The Maharashtra State Co-operative (MSC) Bank, plans to enter the retail banking sector and compete with the private sector. It has proposed a new policy of merging urban cooperative banks (UCBs) as well or only some branches of UCBs in some cases.
Cooperative Credit Societies Act, 1904 led to cooperative bank.
SBI to introduce comprehensive wealth business services for its clients. The bank has re-branded its wealth business as “SBI Wealth” offering best-in-class personalized banking and investment services to its elite High Net worth Individual.
SBI is the first PSU bank in the country to introduce Wealth Hub
The RBI permitted banks to use government securities equal to their incremental outstanding credit to NBFC's, over and above their outstanding credit to them to be used to meet liquidity coverage ratio requirements.
NBFC’s provide financial and banking services.
India, Japan, and the U.S. are set to elevate the bilateral ‘Cope India’ air exercise to a trilateral format. The three countries already conduct naval war games under the expanded Malabar naval exercise.
“Cope India” is an Air Force exercises between the Indian and US
A mountaineering expedition to two virgin peaks in Gangotri glacier, which are to be named after former Prime Minister Atal Bihari Vajpayee, successfully concluded with two teams scaling the peaks.
Gangotri glacier is a primary source of Ganga river.
Defence ministers from the ASEAN grouping are set to ink the world's first multilateral air guidelines on engagement between military planes.
ASEAN Defence Ministers' Meeting held recently in Singapore.
An Indian-American woman Minal Patel Davis has been honored with a Presidential award by U.S. Secretary of State Mike Pompeo for her extraordinary contribution towards combating human trafficking in Houston.
Patel is Special Advisor on Human Trafficking to Houston Mayor.
JSW Steel CMD Sajjan Jindal was elected as treasurer of World Steel Association (WSA). He was appointed for a one-year period (2018/2019) by Board of Directors of WSA at World steel General Assembly held in Tokyo, Japan.
T.V.Narendran and L.N.Mittal appointed as members of WSA.
The seventh meeting of education ministers of member states of the Shanghai Cooperation Organization (SCO) was held in Astana, the Republic of Kazakhstan. State Minister of Human Resource Development, Satyapal Singh attended it.
India and Pakistan officially joined SCO as full members in 2017
The National Commission for Women (NCW) has come out with a dedicated e-mail address to report instances of sexual harassment at the workplace after several such complaints were made to the body by women under the #Metoo movement on social media.
NCW is a statutory body.