RECENT BANK NEWS 2020

❣๐Ÿš❣RECENT BANK NEWS 2020❣๐Ÿš❣

1 Axis Bank has signed a agreement with Max Financial Services Limited (MFS) to buy 29% stake in Max Life Insurance Company.
 
2 All branches of Oriental Bank of Commerce and United Bank of India is operating as branches of Punjab National Bank.
 
3 All branches of Andhra Bank and Corporation Bank is operating as branches of Union Bank of India.
 
4 All branches of Syndicate Bank is operating as branches of Canara Bank.
 
5 Punjab National Bank has unveiled a new logo before its merger with the Oriental Bank of Commerce (OBC) and the United Bank of  
India (UBI).
 
6 Union Finance Minister Nirmala Sitharaman announced a big consolidation of public sector banks in 2019. As per the scheme of  
amalgamation 10 public sector banks merged into 4 banks. 
 
7 HDFC Bank will facilitate Micro, Small and Medium Enterprises (MSMEs) with emergency working capital of up to Rs 1 crore.
 
8 Airtel Payment Bank has partnered with Bharti AXA General Insurance to launch a COVID-19 insurance policy.
 
9 RBL Bank has ties-up with Zomato to launch co-branded credit card powered by Mastercard.
 
10 Paytm Payment Bank will issue virtual debit cards to customers.

11 Jana Small Finance Bank has launched ‚DigiGen‛ a digital banking platform where customers can digitally open a savings account and fixed deposit instantly, any time, anywhere.
 
12 R V Verma has been appointed as Non-Executive Chairman of AU Small Finance Bank.
 
13 RBI launched a twitter campaign urging bank customers to adopt digital modes of payment that are convenient and safe. Amitabh  
Bachchan is the face of campaign.
 
14 M S Mahabaleshwara is the MD and CEO of Karnataka Bank.
 
15. YES Bank has announced the extension of its strategic bancassurance partnership with the Max Life Insurance.

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