Bharatiya-Mahila-bank-BMB
1) Who on 12 November, 2013 was appointed as the first Chairperson and Managing Director of Bharatiya Mahila Bank (BMB), the first all-women bank of India? – Usha Anathasubramaniam (Usha assumed her charge on the same day. Prior to her appointment she was the Executive Director with Punjab National Bank (PNB))
2) What was the guideline issued by the RBI on 29 October, 2013 pertaining to transaction-based SMSes by banks? - The RBI asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable (In its guideline the RBI said that fees based on actual usage are necessary to ensure reasonableness and equity in charges levied by banks. In March 2011, the RBI had set guidelines for banks to send online alerts to customers for all types of transactions, irrespective of the amount. However, the central bank had not issued rules on charging customers for these alerts)
3) The RBI on 29 October, 2013 allowed the commercial banks to revise the periodicity of interest payments. This guideline was announced under RBI’s Second Quarter Review of Monetary Policy 2013-14 by Governor Raghram
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