Latest Banking & Finance News :: Useful For Upcoming Bank Exams
1.IDFC appoints Ajay Mahajan as its new Commercial and Wholesale Banking Head
- Leading infrastructure finance company IDFC today said it has appointed Ajay Mahajan as the Head Commercial and Wholesale Banking, in the bank structure to be launched later this year.
- "In this role, Mahajan will oversee coverage of SME, mid-cap and large corporates, financial institutions, government business and transaction banking, treasury and markets and investment banking," IDFC said in a statement.
- Mahajan has been already heading the Financial Markets Group at IDFC
- Global payment service provider Western Union tied up with mid-sized private lender Yes Bank for international direct-to-bank transfers. This will facilitate money transfers to bank accounts in India, through the NEFT as well as IMPS clearing systems.
- This collaboration with Yes Bank will allow consumers in the US, UK, Canada, Australia and many other countries, to send money directly to more than 900 million bank accounts in India. Keeping in mind government of India's focus to increase bank account penetration in the country through Jan DhanYojana and other such schemes, with this service Western Union is leveraging its global presence to facilitate the direct flow of remittances into bank accounts in India," Western Union said in a state ..
- Western Union president & CEO Hikmet Ersek
- Yes Bank managing director & CEO Rana Kapoor
- Retail broking firm HDFC Securities has appointed Dhiraj Relli as its Managing Director and CEO.
- Relli takes over this position from Aseem Dhru, who returns to HDFC BankBSE -0.46 % as Group Head - Business Banking, Rural, Commodity and Agri-lending businesses.
- Looking not to miss out on the e-commerce boom, private lender HDFC BankBSE -0.42 % today launched a mobile phone application, PayZapp, for online payments and money transfer.
- "PayZapp, a payment solution, will revolutionize the way payments and purchases are done on the go today using mobile devices.
- "Download this app and pay with one click for all your spends, from mobile phone top-ups to instant money transfers, bill payments, groceries, movie tickets.
- ICICI Bank, the country's largest non-state lender, has named MK Sharma its non-executive chairman. He will succeed KV Kamath, who will shortly step down from the bank's board after being nominated as the first president of the BRICS development bank.
- Sharma's appointment is with effect July 1 and for five years, the bank said in a note to the Bombay Stock Exchange.
- Sharma, a former vice chairman of Hindustan UnileverBSE 0.40 %, was an independent director on the ICICI Bank
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