CTS – Cheque Truncation System

Ø  CTS System speed up the process of collection of cheque resulting in better service to customer.  

Ø  CTS reduces the scope for clearing related frauds or loss of instrument in transmit

Ø  CTS lowers the cost of collection of cheque

Ø  It removes reconciliation related logistics related problem and thus benefiting the system

Banks, Head quarters and CMD

Bank	Headquarters	Chairman and MD
State Bank of India and State bank Associates	Mumbai	Smt Arundhati Battacharya
Allahabad bank	Kolkata	Rakesh Sethi
Andhra bank	Hyderabad	C.V.R.Rajendran
Bank of Baroda	Vadodara	-----------------
Bank of India	Mumbai	Vijayalakshmi R Iyer
Bank of Maharashtra	Pune	Sushil Muhnot
Bharatiya Mahila Bank	New Delhi	Usha Ananthasubrahamiam
Canara Bank	Bangalore	Rajiv Kishore Dubey
Central bank of India	Mumbai	Shri Rajeev Rishi
Corporation Bank	Mangalore	Shri Sadhu Ram Bansal
Dena Bank	Mumbai	Shri Ashwani Kumar
Indian Bank	Chennai	T.M.Bhasin
Indian Overseas Bank	Chennai	N.Narendra
Oriental bank of commerce	New Delhi	S.L.Bansal
Punjab and Sind Bank	New Delhi	Jatinder Bir Singh
Punjab National Bank	New Delhi	K.R.Kamath
Syndicate Bank	Manipal	---------------
Union Bank of India	Mumbai	Shri Arun Tiwari
United Bank of India	Kolkata	------------------
UCO Bank	Kolkata	Arun Kaul
Vijaya Bank	Bangalore	Shri V.Kannan

Card less ATM Withdrawal – ICICI Bank

Card less ATM Withdrawal – ICICI Bank

                Card less withdrawal launched by “ICICI Bank” on 11^th September 2014.
                It enables person to transfer money to others with just a click. The recipient does not need any bank account.

                The person who is the customer of ICICI has to follow only 2 steps:

        Log in to ICICI net banking site and enter the details of the recipient’s name, address and Mobile number. When it is completed the sender will get a 4 digit verification code and recipient will get a 6 digit verification code. The recipient can withdraw cash by just entering the mobile number and 6 digit verification code send by the bank. So that the recipient may able to withdraw cash from any ICICI ATM. 

'MAKE IN INDIA' - Mission and Vision

Our Prime minister announced 'Make in India' mission on independence day and today he realised this dream to a reality by unveiling it's logo and opening the new dimensions for the industrialists and  FII's to invest in India. here are some points regarding the same.

1. Top CEOs from India Inc, international industry leaders, ambassadors, ministers and government officials  attended the launch. The campaign will target top companies across sectors in identified countries. It will also identify select domestic companies having leadership in innovation and new technology for turning them into global champions.
2. Special arrangements have been made to publicise the event globally in different world capitals. At the same time, programmes will be held in state capitals and also Indian missions abroad, where officials are expected to engage with investors and consultants just as PM Modi addresses CEOs back home.
3. Business entities will be extended a red carpet welcome. The "Invest India" unit in the Commerce Ministry will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances.
4. The government is also closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors.
5. A dedicated cell has been created to answer queries from business entities through a newly created web portal .The back-end support team of the cell would be answering specific queries within 72 hours.

6. The government has identified 25 key sectors in which India has the potential of becoming a world leader. PM Modi will be releasing separate brochures for these sectors along with a general brochure.
7. The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.
8. The campaign is aimed to transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth. This will help in creating jobs for over 10 million people, who join the workforce every year.
9. It aims to attract foreign companies to set up factories in India and invest in the country's infrastructure. The new government has liberalised defense manufacturing and insurance sectors to attract FDI, but analysts say the government needs to do much more to attract foreign capital.
10. The initiative has its origin in the PM Modi's Independence Day speech where he gave a clarion call to"Make in India" and "Zero Defect; Zero Effect" policy.