This document contains summaries of several news articles about developments in the Indian banking sector: 1) Standard Chartered Bank launched a new preferred banking program for emerging affluent individuals between ages 25-40 with annual incomes between 500,000-4,000,000 rupees. 2) The Indian Institute of Banking & Finance overhauled the structure of the Certified Associate exam for bankers to include 11 new elective subjects and place more emphasis on specialization. 3) State Bank of India merged with State Bank of Indore, absorbing all of its customers and branches after 90 years of independent operation as Indore Bank.

1. PRESENTED BY:- PALLAVI SAGGAR MBA-2A NEWS ON BANKING SECTOR

2. This scheme offers complete solution that combines saving, borrowings & protection for emerging affluent segment. Target segment:- young, upwardly mobile, techno literate professional between 25-40 yrs and annual income between (5,00,000 – 40,00,000). As in India , emerging affluent is rapidly increasing at 18% p.a . StanChart Launches Preferred Banking For Emerging Affluent.

4. 11 Elective subjects are introduced

5. IIBF (CEO) – Mr. R.BhaskaranSpecialisation stressed in New Bank exam

7. SBI (Base rate) :- 8% for 1 year & 9% for 2, 3 year

8. Base rate is rate at which Bank lends moneyRise in Base Rate won't affect Fixed Rate Loan

10. Fedral Bank – 26%

11. Belgian Insurer Ageas – 26%IDBI (MD&CEO) :- Mr. G.V NageswaraRao Fedral gets to add its name in 3-way life J.V with IDBI.

12. After 90 long years of banking, State Bank of Indore (also known as Indore Bank) has now merged into State Bank of India today as per the Gazette Notification issued on July 28 by the Department of Financial Services. From today all customers of Indore Bank will now be customers of SBI and all branches of State Bank of Indore have started working as branches of State Bank of India. SBI-Indore Bank merged into SBI

13. Thank you