The Reserve Bank of India, Kanpur has set up a financial literacy camp at the ongoing Kanpur Mahotsav at Motijheel Ground with an objective to acquaint common people with its role and functions. The camp aims to apprise the common masses about various activities and the schemes of RBI, like banking Ombudsman scheme, young scholar scheme, summer placement scheme, non-banking financial companies etc. The camp aims to create public awareness on salient features of a genuine currency note. The public and the visitors to the stall are also being apprised about due diligence to be taken while depositing money with non-banking financial companies. Financial literacy material was also distributed among the public. In coordination with SBI, Motijheel branch, exchange facility for fresh notes and coins has also been provided to the public.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
Monday, December 6, 2010
V.Kannan - Executive Director of Oriental Bank of Commerce
V.Kannan assumed charge as Executive Director of Oriental Bank of Commerce. Prior to this, he was General Manager, Bank of Maharashtra, where he started his career in 1976.
Money transfer at your fingertips
The days of writing cheques were long past passe. Till recently, the easiest way to transfer money was through Internet or phone banking. The entire process took another step forward last week--now you can transfer money through your cellphone. The National Payments Cor- poration of India (NPCI) has launched an inter-bank mobile payment service (IMPS), which will enable savings account holders to transfer money to another account within the country using their cellphone.
Is it available to all? To avail the facility, it is man- datory that the bank in which you hold an account and the one in which the beneficiary has an account are linked to the IMPS. Currently, seven banks have gone live with the system-- State Bank of India, ICICI Bank Ltd, Union Bank of India, Bank of India, HDFC Bank Ltd, Axis Bank Ltd and Yes Bank Ltd. Seven more are in the process of going live and several others are in the preliminary phase.
Is it available to all? To avail the facility, it is man- datory that the bank in which you hold an account and the one in which the beneficiary has an account are linked to the IMPS. Currently, seven banks have gone live with the system-- State Bank of India, ICICI Bank Ltd, Union Bank of India, Bank of India, HDFC Bank Ltd, Axis Bank Ltd and Yes Bank Ltd. Seven more are in the process of going live and several others are in the preliminary phase.
Subscribe to:
Posts (Atom)