Cent gov infuse 1248 cr in PNB capital infusion plan of 12,517 cr in 10 state
owned banks by mar 2013. 681cr in UCO Bank.United Commercial bk.
SS Mundra appointed as CMD of BOB by gov, who was prev exec director of union bank. SBI has set up BY INVITATION ONLY branch-first branch in Hyderabad in 2010 as Kohinoor Banjara. For NRIs and Super rich customers. Has personal banker to each client. Cabinet Committee on Economic Affairs (CCEA)chaired by Dr Manmohan singh permits NIF(National Investment Fund 2005)to buy shares of public sector enterprise.The Fund wud be maintained outside consolidated fund of india. Axis bk offers e-gift card service.
World bk cuts global growth estimates to 2.4% from 3%. Forecast for developing countries 5.5% 2013 from 5.9% in june 2012. 5.7% 2014, 5.8% in 2015 Advanced economies growth rate reach 1.3% in 2013, 2% in 2014, 2.3% in 2015. Bank called on developing countries to focus on Internal Productivity enhancing policies.
RBI introduces Dollar Rupee swap facility. To increase flow of credit to exp sector to support Pre-shipment export Credit in Foreign Currency(PCFC).Tota l limit f or banking systems is 6.5$billion RK Dubey app as CMD of Canara bk. 25 RRB merged into 10.Committee chaired by deputy governor K C Chakrabarthy. Central share in RRBs 50%,sponsor bk 35%,state gov 15%.Merger took place in Bihar, Rajasthan, MP, UP, Karnataka, Orissa, Uttarakhand.
Central gov infuse 3004,cr in SBI as part of capital infusion plan in current fiscal.Last time it was 7900cr in 2012 after which gov stake in SBI went fron 59.4% to 61.58%
President Panab Mukerjee gave assent to 3 laws Prevention of money laundering bill, banking laws bill, Enforcement of security interest and recovery of debts law. Corp bank introduces Corp RuPay Aadhaar card.
Raj Kumar Goyal new ED of Central Bank of India.who has replaced R K Dubey Allahabad bk signs Mou with CIMSME (Chamber of Indian Micro, small and Medium enterprise to prop up priority sector lending.