Tag: Bank

IDBI to activate repo-linked retail loans from Oct 1

On September 4, RBI mandated banks to link fresh retail loans to an external benchmark like repo-rate. The move is aimed at including fresh retail and MSME loans from October 1 where home and auto loans will get cheaper.

September 9, 2019

Bank fusion won’t assist to restore bad loans: AIBEA

Opposing the merger of 10 public sector banks into four, C. H. Venkatachalam, General Secretary of AIBEA, in a statement issued here said in the name of banking reforms the government is enabling banks to help corporates.

August 31, 2019

One dead, 10 hurt as ceiling of bank collapses in Maharashtra’s Solapur; 10 feared trapped

Some patients also fell down with the crashing slab as there was a small clinic on the upper floor of the ground-plus-storied structure.

July 31, 2019

20 feared trapped as roof of building housing bank collapses in Maharashtra’s Solapur

The incident comes barely two weeks after a residential building crumbled to the ground in the Dongri area of Maharashtra’s Mumbai killing at least 14 people.

July 31, 2019

PM Modi launches India Post Payments Bank, accuses UPA of forcing banks to give bad loans

Speaking at the event, the PM took a jibe at the Congress accusing the party of forcing banks to give loans to known defaulters.

September 1, 2018

Will banks remain closed for 6 days starting 2 September? Here is the truth

Contrary to the message circulating on WhatsApp and other social media platforms, banks will remain open in the first week of September except on normal closing days. ATMs, too, will function normally.

August 31, 2018

‘Private banks ignoring SC entrepreneurs’

The National Scheduled Caste Alliance (NSCA) on Thursday alleged that the private sector banks are ignoring the scheduled caste (SC) entrepreneurs. NSCA national president Paramjit Singh Kainth claimed that the private banks and other regional credit banks have mostly ignored the applications of the individuals of SC community seeking loans to start their livelihood under …

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March 1, 2018

Kalahandi banks, govt offices, court closed amidst bandh for HC bench

Banks, government offices, postal services and courts remained closed in Kalahandi district on Monday in response to a bandh call given by lawyers demanding establishment of a bench of the Orissa High Court in Kalahandi. Educational institutions, business and transport were exempted from the purview of the Bundh. The Kalahandi Bar Association president Lokanath Nayak …

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February 27, 2018

The case for privatising PSBs

Not every bank employee is into policy decisions, only General Managers, senior managers and members of the Board. Majority of the staff does routine jobs like taking deposits, dealing with queries on savings and doing other paperwork. Compare it with the staff at McDonald’s, the largest fast-food chain. The staff there as well does a …

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February 25, 2018

CID searches Bharati Ghosh’s two bank lockers

The Criminal Investigation Department (CID)sleuths armed with the court order on Tuesday conducted search Operation in former IPS officer Bharati Ghosh’s two lockers at a nationalised bank on Southern Avenue. The CID officers also sought police remand of arrested former Daspur OC and one of former’s aides in connection with cash-forgold scam. CID officers reportedly …

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February 21, 2018

Not only PNB, other banks also involved in scam: Mamata

Continuing her attack on the Centre over the multi-crore PNB fraud, West Bengal Chief Minister Mamata Banerjee on Monday alleged that there are “other banks” involved in such money laundering cases with their chiefs being protected by the BJP government. “We know everything. Not only the Punjab National Bank, there are other banks also and …

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February 19, 2018

PSU bank shares suffer on recapitalisation plan

Shares of large state-run banks such as State Bank of India, Bank of Baroda and Punjab National Bank were hit by selling pressure today as many bankers and brokers felt the allocation of funds under the Rs 2.11-lakh-crore recapitalisation plan to these lenders was not up to their estimates and below their requirements of fresh …

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January 26, 2018

Balurghat bank staff accused of swindling woman

A retired teacher and resident of Balurghat, Jharna Laha Kulbi, on Friday filed a complaint at the Balurghat police station against a bank employee, accusing him of withdrawing a huge amount of money from her account using her ATM card. A complaint was also lodged with the private bank today, while officials said the bank has …

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January 20, 2018

A’duar microfinance bank robbed

A total of Rs 8, 07,000 was looted from a microfinance bank (Ujjivan Small Finance Bank) office situated at Marawari Patti in Alipurduar town yesterday night. The miscreants with precision cut opened the grill of a window on the back side of the office and entered inside the bank while the office guard had no …

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January 19, 2018

`1.95 lakh missing from dead man’s account; bank staff blamed

A total of Rs 1.95 lakh has vanished from a dead man’s saving account. The incident has come to the fore after a legal heir of the deceased verified the saving account. He found that an amount Rs 1,95,250 have been withdrawn from the account in different phases between 4 July and 4 and 1 …

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January 19, 2018

Bank stocks rally on buzz of 100 pc FDI

Reports claiming that the government would increase the foreign investment limits for banks took Dalal Street virtually by storm on Thursday leading to frenzied buying by market participants in banking stocks. The unprecedented rally in bank shares also took the main indices of Bombay Stock Exchange and National Stock Exchange to new highs. However, late …

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January 19, 2018

Russian bank to fund Iran’s development projects

Iran will use funds from the Eximbank of Russia to implement some infrastructure projects, media reports said on Sunday. The Central Bank of Iran and the Export Insurance Agency of Russia signed a deal recently to pave the way for Russian banks to fund Iranian projects, reported Xinhua, citing Iran’s Financial Tribune daily. Four Iranian …

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January 1, 2018