India To Consolidate 35 Overseas Branches Of State Banks - Finmin
The Central government will consolidate 35 overseas branches of State-run lenders, with 69 more under review, the financial services secretary Rajeev Kumar said in a tweet on Thursday.
The government will also examine and shut down all non-viable offshore operations of state banks to cut costs, he said in the tweet, adding the government will also consolidate equity stakes in joint ventures having multiple state-run bank partners.
Indian banking system has come under renewed scrutiny after a recent $2 billion fraud in Punjab National Bank, the country's second biggest state lender.
Nearly Half Of Gen Z Doesnt Know What Affects Their Credit Score, According To New USAA Report
Study Reveals Gaps in Young Adults’ Credit Knowledge and Optimism for Financial Growth Read more
USAA Stands With Our Communities To Provide Support Amid Devastating Texas Floods
Association commits $500,000 and activates employee volunteers to support Read more
USAA To Expand Workforce In Chesapeake To Support Growing Membership
Company adding more than 500 employees in the area over the next two years Read more
USAA Advocates For Safe Driving Habits During 100 Deadliest Days Of Summer For Teens
New Safe Driving Simulator virtual experience helps drivers identify bad habits ahead of summer travels Read more
USAAs Poppy Wall Of Honor® Returns To National Mall For Sixth Year To Honor And Remember Fallen Service Members
Enhanced experience provides immersive storytelling to illustrate all that was given in service to our country Read more
USAA Appoints Brian Goldman As Chief Risk Officer
USAA announced today the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27. Read more