Cent gov infuse 1248 cr in PNB capital infusion plan of 12,517 cr in 10 state

owned banks by mar 2013. 681cr in UCO Bank.United Commercial bk.

SS Mundra appointed as CMD of BOB by gov, who was prev exec director of
union bank.
SBI has set up BY INVITATION ONLY branch-first branch in Hyderabad in
2010 as Kohinoor Banjara. For NRIs and Super rich customers. Has personal
banker to each client.
Cabinet Committee on Economic Affairs (CCEA)chaired by Dr Manmohan
singh permits NIF(National Investment Fund 2005)to buy shares of public sector
enterprise.The Fund wud be maintained outside consolidated fund of india.
Axis bk offers e-gift card service.

World bk cuts global growth estimates to 2.4% from 3%. Forecast for developing
countries 5.5% 2013 from 5.9% in june 2012. 5.7% 2014, 5.8% in 2015
Advanced economies growth rate reach 1.3% in 2013, 2% in 2014, 2.3% in 2015.
Bank called on developing countries to focus on Internal Productivity enhancing
policies.

RBI introduces Dollar Rupee swap facility. To increase flow of credit to exp
sector to support Pre-shipment export Credit in Foreign Currency(PCFC).Tota l
limit f or banking systems is 6.5$billion
RK Dubey app as CMD of Canara bk.
25 RRB merged into 10.Committee chaired by deputy governor K C
Chakrabarthy. Central share in RRBs 50%,sponsor bk 35%,state gov
15%.Merger took place in Bihar, Rajasthan, MP, UP, Karnataka, Orissa,
Uttarakhand.

Central gov infuse 3004,cr in SBI as part of capital infusion plan in current
fiscal.Last time it was 7900cr in 2012 after which gov stake in SBI went fron
59.4% to 61.58%

President Panab Mukerjee gave assent to 3 laws Prevention of money laundering
bill, banking laws bill, Enforcement of security interest and recovery of debts
law.
Corp bank introduces Corp RuPay Aadhaar card.

Raj Kumar Goyal new ED of Central Bank of India.who has replaced R K Dubey
Allahabad bk signs Mou with CIMSME (Chamber of Indian Micro, small and
Medium enterprise to prop up priority sector lending.