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21 March: The government 18 March: Second largest Private
has lowered the Sector HDFC Bank
rate of interest has launched SmartUp
of small saving Banking Service, a
schemes such as dedicated solution for
PPF, NSC and startups, to fulill all
Kisan Vikas Patra. The Public Provident their banking needs. This service has been
Fund (PPF) will yield 8.1% compared with launched in association with Zone Startups
8.7% at present and the Kisan Vikas Patra India (ZSI).
(KVP) will fetch 7.8% against 8.7%. 18 March: IRCTC and Pawan Hans have joined hands
21 March: India ofices of MNCs like DHL, Google under an agreement that would allow lyers
and Marriott ranked among the top to book tickets through IRCTC website.
workplaces in Asia, while as many as 10 18 March: Tata Consultancy Services, India's largest
Indian companies including Lupin, M&M IT service company announced that it has
and InterGlobe Enterprises made it to the list launched a peer-to-peer lending solution
under the '25 Best Large Places to Work' 'Vipps' in Norway for its client DNB, the
category. According to the 2nd annual list of largest inancial services group in that
the Best Workplaces in Asia-Paciic, DHL country.
took the top slot among multinationals,
while Salesforce led the Small & Medium 18 March: India Signs USD 35 Million Loan
list and Atlassian, the Large Companies Agreements with the World Bank for
segment. Madhya Pradesh Citizen Access to
19 March: The Reserve Bank signed a SAARC Responsive Services Project.
currency swap agreement with the Royal 16 March: Wipro Limited, a leading IT company has
Monetary Authority of Bhutan (RMBA). appointed technologist and venture capitalist
Under the arrangement, RMBA can make Patrick J. Ennis as an independent director
withdrawals of US dollar, euro and rupee to its board.
in multiple tranches of up to a maximum of 16 March: Corporate giants like RIL, Vedanta,
USD 100 million or its equivalent. Mahindra & Mahindra, Tata Motors, and
19 March: Singapore's Changi Wipro are among the top 10 companies
Airport has been which have emerged as India's most
voted the World's sustainable irms. Besides, there are ITC,
Best Airport for the Tata Power, Tata Chemicals, Hindustan Zinc
fourth year in a row. and ACC, the CII-ITC Centre of Excellence
This is the seventh time that Changi Airport for Sustainable Development survey said.
has picked up this title at the World Airport 16 March: Bangladesh Reserve
Awards 2016. Bank Governor

19 March: Mahindra & Mahindra Financial Services Atiur Rahman has
Ltd (Mahindra Finance) announced the resigned following a $
appointment of Dhananjay Mungale, 80 million cyber theft
Independent Director, as the Chairman from the Bank's Reserve Fund Account at
and Ramesh Iyer, Managing Director, as the the Federal Reserve Bank of New York.
Vice-Chairman of the Board of Directors of 16 March: Customers with Post
the company. Ofice savings can now
18 March: Public sector lender operate their accounts
SBI has tie-up with from 20,106 branches
taxi-aggregator Uber to as they have been
provide instant vehicle connected with core banking facility.
inance to 'driver-partners' on the latter's 16 March: India's Gujarat State Fertilizers and
platform. The scheme would encourage Chemicals Ltd have agreed to guarantee
skilled drivers to overcome liquidity crunch payments to inance the irst phase of
and excess documentation requirements to Karnalyte Resources Inc's Canadian potash
become an entrepreneur. mine project.


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