SKS Micro inducts Ranjana Kumar on board

SKS Microfinance Ltd has informed BSE that Ranjana Kumar has been appointed as an independent director on the company's board with effect from March 8.

Ranjana Kumar served as the Chairperson of Indian Bank and Nabard. She also held the constitutional post of Vigilance Commissioner in Central Vigilance Commission.


Source: thehindubusinessline

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First all-woman post office opened

The government today opened the country’s first all-women post office here and announced plans to open more such branches completely operated by women employees.

“In coming days, I believe there will be more all-women post offices across country for convenience of women,” Telecom and IT Minister Kapil Sibal said.

While inaugurating first ‘All Women Post office’ in the country on the eve of International Women’s Day, he said the new post office branch will be completely operated by women employees and provide all facilities that are available at any other post offices.

“This is first office in the country where all employees will be women. The government is looking into problem faced by woman and this is just a symbolic step,” Sibal said.

In the Union Budget government announced to set up an all-women bank by October-end.

P Gopinath, Secretary, Department of Posts, said the department has plans to have one such post office in every metro city and subsequently include all the large towns particularly where there are lot of working women.

“There is different comfort level when women interact among themselves. Keeping all this in mind we will open post offices in places where there are large number of women. We have identified Mumbai, Chennai, Chandigarh, Lucknow, Hyderabad and Bangalore to start with,” she said.

Gopinath added that the department will open more women post offices in old Delhi area within fortnight.


Source: thehindubusinessline

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New admin building of Syndicate Bank inaugurated in Kolkata

Ravi Chatterjee, Executive Director of Syndicate Bank, recently inaugurated the bank’s new administrative building at Anandpur on Eastern Metropolitan Bypass.

The bank’s administrative building was previously functioning from Shakespeare Sarani, said a press statement issued by the bank.

Later during the day, Chatterjee addressed the city branch heads and reviewed the region’s performance in the backdrop of achieving bank’s set target of 3.5 lakh crore business by March 31, 2013.


Source: thehindubusinessline

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Issue intl debit/credit cards only on demand: RBI

At present, almost all banks issue cards that have international acceptability so much so that if one goes abroad and wants to withdraw, say, US dollars, one can do so.

To minimise misuse of such cards, the Reserve Bank of India has asked banks to withdraw this automatic facility and replace it by on-demand facility by June 30, 2013.

In other words, from July 1, 2013, cards issued in India will not function abroad unless it has been activated specifically for international withdrawals and payments to parties abroad at the specific request of the accountholder.

The RBI has also asked banks to convert all cards used outside India at least once to EMV chip based if they are magnetic stripe based.

These and other precautions have been mandated by June 30, 2013, in the interest of protecting accountholders, especially from the evil designs of those sitting abroad who by the very nature of their operations and distance defy tracing otherwise.


Source: thehindubusinessline

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Central Bank rolls out scheme for women

Central Bank of India has opened a women entrepreneur cell in Mumbai. The bank has also launched a new scheme — Cent Kalyani — to encourage women to start their own manufacturing/service enterprises, M. V. Tanksale, CMD, said here on Friday. Loans of up to Rs 1 crore will be given and there is no need for collateral security or third-party guarantee.


Source: thehindubusinessline

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