IDBI Federal Life Insurance launches its ‘Dream Builder Plan’

New Delhi, June 13, 2018: India’s leading private life insurance company, IDBI Federal Life Insurance today announced the launch of its ‘Dream Builder Plan’, a non-linked, non-participating life insurance plan. The policy will ensure Guaranteed Annual Payouts which are a defined percentage of the Maturity Sum Assured and which will be paid out in the last 3 years of the […]

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SBI Card customer base crosses 6 million

Bhubaneswar, May 16, 2018: SBI Card, one of the country`s leading credit card issuers, has grown its cardholder base to over six million by garnering fastest ever growth in its card volume. The company added over one million customers in 6 months, between September 2017 and February 2018,thus consolidating its position as the second largest […]

ICICI Bank to Issue Common Payment Card Solution for Bhubaneswar

By Odisha Story Bureau, Bhubaneswar: Government of Odisha, on Monday, the 4thof September 2017, approved selection of ICICI Bank as the successful financial institution for implementation of Common Payment Card System in the city of Bhubaneswar. ICICI Bank, as the implementing agency will be making an investment of approximately Rs. 20 Crores for the city […]

Know Your New 200 Notes

By Odisha Story Bureau, Bhubaneswar: RBI to issue new 200 bills tomorrow As The Reserve Bank of India (RBI) announced to issue the first-ever 200 INR denomination banknotes tomorrow, here are few features about this new bill, you would like to know. This is the first ever 200 INR note in the history. The base colour of this note is bright […]

RBI May Receive Old Notes Again!

By Odisha Story Bureau, New Delhi: SC gives Centre, RBI time to devise plan for depositing old currency Possibilities of depositing demonitised currency bills in India surfaced again after a supreme court instruction today. The Supreme Court has given the Centre and the Reserve Bank of India two weeks of time to consider the option of depositing old Rs […]

Repatriation Fiasco: Ex Banker Writes to UCO Officer’s Federation

By Odisha Story Bureau, Bhubaneswar: Retired Banker Pritish Basa’s open letter to AIUCBOF General Secretary UCO Bank dishonors its written commitment Management has assumed tremendous power to crush and crumple the concept of Bilateralism Management should call AIUCBOF for discussion and find a way out of this mess Union members are highly frustrated, disillusioned and have lost faith […]

New banking ordinance a welcome step, but inadequate: CSE

By Odisha Story Bureau,  New Delhi: Must consider environmental and social risk management for reducing the number of non-performing assets (NPAs) Measures employed by the RBI and the Ordinance suggest that focus is more on reactive rather than proactive approaches Delay in obtaining project-related approvals is mainly due to inadequate project planning, gaps in environmental […]

Bank robbers thrashed to death by villagers

By Odisha Story Bureau, Nayagarh: In a bold act, two robbers were thrashed to death and another was critically injured by villagers when the trio were fleeing with cash from Kasanda Canara Bank branch under Ranpur police station limits in Nayagarh district. The incident happened at around 3 pm yesterday when three unidentified armed robbers came in […]

Sub-committee Meeting of SLBC on MSME & Skill Development

By Odisha Story Bureau, Bhubaneswar: Sub-committee Meeting of State level Bankers’ Committee(SLBC) on MSME(Micro, Small & Medium Enterprises) & Skill Development was held at Directorate of Export Promotion & Marketing, Bhubaneswar under the Chairmanship of Sri L. N.Gupta, Principal Secretary to Government, MSME Department. Presiding over the meeting Sri Gupta called upon the bankers to […]