Tag: Bank

‘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

Allahabad Bank inks MoU with NeSL

State-run Allahabad Bank on Saturday signed an MoU with the government owned National E-Governance Services Ltd (NeSL) for a the tie-up that could help in minimising the resolution period in NCLT (National Company Law Tribunal) referred cases. NeSL is the first Information Utility entity registered by Insolvency and Bankruptcy Board of India under the aegis …

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December 31, 2017

Gunmen loot cash from J&K bank in Kashmir

Unidentified gunmen on Monday looted Rs 1 lakh from a Jammu and Kashmir Bank branch in south Kashmir, police said. Police said the gunmen, reportedly three in number, entered the Noorpora branch of the bank in Tral area of Pulwama district. The gunmen after threatening the bank staff and some customers looted Rs one lakh. …

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December 4, 2017

Rupee goes up 5 paise against dollar to 65.06

The rupee firmed up 5 paise to 65.06 against the dollar on Tuesday, set off by fresh selling of the US currency by exporters and banks. The local unit received some good support from higher domestic equities. But a strong dollar overseas kept the rupee in check. On Monday, the rupee had retreated from its …

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November 21, 2017

Stocks build up on Moody’s India upgrade

International rating agency Moody’s affirmation of the Narendra Modi government’s structural and fiscal reforms delivered a huge confidence-building boost to equity market. The announcement, analysts say, could not have been timed better because owing to mounting criticism of the government policies in recent weeks has created confusion among investors who have turned tentative buyers and sellers …

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November 17, 2017

Sensex zooms 414 points after Moody’s ups India rating

The BSE Sensex today skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody’s upgraded India’s sovereign credit rating. Positive global cues buoyed sentiment here. The 30-share Sensex climbed 414 points, or 1.25 per cent, to trade at 33,520.82. The gauge had rallied 346.38 …

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November 17, 2017

Banks, IT stocks lift equities; Sensex closes over 300 points

Key Indian equity indices on Thursday broke their three-day losing streak and provisionally closed in the positive territory, with the BSE Sensex surging over 300 points during the mid-afternoon session. According to market observers, healthy buying in banking, IT and metal stocks pushed the equity indices higher. The wider Nifty50 of the National Stock Exchange …

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November 16, 2017