Page 20 - Banking Finance AUGUST 2015

NEWS FLASH

NEWS FLASH

D HSBC set to slash 50,000 Jobs D E-commerce to grow at 10-15% annually

D Calm India likely to merge with Vedanta, pare debt D Mutual funds log Rs1 L-cr inflows in April-May

D Airlines reduced losses by 30% in 2014-15 CAPA D Filing cases easier Neem Coating of 75% Domestic

D Bank of Maharashtra Awards the Dr.Babasaheb Urea Now Must

Ambedkar Trophy to the Khamgaon Branch D Panel formed to suggest changes to Companies Act

D Bank of India launched "BOI Payment Gateway" on D No tax on foreign firms' dividends outside India

16th April 2015 D Federal Bank launches 'Scan N Pay' service

D SBI provides a Multi Utility Outpost on Marathahall D Powergrid PAT crosses Rs.5,000 crs
Bridge
D United Bank employees lead a 'Silent March'
D Power tariff hiked in Delhi upto 6%
D Corporation Bank opens 2300th branch at Gurgaon
D Japan's Softbank announces $20bn Solar project in
D SBI launches 'HER GHAR HER CAR' campaign
India

D Yoga to be compulsory in all central government D Central Bank and NSIC sign MoU

schools D BOI organizes woman officer's conclave

D 6.5 lakh people gave up LPG subsidy D BOM contributes Rs125 crs towards CSR

D Banks can now take ownership of stressed firm D BMB inaugurates 62nd branch in Noida

D RBI blames regulatory vacuum for ponzi schemes D Bank of England confirms EU exit research after email

D Vikram Solar wins 'Solar Module Exporter of the Year' misfire

award D Govt to include criminal provisions in Ganga law

D TCS CEO's salary up 14% to Rs.21.3 cr in 2014-15 D Govt cancels licences of 2,406 NGOs

SBI unveils Online Customer Acquisition Solutions (OCAS)

State Bank of India launched the Online Customer Acquisition Solutions (OCAS), an online plat-
form to apply for home, car, education and personal loans. The said application will help cus-
tomers judge their eligibility and get quotes tailored to their requirements. The customer will
instantly get an e-approval on filing the online forum.

Customers can even upload all necessary documents online, reducing the processing time of their
loan. A mobile application will shortly be launched as well. India is witnessing one of the highest growth rates of internet
users and to cater to this segment, SBI has customized this platform for an enhanced customer experience, SBI has
been enthuriastic over its technology platform, in an attempt to change the way public sector banking is viewed.

20 | 2015 | AUGUST | BANKING FINANCE