Saturday, March 29, 2014

In India, the facility of electronic transactions would continue till midnight on March 31, 2014



            Reserve Bank of India, in a Press Note, said all designated branches of agency banks and RBI Offices conducting government business will keep their counters open for extended hours on Saturday, March 29, and Monday, March 31, 2014 till 8.00 p.m.
            31/03/2014 is a Bank Holiday in the states of Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu and Goa. Hence the arrangement will apply in these states.
On Sunday, March 30, 2014, and on Monday, March 31, 2014 (at places where holiday under the Negotiable Instruments Act has been declared), agency banks would keep select branches open for transacting government business at locations identified by them based on volume of transaction
            The extended hours are to greater convenience to tax payers, and facilitate government receipts.

Arrangements have also been made to conduct special clearing operations across the country. Centralised payment systems, such as, Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) will also be operational on these three days (from March 29, 2014, to March 31, 2014).

Saturday, March 15, 2014

The Ratnakar Bank Limited (NH4 Bank) is now RBL Bank


In 2010, Ratnakar Bank did the unthinkable, it purchased of some of Royal Bank of Scotland's India portfolio for an undisclosed amount, could hardly be described as an old-generation bank.
            In 2014, the bank christened itself as RBL Bank, with a brand new logo too.
The 2010 deal was driven by a team of professionals recruited mostly from foreign and other big private banks.
            Till 2010, Ratnakar Bank was known as ‘The Kolhapur-based lender or NH4 Bank’,  since a majority of its business comes from cities in and around the 1,235-kilometer-long National Highway that connects four of the 10 most populous cities in India from Pune to Chennai,
The new management team was led by Its chief, Vishwavir Ahuja, is the former CEO of Bank of America's India business; head of strategy and markets, Rajeev Ahuja, joined from Citi, and head of corporate and institutional banking, R Gurumurthy, has worked with Standard Chartered Bank. The senior leadership team also consists of professionals who have worked with Deutsche Bank, Bharti AXA Life Insurance and YES Bank.
The bank is backed by a host of domestic and global investors - HDFC, Norwest Venture Partners, Aditya Birla Private Equity and Samara Capital, to name a few - and is no less aggressive than some of its new-age counterparts.
The guiding principle of its future plans will be a strategy called NH4 to NH8. In essence it includes opening new branches in the hinterland along National Highway 8 and increasing its footprint outside of Maharashtra, Karnataka and Goa to the National Capital Region (NCR), Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Andhra Pradesh, Rajasthan and Daman & Diu. Some success has already started coming its way. The bank's corporate banking revenue from NCR now accounts for almost a third of its wholesale banking business.

An interesting tag line of RBL Bank is ‘We offer Point-of-Service facility for KYC compliance - we can come to you!’

Thursday, February 27, 2014

What did I learn from Robin Sharma’s 60 TIPS FOR A STUNNINGLY GREAT LIFE?



            Over the last couple of days, I have been internalizing Robin Sharma’s 60 TIPS FOR A STUNNINGLY GREAT LIFE
            After going through the 60 tips, the top 3 which have had an impact are the following: -
  • Know the 5 highest priorities of your life: IA – These 5 priorities should be fixed, atleast for the next five years. Once the goal post is known, you can chart plans to move towards it. It does not matter, if the goal post keeps moving, as nothing in life is static. Just be sure that you always see the Goal Post. The Goal Post should always be visible in your sub-conscious mind.
  •  Eat less food: IA – Eat to Live and Live to Eat. Eating more food makes me drowsy.  I am most happy when I eat to 75% of my capacity and I am at my best.


  • Be a great teammate: IA – Nothing can be achieved by an individual. Successful leaders have great teams in the background, and a Leader has to be a great teammate to experience successes. 

Sunday, February 2, 2014

5 benefits of ICICI Bank Acer Iconia B1 Tablet Campaign


          Issuing Banks do not prefer OFUS ATM transactions, as they have to pay Interchange fees to the acquiring bank. Issuing banks always prefer that their account holders execute only ONUS transactions.
          
             If you visit icicibank.com, Hrithik Roshan greets you with an Acer Iconcia B1 Tab
          
             During the next couple of months, ICICI Bank customers stand to win one new Acer Iconia B1 tablet every day.
          
           The rules of the competition are very simple:
        
          A) ICICI Bank debit cardholders should Use only ICICI Bank ATM machines for all their transactions and conduct the highest value of prepaid mobile recharge transactions, amongst the transactions that day.
       
           B) Transacting at any other ATM will lead to disqualification.

       5 Benefits to ICICI Bank:
01)                  Encourage its customers to transact only at its ATMs.

02)                Visibility of its brand across Acer showrooms and office.

03)                Commission on prepaid mobile recharge transactions.

04)                Savings in interchange fees.


05)                Great motivational tool for new customers

Saturday, February 1, 2014

Unique Identification Authority of India (UIDAI) issues 56 crore Aadhaar Numbers


                As on 14 January 2014, UIDAI has crossed the issuance of 56 crore Aadhaar Numbers. It is fast racing toward its target of 60 crore Aadhaar Numbers in the next couple of months.

                In the recent past, on an average 13-14 lac Aadhaar numbers are being generated every day.

                UIDAI which was born in January 2009, the UIDAI issued the first Aadhaar Number on 29th September 2010, after completing necessary preliminaries including establishing various standards relating to collection of data and biometric information such as finger prints and iris images.

 UIDAI issued 25 crore Aadhaar Numbers in the period up to December 2012 at an average rate of almost one crore Aadhaars per month. During 2013, UIDAI issued a total of 29.1 crore Aadhaars at an average rate of over 2.4 crore Aadhaars per month.

Aadhaar Numbers generated State Wise on 30/01/2014
State
Sum
Andaman and Nicobar Islands
66
Andhra Pradesh
87405
Arunachal Pradesh
309
Assam
278
Bihar
52172
Chandigarh
1226
Chhattisgarh
21412
Dadra and Nagar Haveli
1352
Daman and Diu
104
Delhi
15884
Goa
153
Gujarat
267826
Haryana
68299
Himachal Pradesh
4413
Jammu and Kashmir
16669
Jharkhand
44185
Karnataka
178977
Kerala
21501
Lakshadweep
10
Madhya Pradesh
152910
Maharashtra
254888
Manipur
2290
Meghalaya
34
Mizoram
2
Nagaland
165
Odisha
115813
Others
15022
Puducherry
668
Punjab
48271
Rajasthan
127936
Sikkim
165
Tamil Nadu
179931
Tripura
1059
Uttar Pradesh
206647
Uttarakhand
15166
West Bengal
257431
Grand Total
2160639


LinkWithin

Related Posts with Thumbnails

Disclaimer

The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
All images, logos rights rest with the Original TitleHolders

All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant