1. According to the data released by the RBI, India’ banking system reported total deposits of Rs. 100 lakh crore for the first time ever in September month of this year. With demand deposits crossing Rs.10 Lakh Crore & time deposits crossing the Rs 90 Lakh Crore Mark, the month saw the highest-ever monthly rise of Rs 5.32 Lakh crore.
  2. State Bank of Maharashtra has renewed its corporate agency tie-up with United India Insurance Company. 
  3. Standard Chartered Bank has announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash-back of up to 25 per cent for hailing cabs from the app.
  4. Jammu & Kashmir Bank appointed Parvez Ahmed as Chairman & CEO of the bank. He replaced Mustaq Ahmad.
  5. State Bank of India has became the First Domestic Bank of India to open 54th foreign branch, in the capital city of Yangon, Myanmar. Ghanshyam Srivastava will be the Chief Executive Officer of the SBI Yangon branch. 
  6. State Bank of India (SBI) declared Silchar as its 5th zone in North-East India. This zone will cater to the banking needs of the people of Mizoram, Tripura and Manipur along with the Barak Valley. 
  7. RBI's 24th Governor Urjit Patel, who has been recently appointed, has announced his first & country's 4th Bi-monthly Policy Statement for the year 2016-17. 
  8. The RBI has reduced the policy Repo Rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, & the Marginal Standing Facility (MSF) rate & the Bank Rate to 6.75 per cent
  9. Arundhati Bhattacharya will remain the chairperson of the State Bank of India (SBI) for another year. She will oversee the merger of 6 smaller commercial banks into the country's largest lender. 
  10. The Centre has appointed R Subramania Kumar as Executive Director (ED) of Indian Overseas Bank (IOB). 

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