1. Oriental Bank launches wallet ‘Batuaa’
1.On the occasion of its 75th Foundation Day, Oriental Bank of Commerce (OBC) has come up with several digital offerings including launch of mobile wallet ‘Oriental Batuaa’.
2.Besides introducing a new version of mobile banking, OBC has also launched two new cards.
3.Oriental Premium card is a RuPay based Platinum international debit card.
2. GST approves law to Compensate loss
1.GST Council approved a law to compensate states for any loss of revenue from the implementation of new national sales tax.
2.After laws are approved, the Council will get down to fixing rates of taxes for different goods and services by fitting them into the four approved slabs of 5,12,18 & 28%.
3.The GST Council will meet again on March 4 & 5 to approve the legally vetted draft.
3. Ranganathan, Mehta appointed Non-Official Director in IOB, PNB
1.T C A Ranganathan and Sunil Mehta were appointed as Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.
2.The Appointments Committee of Cabinet has cleared their appointment as Non-Official Director/Non-Executive Chairman in the respective banks for a period of three years.
3.Mehta’s appointment is subject to a condition that he needs to resign from the board
4. AIBOC state meet on Feb 25, 26
1.The All India Bank Offcers Confederation (AIBOC) will hold its 10th triennial state conference on February 25 and 26 at Kozhikode.
2.Elamaram Kareem, National Secretary, CITU, will open the inaugural session on February 25.
3.Around 500 delegates are expected to attend the event, said Abraham Shaji John, State Secretary, AIBOC.
5. Canara Bank’s rights issue to open March 2
Canara Banks Rs. 1,124 crore rights issue will open on March 2 and the proceeds will be utilised to fund business growth. The bank will issue over 5,42,99,105 equity shares of face value of Rs. 10 each for cash at Rs. 207 per scrip.
6. SBI rebrands its corporate website as ‘bank.sbi’
1.The country’s largest lender State Bank of India (SBI) has rebranded its corporate website as “bank.sbi” from the earlier sbi.co.in.
2.Bank.sbi is the highest domain protocol, known as generic top level domain (gTLD).
3.The adoption of TLD enables an organisation to use its corporate name – .sbi – as their website’s top-level identifier, instead of using a more traditional “.com” or “.co.in” domains, SBI said in a statement on 21 Feb 17.
7. Karnataka Bank has signed MoU with Daimler India Commercial Vehicles Pvt Ltd (DICV).
1.Karnataka Bank Ltd has entered into a memorandum of understanding with Daimler India Commercial Vehicles Pvt Ltd for extending finance to customers for the purchase of commercial vehicles manufactured by the company.
2.Quoting P Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, the release said the MoU is one more proactive step initiated by the bank to extend finance to clients in segments such as MSME to purchase commercial vehicles.
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