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Accordingly, the research and development activities of the institute aim at improving banking technology in India. While addressing the immediate concerns of the banking sector, the research at the institute also focuses on anticipating the future needs and requirements of the banking sector and developing technologies to address them.
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b).
Anandamela (আনন্দমেলা) – fortnightly magazine (5th & 20th of every month) Desh magazine (দেশ) – fortnightly magazine (2nd & 17th of every month) Grihshobha (গৃহশোভা) – biweekly women's magazine; Sananda (সানন্দা) – women's magazine
Aaj Tak was the first news channel in India to use OB vans. [4] By the time the channel came into existence, it had a reach of 52 lakh households. It now broadcasts to three crore households and its viewership in news channels is 56%. [3] On 14 December 2018, Aaj Tak launched India's first Hindi high-definition channel, Aaj Tak HD. [1]
Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. [2] Founded in Allahabad in 1865 and nationalized by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020. It was the oldest still running joint stock bank in India until ...
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
This event called into question the previous banking policies of India and triggered the era of economic liberalization in India in 1991. Given the rigidities and weaknesses had made serious inroads into the Indian banking system by the late 1980s, the Government of India, post-crisis, took several steps to remodel the country's financial ...
Presently the Banking Ombudsman Scheme 2006 (As amended up to 1 July 2017) is in operation. [1] From 2002 until 2006, around 36,000 complaints have been dealt by the Banking Ombudsmen. There are 22 regional offices of Banking Ombudsmen in India. The latest offices are opened in Jammu, Raipur, Mumbai-II & New Delhi-III. [citation needed]