RBI released a framework for TAT for failed transactions & compensation for customers. The bank will have to pro-actively reverse failed transactions within a max of T + 5 days of failed transaction & compensation will be paying ₹100/day to the a/c holder.
IMPS,UPI - Banks should reverse failed transactions within a day
IDBI Bank's Board of Directors has approved the appointment of Samuel Joseph Jebaraj as Deputy MD for a period of 3 years. It is the 1st major appointment on the Bank’s Board after the acquisition with LIC. He replaced KP Nair who superannuated in May 2019
He joined the Export-Import Bank of India (Exim Bank) in 1998.
Defence Minister Rajnath Singh will commission the newly built Scorpene-class submarine INS Khanderi. The submarine was handed over to the Navy by Mazgaon Dockyard Ltd. It is the 2nd of the project 75 submarine built at MDL.
Karambir Singh is the Chief of the Naval Staff.
Bank of Baroda launched its agri digital platform ‘Baroda Kisan’. It can be accessed on mobiles by farmers. The portal will cater to the services including weather forecasts, crop conditions, the moisture levels of the soil, information on crop worms etc.
Bank launched centralised hubs at Gandhinagar & Hyderabad.
Prime Minister Narendra Modi will gift ‘Gandhi Solar Park’ to the United Nations at the Climate Action Summit 2019 in New York. The 50-kilowatt hour roof-top solar park comprises of 193 solar panels—each representing a member of the multilateral body.
India plans to reduce its carbon emissions by 33-35% by 2030.
Max Bupa has announced a bancassurance corporate agency agreement with Indian Bank. As part of the tie-up, Max Bupa’s offerings will include both retail and group health insurance products besides Indemnity and Fixed Benefit products.
Ashish Mehrotra - MD & CEO of Max Bupa Health Insurance.
The Chairman of Karnataka Bank Ltd, P Jayarama Bhat, has been elected as the Chairman of the governing board of Southern India Banks’ Staff Training College, Bengaluru. He will hold the post for a period of three years from 2019-2022.
SIBSTC was inaugurated by Dr RK Hazari, Deputy Governor of RBI.
The former Rangers and Netherlands player Fernando Ricksen has died at the age of 43. He spent six trophy-laden seasons at Ibrox having initially joined several other Dutch players under manager Dick Advocaat in the summer of 2000.
Ricksen won 12 caps and was signed by Rangers from AZ Alkmaar.
Delhi CM launched ‘Champions campaign’ in the fight against dengue & urged people to encourage their friends to inspect their homes to clean stagnant water. The drive will ensure the citizens are encouraged to take responsibility for their fellow citizens.
Delhi Governor – Anil Baijal.
IndiGo has approved the appointment of advocate Pallavi Shardul Shroff as an independent woman director in the company. She is currently also a director on the boards of Indian listed companies like Apollo Tyres Ltd., Trident Ltd. and Asian Paints Ltd.
She is also on the Boards of One97 Communications Ltd.
As per Film Federation of India (FFI), Zoya Akhtar’s Gully Boy, with protagonist Ranveer Singh as an aspiring rapper, has been selected as India’s official entry in the International Feature Film category at the Oscars.
FFI president- Firdausul Hasan.