vice President, Enterprise Business Division, Samsung India
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