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  • Tue Jan 23 2018 12:52:42 GMT+0100 (CET)
  • Read latest updates about "Banking"

    CVC seeks data on fraud from PSU banks since 2001

    CVC seeks data on fraud from PSU banks since 2001

    The Central Vigilance Commission (CVC) has sought details from public sector banks about all fraud reported by them to the CBI since 2001. The exercise is part of a first-of-its-kind initiative being undertaken by the anti-corruption watchdog aimed at bringing in systematic improvements in ...

    Shri Rajkiran Rai G, Managing Director & CEO,Union Bank Of India, announces 'Q2FY18 and H-1 ...

    Shri Rajkiran Rai G, Managing Director & CEO,Union Bank Of India, announces Q2FY18 and H-1 FINANCIAL RESULTS

    Mumbai : The Board of Directors of Union Bank of India, today, approved the accounts of the Bank for the quarter and half year ended September 30, 2017. Business:Global Business grew by 8.8 per cent to `695978 crore as on September 30, 2017 from`639822 crore as on September 30, 2016. ...

    Exim Bank Signs an MOC with Centre for Microfinance & Livelihood, a Tata Trusts initiative

    Exim Bank Signs an MOC with Centre for Microfinance & Livelihood, a Tata Trusts initiative

    Mumbai : Export-Import Bank of India (EXIM Bank) today signed a Memorandum of Cooperation (MOC) with the Centre for Microfinance & Livelihood (CML), an initiative of Tata Trusts. CML was conceptualized by Tata Trust as a specialized umbrella support organization for capacity building, ...

    SBI cuts benchmark lending rate by 0.05 pc across maturities

    SBI cuts benchmark lending rate by 0.05 pc across maturities

    The country's largest lender State Bank of India (SBI) today slashed benchmark lending rate by 0.05 per cent across maturities. The reduction in marginal cost of funds based lending rate (MCLR) came after a gap of almost 10 months. The move by the SBI will trigger rate cut by other ...

    SIDBI partners with AU Small Finance Bank to boost MSME financing

    SIDBI partners with AU Small Finance Bank to boost MSME financing

    Delhi : AU Small Finance Bank, one of the fast growing banks in India, today signed a Memorandum of Understanding (MOU) with Small Industries Development Bank of India (SIDBI) to provide an impetus to funding MSMEs. Under 'AU SIDBI Joint Financing Programme', both the financial institutes have ...

    Rajnish Kumar appointed new SBI chairman

    Rajnish Kumar appointed new SBI chairman

    Rajnish Kumar, Managing Director of State Bank of India (SBI), was appointed the next chairman of the largest public sector bank today. He will succeed Arundhati Bhattacharya, who is at present serving her one-year extension, that ends on Friday.The Appointments Committee of the Cabinet has ...

    RBI to announce fourth bi-monthly policy review statement

    RBI to announce fourth bi-monthly policy review statement

    The Reserve Bank of India will today announce the fourth bi-monthly policy review statement. The Monetary Policy Committee headed by RBI governor Urjit Patel started two-day deliberations with industry in Mumbai yesterday. The bi-monthly monetary policy statement is being keenly awaited by ...

    Finance Minister Arun Jaitley says zero balance accounts under PMJDY come down to 20% from earlier ...

    Finance Minister Arun Jaitley says zero balance accounts under PMJDY come down to 20% from earlier 77%

    Finance Minister Arun Jaitley today said zero balance accounts under the Jan Dhan Yojana have come down to 20 per cent from 77 per cent previously. He was speaking at the Conclave on Financial Inclusion by United Nations in Delhi. Mr Jaitley said 300 million accounts were opened under Prime ...

    Govt notifies Banking Regulation (Amendment) Act

    Govt notifies Banking Regulation (Amendment) Act

    The government has notified the Banking Regulation (Amendment) Act. The Act authorises the Reserve Bank of India, RBI to issue directions to banks to initiate insolvency resolution process to recover bad loans. The banking sector is saddled with non-performing assets, NPAs of over 8 lakh ...

    RBI issues new Rs 200, Rs 50 notes

    RBI issues new Rs 200, Rs 50 notes

    The Reserve Bank today issued new Rs 200 and Rs 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of RBI Governor Urjit Patel. Initially, the new Rs 200 notes will be circulated by select RBI offices, and some banks. The new Rs. 200 denomination has motif of ...

    Parliament passes Banking Regulation (Amendment) Bill, 2017

    Parliament passes Banking Regulation (Amendment) Bill, 2017

    Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it today. The Lok Sabha has already passed it. Replying to a debate on the Bill, Finance Minister Arun Jaitley said, the wilful defaulters will not be spared and prosecution s are being ...

    State Bank of India cuts interest rate on savings account by half per cent

    State Bank of India cuts interest rate on savings account by half per cent

    The State Bank of India has slashed interest on savings account deposits by half a per cent to 3.5 per cent on balance up to 1 crore rupees. The bank said, for saving deposits balance above 1 crore, the rate of interest has been retained at 4 per cent per annum. The bank is introducing ...

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