Daily Banking Current Affairs on 26th June

Daily Banking Current Affairs on 26th June

Citi appoints Anand Selvakesari as Head of Consumer Banking Asia Pacific

Citi has appointed Anand Selvakesari as head of consumer banking for Asia Pacific. 

Anand will manage all of Citi's consumer businesses in Asia across the 12 markets that Citi offers retail banking, wealth management, cards and mortgages in the region. 

Anand's appointment is effective July 1 and he is taking over from Jonathan Larsen. Jonathan will focus on his role as global retail banking and mortgage head with the additional responsibilities of US Retail Banking and Mortgage. 

HDFC Securities mobile trading app available in 11 languages

HDFC Securities, a subsidiary of HDFC Bank has launched its mobile trading app in 11 different regional languages. 

This will help increase customer convenience and help make investing quick and simple for all, irrespective of the location says Dhiraj Relli, MD and CEO, HDFC Securities.

Apart from English the app will be available in Hindi, Marathi, Gujarati, Punjabi, Assamese, Bengali, Tamil, Telugu, Kannada, Malayalam and Oriya. 

This is the largest number of languages globally after Ameritrade which has a mobile app in four languages," says Jyotheesh Kumar, Executive Vice-President and Business Head, HDFC Securities.

ICAI plans report on how to reduce NPAs for PSU banks

The Institute of Chartered Accountants of India said that it was preparing a report suggesting how public sector banks could reduce non-performing assets. 

We are planning to compile a report on banking that will focus on how to reduce NPAs by PSU banks," ICAI chairman (committee on banking) Sumantra Guha said here today. 

He said the study was expected to be completed by this December and would be submitted to the Reserve Bank of India. 

He said that as on March 2015, the stressed assets as of advances were at 11 per cent, down two per cent from 2013-14 fiscal.