CURRENT AFFAIRS

Detailed explanation-1: -Shri J Venkatramu With over 24 years of work experience in various functions of banking with core competence in the areas of Business Strategy, Product Development and Digital Financial Services with a deep understanding of technology as an enabler.

Detailed explanation-2: -Paytm Payments Bank receives RBI nod to appoint Surinder Chawla as Managing Director and CEO. Our associate Paytm Payments Bank has received the Reserve Bank of India’s approval to appoint veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO).

Detailed explanation-3: -India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India. IPPB was launched by the Prime Minister Shri Narendra Modi on September 1, 2018.

Detailed explanation-4: -With this partnership, HDFC Bank aims to further strengthen its financial inclusion drive by leveraging the robust and extensive distribution network of IPPBs 650 branches and over 136, 000 banking access points across India.